Franklin Federal Savings Bank
| Status: | Inactive as of 01/02/2015 |
| Merger - Without Assistance | |
| Successor Bank: | TowneBank |
| Headquarters: | Franklin Federal Savings Bank 4501 Cox Road Glen Allen, VA 23060 |
| Established: | 01/01/1933 |
| FDIC Insurance: | 08/09/1989 |
| FDIC Cert: | #28798 |
| Charter Class: | Savings banks, state charter, supervised by the FDIC |
| Total Assets: | $1,079,060,000 |
| Total Deposits: | $698,151,000 |
History
| 1933-01-01 | Institution established: Original name:Franklin Federal Savings and Loan Association | |
| 1994-09-19 | Moved bank headquarters from RICHMOND, VA to GLEN ALLEN, VA | |
| 1996-02-14 | Changed name to Franklin Federal Savings and Loan Association of Richmond | |
| 2001-08-14 | Changed organization type to STOCK SAVINGS & LOAN | |
| 2009-04-25 | Changed name to Franklin Federal Savings Bank | |
| 2011-07-21 | Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY | |
| 2015-01-02 | Merged into and subsequently operated as part of Towne Bank (35095) in PORTSMOUTH, VA | |
| 2016-06-25 | Acquired Monarch Bank (34945) in CHESAPEAKE, VA | |
| 2018-01-26 | Acquired Paragon Commercial Bank (35100) in RALEIGH, NC | |
| 2022-11-15 | Changed name to TowneBank. | |
| 2023-01-13 | Acquired Farmers BankTowneBank (2429) in WINDSOR, VA. |