At TowneBank, 'Hometown banking' isn't just something we say, it's how we do business. As one of the top community banks North Carolina. read more
TowneBank Company Culture
TowneBank Culture
This score is derived from employee ratings & reviews3.3/5
TowneBank's Overall Culture is rated C
Top Rated Culture Dimensions
Gender
ACEO Rating
A-Environment
C+Executive Team
C+Leadership
C+TowneBank CEO
Top 15%Top 15% of Similar Size Companies on Comparably
G. Robert Aston
76 /100
See More
Diversity at TowneBank
N/A
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterWomen at TowneBank
Top 10%Top 10% of Similar Size Companies on Comparably
A
Women at TowneBank have rated Happiness, Leadership, and Work Culture as the highest categories they have scored
TowneBank eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Bottom 35%Bottom 35% of Similar Size Companies on Comparably
Recommend to a Friend?
-27
TowneBank employees are -27% more likely to recommend TowneBank as a great place to work
| 33% | Promoters |
|---|---|
| 7% | Passives |
| 60% | Detractors |
Working at TowneBank
Working at TowneBank is rated below average by 40 employees, across various culture dimensions. TowneBank employees rate CEO Rating highest among all categories, and think that Perks And Benefits and Compensation have the most room for improvement, putting TowneBank’s culture in the Bottom 45% compared to similar sized companies on Comparably and in the Bottom 40% compared to other companies in Virginia Beach, VA. See below in detail how working at TowneBank was rated by employees.
Overall Company Culture at TowneBank
C
Overall Company Culture at TowneBank is rated C
Last updated months ago
Bottom
45%
TowneBank ranks in the Bottom 45% of other companies on Comparably with 1,001-5,000 Employees for Overall Company Culture Score
Share Your Opinion
Anonymously Rate Your Experience & Make Work BetterTowneBank Employee Reviews
Out of 38 TowneBank employee reviews, 84% were positive. The remaining 16% were constructive reviews with the goal of helping TowneBank improve their work culture.
| Positive Reviews | 84% |
|---|---|
| Constructive Feedback | 16% |
Positive Reviews From TowneBank Employees
- What did you like most about the interview process?Townebank goes above regular companies and really focuses on candidates that reflect our culture to ensure we have a uniform team that shares the same desires and goals Townebank has built off on.
- What is most positive about the culture and environment at your company?The company dedicates time from company wide to location wide to dedicate and thank its employees. They have always shown it's employees gratitude for the effort and difference we make in our success and in our communities.
- What are some of the best things about your team?I love working with my team every day and the dynamic each teammate provides. The atmosphere makes it desirable to come to work and to genuinely interact and become personable with my team. Each person is supportive and open to feedback.
Constructive Feedback From TowneBank Employees
- What does the leadership team need to get better at?Being able to do stuff for themselves
- What do your coworkers need to improve and how could you work together better?Stand up and help stop the retaliation
- Why do you feel undervalued and what would make you feel better about your compensation?Pay what we're worth and hr be available for us
TowneBank Company Information
TowneBank Company Overview
At TowneBank, 'Hometown banking' isn't just something we say, it's how we do business. As one of the top community banks North Carolina.
TowneBank Mission, Vision & Values
TowneBank Mission & Values
TowneBank will be a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family of members. We will offer a competitive array of business and personal financial services, delivered with only the highest ethical standards. Our commitment to exquisite service for our members will lead to our ability to create a reasonable rate of return for our shareholders, a bright future for our dedicated bankers, and a leadership role for our bank in promoting the social, cultural, and economic well-being of our community.
| Headquarter | 5716 High Street Portsmouth, VA United States of America |
|---|---|
| Website | townebank.com/ |
| Founding Date | 1999 |
| Company Status | Public |
| Stock | TOWN |
TowneBank Competitors
TowneBank competitors include Navy Federal Credit Union, SunTrust Banks, and Aldermore Bank. TowneBank ranks 2nd in Overall Culture Score on Comparably vs its competitors. See below how TowneBank compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
TowneBank Employees
40 employees at TowneBank have reviewed TowneBank across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.
Overall, the 40 TowneBank employees give their leadership a grade of C+, or Top 50% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at TowneBank are mostly dissatisfied with their total compensation at TowneBank, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at TowneBank are generally satisfied with their team. 40 Participants grade the quality of their coworkers a C+. The majority believe the meetings at TowneBank are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at TowneBank believe the environment at TowneBank is positive. Most Participants believe the pace of work at TowneBank is comfortably fast. About 53% of the employees at TowneBank work 8 hours or less.
Overall, the employees at TowneBank are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining TowneBank - Employee Onboarding
The prevailing opinion from Comparably users in Virginia Beach, VA about their company is that it was very prepared on their first day. Virginia Beach, VA employees concluded that their overall onboarding experience was positive. 72% said their direct manager was helpful with their acclimation during the first 90 days. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
TowneBank KPIs and OKRs
Employees’ understanding of TowneBank's KPIs and OKRs is essential for its success. Out of 2 TowneBank employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 2 have said yes.
Are your company's goals clear, and are you invested in them?
Are the KPIs/OKRs for your department clear?
TowneBank CEO & Leadership
TowneBank CEO - G. Robert Aston
76 /100
G. Robert’s approval rate is in the Top 15% of all CEOs of similar-sized companies on Comparably, and in the Top 15% compared to the CEOs of all other companies in Virginia Beach, VA. TowneBank’s CEO is highly regarded especially by employees with Over 10 Years experience, Caucasian employees, and Female employees. Compared to TowneBank’s competitors, G. Robert Aston ranks right above SunTrust Banks CEO William Rogers. Under Aston’s leadership, TowneBank employee respondents are most happy about their Environment and the company’s Executive Team. Perks And Benefits and Compensation are two areas, according to respondents, where TowneBank could stand to see real improvement.
TowneBank Leadership
The TowneBank Executive Team is rated a “C+” and led by CEO G. Robert Aston, Director Andrew Fine, and Senior EVP & CFO Clyde McFarland Jr.
G. Robert Aston CEO / President
G. Robert Aston serves as the CEO / President of TowneBank.
Andrew Fine Director
Mr. Andrew S. Fine serves as the President of The Runnymede Corporation and Of counsel of the law firm of Fine, Legum &... read more
Clyde McFarland Jr. Senior EVP & CFO
Mr. Clyde E. McFarland, Jr., has been the Chief Financial Officer and Senior Executive Vice President of TowneBank since... read more
J. Morgan Davis President & Chief Banking Officer
J. Morgan Davis has served as President and Chief Banking Officer of TowneBank since July 2011. He served as President... read more
William B. Littreal Senior EVP and Chief Strategy & Investor Relations officer
Mr. William B. Littreal, also known as Bill, has been a Chief Strategy Officer and Senior Executive Vice President of... read more
Jeff Robertson Executive Vice President of Commercial Banking
Mr. Jeff Robertson has been Executive Vice President of Commercial Banking at TowneBank since July 2007. Mr. Robertson... read more
Vern Lockwood Executive Vice President of Commercial Lending
Mr. Vern Lockwood has been Executive Vice President of Commercial Lending of TowneBank since July 2015. Mr. Lockwood... read more
Dawn S. Glynn President of Townebank-Chesapeake, Portsmouth & Suffolk
Dawn S. Glynn has been President of Townebank-Chesapeake, Portsmouth & Suffolk at TowneBank since January 2014. Dawn S.... read more
William I. Foster III Director & President of Townebank of Virginia Beach
Mr. William I. Foster, III, also known as Bill, has been the President of Townebank of Virginia Beach at Towne Bank... read more
TowneBank Salaries
How much does TowneBank pay?
How much do people at TowneBank get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at TowneBank is $120,752, or $58 per hour, while the estimated median salary is $117,721, or $56 per hour.
At TowneBank, the highest paid job is a Director of Sales at $212,018 annually and the lowest is a CS Rep at $46,667 annually. Average TowneBank salaries by department include: Marketing at $123,638, Admin at $56,564, Sales at $139,444, and Product at $153,184. Half of TowneBank salaries are above $117,721.
18 employees at TowneBank rank their Compensation in the Bottom 20% of similar sized companies in the US (based on 52 ratings) while 17 employees at TowneBank rank their Perks And Benefits in the Bottom 15% of similar sized companies in the US (based on 17 ratings).
Salaries contributed from TowneBank employees include job titles like Marketing Manager. Comparably data has a total of 0 salary records from TowneBank employees.
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $68k | $68k | 1st Percentile |
17th Percentile $90k | $90k | 17th Percentile |
33rd Percentile $118k | $118k | 33rd Percentile |
50th Percentile $173k | $173k | 50th Percentile |
67th Percentile $227k | $227k | 67th Percentile |
83rd Percentile $244k | $244k | 83rd Percentile |
100th Percentile $291k | $291k | 100th Percentile |
$120,752*
Average Compensation
$117,721*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
TowneBank Salaries by Department
Diversity & Inclusion at TowneBank
The Diversity score provides insights into how diverse employees feel and rate their work experience at TowneBank across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
TowneBank Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
- Life Insurance
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Employee Stock Purchase Plan
Office Perks
- Work From Home Policy
- Unique Office Space
TowneBank PTO
TowneBank PTO policy is a critical component of the benefits package offered to employees.
Other than healthcare, which of the following benefits is most important to you?
Does your boss expect you to work when you're on vacation?
What do you estimate the cash value of your benefits to be? Healthcare, PTO, etc?
TowneBank Careers
TowneBank Jobs
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Frequently Asked Questions regarding TowneBank
What is TowneBank address?
TowneBank location is at 5716 High Street
Who is the CEO of TowneBank?
TowneBank CEO is G. Robert Aston, their score by employees is 76
What is TowneBank eNPS?
The eNPS for TowneBank is -27
What is TowneBank revenue?
TowneBank revenue is $444M
What is the salary for SysAdmin in TowneBank?
SysAdmin average salary in the US is 73k
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