TowneBank (NASDAQ: TOWN) announced a quarterly cash dividend of $0.28 per common share, marking the third-quarter payout for the regional banking group.
The dividend was declared by the board today and is payable on October 9, 2026, to shareholders recorded as of September 25, 2026. The bank, headquartered in Suffolk, Virginia, operates more than 70 banking offices across Virginia, North Carolina, and South Carolina.
TowneBank reported total assets of $22.62 billion as of June 30, 2026. Founded in 1999, the company’s dividend declaration remains subject to future board approval and regulatory constraints.
