Townebank Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Townebank

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Townebank Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	Over 1,000Exact Company Size
Primary Industry	52211 Commercial Banking
Address	6001 Harbour View Blvd Suffolk, VA 23435

Note: Revenues for privately held companies are statistical evaluations.


Townebank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Townebank's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Townebank is classified as operating in the Commercial Banking industry, NAICS Code 52211.

Townebank Annual Revenue and Growth Rate

Townebank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Over $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Townebank's revenues are gauged from an analysis of company filings.

Townebank's Income Statement (based on Industry Averages)

Townebank P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Townebank is developing and marketing. Townebank doesn't have any recent trademark applications, indicating Townebank is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
LINELOCK Financial services rendered in connection with the issuance, receipt and transfer of lines of credit, namely, credit processing services; providing personal loans and lines of credit	04/07/2014
TOWNE LINELOCK Financial services rendered in connection with the issuance, receipt and transfer of lines of credit, namely, credit processing services; providing personal loans and lines of credit	04/07/2014
SENIORS FIRST REVERSE MORTGAGE SPECIALISTS Mortgage brokerage; Mortgage lending	03/13/2007

See all trademarks and details in the Full Report.

Market Share of Townebank's Largest Competitors

A competitive analysis shows these companies are in the same general field as Townebank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATION	Jersey City, NJ	100
SOUTH DAKOTA BANKERS ASSOCIATION	Pierre, SD	72
PNC FINANCIAL SERVICES GROUP	Pittsburgh, PA	20
U.S. BANCORP	Minneapolis, MN	17
TRUIST FINANCIAL	Charlotte, NC	13
MUFG BANK	New York, NY	10
TD BANK	Falmouth, ME	9
FIRST-CITIZENS BANK & TRUST	Raleigh, NC	7
FEDERAL HOME LOAN BANK OF DES MOINES	Des Moines, IA	6

Nearby Competitors

These companies are similar in business line and location to Townebank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
TOWNEBANK	Suffolk, VA	100
CHARTWAY FEDERAL CREDIT UNION	Virginia Beach, VA	23
FARMERS BANK	Windsor, VA	3
BEACH MUNICIPAL FEDERAL CREDIT UNION	Virginia Beach, VA	1
INTEGRITY BANK FOR BUSINESS	Virginia Beach, VA	1
VIRGINIA BEACH SCHOOLS FEDERAL CREDIT UNION	Virginia Beach, VA	0

Future Competition: Townebank's Fastest Growing Competitors

These companies are in the same general field as Townebank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)