FOR IMMEDIATE RELEASE

Virginia Beach, Va. – TowneBank is pleased to announce the grand opening of its newest office in Norfolk, located at Wards Corner. An official grand opening ceremony will be held on Thursday, June 12 at 9 a.m.

This 4,500 square foot banking center, located at 7500 Granby Street in the Wards Corner shopping center,  will offer a wide array of financial services to individuals, businesses and community organizations.

TowneBank Chairman and CEO Bob Aston; Norfolk Mayor Paul Fraim; TowneBank Norfolk President John Matson; and Wards Corner Branch Manager Anna Bowerman will participate in the ribbon-cutting ceremony.  In the bank’s grand opening tradition, donations of $5,000 each will be presented to Granby High School and ACCESS AIDS Care.

“We are excited to open this new neighborhood branch in the heart of Wards Corner,” said John Matson, TowneBank Norfolk President.  “This is an exciting hub of activity in the Norfolk community, and we are pleased to bring our hometown style of banking to its businesses and residents.”

As one of the top community banks in Virginia and North Carolina, TowneBank operates 27 banking offices serving Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach, Williamsburg, James City County and York County in Virginia along with Moyock, Grandy, Camden, Southern Shores, Corolla and Kill Devil Hills in North Carolina.  Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, TFA Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Prudential Towne Realty, Towne 1031 Exchange, LLC, and Corolla Classic Vacations.  Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.

With total assets of $4.78 billion as of March 31, 2014, TowneBank is one of the largest banks headquartered in Virginia.

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