G. Robert Aston Jr.
About G. Robert Aston Jr.
Executive Chairman of TowneBank: G. Robert Aston Jr.
G. Robert Aston Jr. serves as the Executive Chairman of TowneBank, a position reflecting his pivotal role in the company's inception and continued leadership. Aston's vision for a community-focused financial institution began in 1998 and culminated in the founding of TowneBank in 1999. His leadership has been integral to the bank's growth and recognition in the financial industry.
Founding of TowneBank
TowneBank was founded by G. Robert Aston Jr. in 1999, with its roots tracing back to a dream envisioned in 1998. The bank started with three offices and initial capital contributions from over 4,000 shareholders. From its humble beginnings in a two-car garage in Portsmouth, VA, TowneBank has expanded significantly, emphasizing community involvement and customer-focused services.
TowneBank's Industry Recognition
Under the leadership of G. Robert Aston Jr., TowneBank has received significant industry accolades. Forbes Magazine recognized TowneBank as one of America's Best Banks, while American Banker Magazine honored it as Virginia’s Best Bank to Work For. These recognitions reflect the bank's commitment to excellence and a positive work environment.
TowneBank's Community Involvement and Financial Performance
TowneBank has demonstrated a strong commitment to community support and financial performance. As of year-end 2022, the bank has made equity investments totaling $193.8 million and charitable donations amounting to $13.6 million. TowneBank employees have also contributed over 7,900 volunteer hours, showcasing their dedication to community service. The bank operates 51 banking offices across Hampton Roads, Central Virginia, and Northeastern and Central North Carolina.
TowneBank's FDIC Rating
TowneBank has consistently met high standards of financial stability and service excellence. Since 1999, the bank has earned an outstanding rating six times from the Federal Deposit Insurance Corporation (FDIC). This rating underscores TowneBank's robust financial health and its adherence to regulatory requirements.