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Home News Regions Central Virginia TowneBank picks Gateway Plaza for its Richmond headquarters

TowneBank picks Gateway Plaza for its Richmond headquarters

Published May 19, 2015 by Veronica Garabelli

TowneBank plans to locate its Richmond headquarters in the 18-story Gateway Plaza building being completed in the city’s downtown business district.

TowneBank Richmond will occupy about 26,000 square feet of space with a retail banking center and a commercial and private banking center located in the first-floor lobby. 

The bank’s executive offices and a boardroom will be on the seventh floor, which has a 1,400-square-foot terrace overlooking the James River.

The move to Gateway Plaza is “a symbol of our long-term commitment to being a community asset in Richmond,” G. Robert Aston Jr., chairman and CEO of Hampton Roads-based TowneBank, said in a statement.

The bank recently moved into the Richmond-area market with its acquisition of Franklin Financial Corp., the parent company of 80-year-old Franklin Federal Savings Bank.

TowneBank had total assets of $5.83 billion as of March 31. It operates 37 banking offices in Virginia and North Carolina.

Gateway Plaza is being developed by Chicago-based developer Clayco.  Other major tenants include the law firm McGuireWoods and CCA Industries.

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