TOWN News and Press, Towne Bank From 04/14/22

SUFFOLK, Va., April 14, 2022 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today that three long-serving members of its Board of Directors, E. Lee Baynor, Thomas C. Broyles and F. Lewis Wood, will not stand for re-election and will transition to Emeritus status following the 2022 A...

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For further details see: Dividend Champion, Contender, An...

How dividends provide comfort in volatile market conditions. Applying the High Relative Dividend Yield screen. Stocks passing the High Relative Dividend Yield Screen. For further details see: Stocks With High Relative Dividend Yield

Rising U.S. Treasury yields and expected interest rate hikes this year bode well for the banking sector. So, we think it could be wise to add quality bank stocks Hancock Whitney (HWC), TowneBank (TOWN), 1st Source (SRCE), and Origin Bancorp (OBNK) to one’s portfolio. Read on. U.S....

SUFFOLK, Va., Feb. 09, 2022 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its public offering and sale of $250 million of its 3.125% fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes were sold at par, resulting in net ...

TowneBank (NASDAQ:TOWN) has priced its offering of $250M of its 3.125% fixed-to-floating rate subordinated notes due 2032. The notes will initially bear interest at 3.125% p.a., with interest payable semiannually in arrears, commencing on the issue date. Commencing February 15, 2027, the inte...

TowneBank (NASDAQ:TOWN) priced its offering of $250M of 3.125% fixed-to-floating rate subordinated notes due 2032. Commencing February 15, 2027, the interest rate on the Notes will reset quarterly to a floating rate per annum equal to a benchmark rate that is expected to be Three-Month Term S...

SUFFOLK, Va., Feb. 02, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company”) (Nasdaq: TOWN) announced today the pricing of its offering of $250 million of its 3.125% fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes will initially bear inte...

SUFFOLK, Va., Jan. 27, 2022 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) announced today that J. Morgan Davis, a founding member of the Company and current Chief Executive Officer, plans to retire in 2022. In order to ensure a smooth an...