TowneBank
Community bank founded in 1998 offering comprehensive financial solutions including personal and business banking, mortgages, and investments. Operating 51 offices throughout Virginia and North Carolina regions.
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Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (163 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
TowneBank ranks #15 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of TowneBank’s 7(a) acquisition lending falls in the $500K-$1M range: 64 loans, 39.3% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 31 | 19.0% | |
| $500K-$1M | 64 | 39.3% | |
| $1M-$2M | 50 | 30.7% | |
| $2M-$3M | 13 | 8.0% | |
| $3M-$4M | 5 | 3.1% |
Industries with highest loan volume
Limited-Service Restaurants
14
loans
$830K
avg. amount
Full-Service Restaurants
10
loans
$990K
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
6
loans
$1.3M
avg. amount
Beer, Wine, and Liquor Retailers
5
loans
$690K
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
5
loans
$2.0M
avg. amount
Child Care Services
5
loans
$814K
avg. amount
General Automotive Repair
4
loans
$1.1M
avg. amount
All Other Specialty Trade Contractors
3
loans
$2.1M
avg. amount
Residential Remodelers
3
loans
$1.5M
avg. amount
All Other Professional, Scientific, and Technical Services
3
loans
$1.2M
avg. amount
10-Year
0.4%
Percentile Ranking
82th
82th percentile
TowneBank’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 0 of the last 8 quarters. 1 of the 163 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.73% |
| $500K-$1M | Prime + 2.48% |
| $1M-$2M | Prime + 2.52% |
| $2M-$3M | Prime + 2.31% |
| $3M-$4M | Prime + 1.80% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q2 '24 | Prime + 2.25% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 13 |
| Q3 '24 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 12 |
| Q4 '24 | Prime + 2.75% | Prime + 2.25% | Prime + 1.50% – Prime + 2.75% | 15 |
| Q1 '25 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 12 |
| Q2 '25 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 13 |
| Q3 '25 | Prime + 2.50% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 13 |
| Q4 '25 | Prime + 2.75% | Prime + 2.25% | Prime + 1.67% – Prime + 2.75% | 14 |
| Q1 '26 | Prime + 2.50% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 11 |
TowneBank has originated 7(a) acquisition loans in 32 states, most actively in Florida (31), North Carolina (18) and Texas (17). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Florida | 31 | 19.0% |
| North Carolina | 18 | 11.0% |
| Texas | 17 | 10.4% |
| Michigan | 12 | 7.4% |
| California | 11 | 6.7% |
| Colorado | 8 | 4.9% |
| Virginia | 6 | 3.7% |
| Maryland | 6 | 3.7% |
| Pennsylvania | 6 | 3.7% |
| New Jersey | 5 | 3.1% |
| South Carolina | 4 | 2.5% |
| Arizona | 4 | 2.5% |
| Georgia | 3 | 1.8% |
| New York | 3 | 1.8% |
| Kentucky | 3 | 1.8% |
| Kansas | 2 | 1.2% |
| Illinois | 2 | 1.2% |
| New Mexico | 2 | 1.2% |
| Washington | 2 | 1.2% |
| Tennessee | 2 | 1.2% |
| Connecticut | 2 | 1.2% |
| Ohio | 2 | 1.2% |
| Oregon | 2 | 1.2% |
| Indiana | 2 | 1.2% |
| Minnesota | 1 | 0.6% |
| Utah | 1 | 0.6% |
| Delaware | 1 | 0.6% |
| Massachusetts | 1 | 0.6% |
| Montana | 1 | 0.6% |
| New Hampshire | 1 | 0.6% |
| Wisconsin | 1 | 0.6% |
| Missouri | 1 | 0.6% |
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