TowneBank Announces Quarterly Cash Dividend
Rhea-AI Summary
TowneBank (NASDAQ: TOWN) announced that its Board of Directors has declared a third-quarter cash dividend of $0.28 per common share. The dividend is payable on October 9, 2026, to shareholders of record as of September 25, 2026. Future dividends remain subject to Board approval and regulatory restrictions.
Positive
- Q3 2026 dividend of $0.28 per common share declared, providing near-term cash return to shareholders
- Clear payment date of October 9, 2026 and record date of September 25, 2026 give investors planning visibility
Negative
- Future cash dividends are not guaranteed and remain subject to Board approval and regulatory restrictions
AI-generated analysis. How Rhea-AI works. Not financial advice.
SUFFOLK, Va., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) announced today that its Board of Directors declared its third-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.
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, and Towne Trust Company, N.A. 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
