TowneBank's new Kingsmill Office

Williamsburg/Suffolk, VA – To mark the grand opening of their third banking center in Williamsburg, TowneBank hosted a preview reception on Thursday evening, October 8, 2009.

            During the event, TowneBank announced the endowment of a $200,000 Memorial Scholarship Fund for the College of William & Mary.  A scholarship will be awarded annually in memory of Alvin P. Anderson, a TowneBank Williamsburg, Peninsula, and Hampton Roads Board Member; a founding board member of Harbor Bank; a William & Mary and Marshall-Wythe School of Law alumnus; and a member of the William & Mary board of visitors.

Mr. Anderson’s wife, Betsy, along with representatives from the College of William & Mary and TowneBank, will select the annual recipient. “It is a great privilege to honor a man who has meant so much to our organization and community,” says TowneBank Williamsburg President Anne Conner.  Also, in recognition of his service and dedication to TowneBank, the board room at TowneBank Williamsburg will be named the Alvin P. Anderson board room.

            Located in the new Quarterpath Crossing Shopping Center at the intersection of Route 199 and Quarterpath Road, TowneBank’s new 5,000-square-foot office will provide private banking style services to area residents, community groups, and businesses.  With four sit-down teller alcoves and four drive-through lanes, members will be treated to a warm and gracious TowneBank welcome.  The branch will officially open for business on October 13.

As one of Virginia’s top community banks, TowneBank now operates 18 banking offices in Chesapeake, Hampton, Portsmouth, Newport News, Virginia Beach, Norfolk, Williamsburg and York County. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, TFA Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Prudential Towne Realty, Towne 1031 Exchange, LLC, Corolla Classic Vacations and Corolla Real Estate. Through its strategic partnership with William E. Wood and Associates, the bank also offers mortgage services in all of their offices in Hampton Roads and Northeastern North Carolina. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors.

With total assets of $3.49 billion as of June 30, 2009, TowneBank is one of the largest banks headquartered in Virginia.

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