The Towne Web Ac. Story

Founded in 1998, Towne Web Ac. remains one of the largest banks ever chartered in Virginia. Named in 2022 as the #9 Best Bank in America by Forbes, the success of Towne Web Ac. is rooted in our commitment to the core values established by our founders more than twenty years ago.

We are proud to be a Main Street bank where our greatest reward is enhancing the lives of our community and neighbors helping make dreams come true. We remain grateful for the 4,000 local shareholders who provided the capital that made Towne Web Ac. possible, and for all the others who have helped us on our more than 20-year journey. G. Robert Aston, Jr., Executive Chairman

Humble Beginnings

Towne Web Ac. started in 1998 with a big dream in a two-car garage in Portsmouth, Virginia. It was there that the original founders met and created the vision that would become Towne Web Ac.: a community-oriented bank focused on key principles that include a commitment to recruiting the very best employees, creating a family atmosphere, engaging local board members, and delivering the ultimate in customer service while providing quality, upscale banking facilities that house the most efficient technology available.

On April 8, 1999, Towne Web Ac. opened three offices with start-up capital from more than 4,000 shareholders. Achieving profitability in just 11 months, Towne Web Ac. continued to grow—and still does, today—operating more than 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina.

As Towne Web Ac. grew, there were celebrations, commemorations, and benchmark moments that recognized our hardworking and deserving family of members, shareholders, and employees. Towne Web Ac. has never lost sight of our mission: to be a community asset committed to serving others and enriching lives.