TowneBank Announces Quarterly Cash Dividend

Rhea-AI Summary

TowneBank (NASDAQ: TOWN) announced a quarterly cash dividend of $0.27 per common share. The dividend is payable on January 7, 2026 to shareholders of record on December 26, 2025. The declaration notes that the amount and any future cash dividends remain subject to Board of Directors approval and applicable regulatory restrictions.

Positive

• Dividend declared of $0.27 per common share
• Payment date set for January 7, 2026
• Record date for eligibility: December 26, 2025

Negative

• Dividend amount and future dividends subject to Board approval
• Dividend subject to applicable regulatory restrictions

SUFFOLK, Va., Nov. 26, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of $0.27 per common share payable on January 7, 2026, to shareholders of record on December 26, 2025.

The amount and declaration of future cash dividends are subject to Board of Directors’ approval in addition to regulatory restrictions.

About TowneBank:
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, TowneBank values all employees and members by embracing their diverse talents, perspectives, and experiences.

Today, TowneBank operates over 60 offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. TowneBank has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of $19.68 billion as of September 30, 2025, TowneBank is one of the largest banks headquartered in Virginia.

Media contact:
G. Robert Aston, Jr., Executive Chairman, 757-638-6780
William I. Foster III, President and Chief Executive Officer, 757-417-6482

Investor contact:
William B. Littreal, Chief Financial Officer, 757-638-6813

FAQ

What dividend did TowneBank (TOWN) declare for Q4 2025?

TowneBank declared a quarterly cash dividend of $0.27 per common share.

When is the TowneBank (TOWN) dividend payable?

The dividend is payable on January 7, 2026.

What is the record date for TowneBank (TOWN) Q4 2025 dividend?

Shareholders of record on December 26, 2025 will be eligible.

Is the TowneBank (TOWN) dividend final and guaranteed?

No; the amount and future dividends are subject to Board approval and regulatory restrictions.

How does TowneBank (TOWN) notify shareholders of the dividend payment date?

The company announced the payment date as January 7, 2026 in its declaration.

Will TowneBank (TOWN) pay the dividend to shareholders who buy shares after December 26, 2025?

No; only shareholders of record on December 26, 2025 are eligible for the January 7, 2026 payment.