TowneBank Announces Quarterly Cash Dividend

Rhea-AI Summary

TowneBank (NASDAQ: TOWN) declared a quarterly cash dividend of $0.27 per common share. The dividend is payable on April 10, 2026 to shareholders of record on March 31, 2026. Future dividend amounts and declarations remain subject to board approval and regulatory restrictions.

Positive

• Dividend declared: $0.27 per common share
• Payable date: April 10, 2026 to record holders March 31, 2026

Negative

• Future dividend declarations remain subject to board approval and regulatory restrictions

News Market Reaction – TOWN

+1.68%

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+1.68% News Effect

On the day this news was published, TOWN gained 1.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SUFFOLK, Va., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its first-quarter shareholder cash dividend of $0.27 per common share payable on April 10, 2026, to shareholders of record on March 31, 2026.

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 70 banking offices throughout Hampton Roads and Central Virginia, Eastern and Central North Carolina, the Greenville and upstate region of South Carolina, and Charleston, South 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, Towne Vacations, and Towne Trust Company, N.A. With total assets of $19.69 billion as of December 31, 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 Q1 2026?

TowneBank declared a $0.27 per share quarterly cash dividend for Q1 2026. According to the company, the dividend is payable April 10, 2026 to shareholders of record on March 31, 2026.

When is the TowneBank (TOWN) dividend payable and what is the record date?

The TowneBank dividend is payable on April 10, 2026 with a record date of March 31, 2026. According to the company, eligible shareholders on the record date will receive the cash dividend on the payable date.

How much will shareholders of TowneBank (TOWN) receive per share on April 10, 2026?

Shareholders will receive $0.27 per common share on April 10, 2026. According to the company, payment applies to holders of record as of March 31, 2026, subject to standard processing.

Does the TowneBank (TOWN) dividend guarantee future payments?

No, the dividend does not guarantee future payments; it is a current declaration only. According to the company, future cash dividends are subject to board approval and applicable regulatory restrictions.

Who is eligible to receive TowneBank (TOWN) dividend on April 10, 2026?

Eligible recipients are shareholders of record on March 31, 2026. According to the company, those listed as holders on that record date will be paid the $0.27 per share dividend on April 10, 2026.