TowneBank Announces Quarterly Cash Dividend
TowneBank (NASDAQ: TOWN) has declared a fourth-quarter cash dividend of $0.25 per common share.
Rhea-AI Summary
TowneBank (NASDAQ: TOWN) has declared a fourth-quarter cash dividend of $0.25 per common share. The dividend will be payable on January 14, 2025, to shareholders of record on December 31, 2024. The Hampton Roads based bank's future dividend payments remain subject to Board approval and regulatory restrictions.
Positive
- Maintained quarterly dividend of $0.25 per share, demonstrating financial stability
- Consistent shareholder returns through dividend payments
Negative
- None.
Details
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SUFFOLK, Va., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its fourth-quarter shareholder cash dividend of
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.
Now celebrating 25 years, TowneBank operates over 50 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
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
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