TowneBank

Financial Services · Suffolk, VA · 2800 employees · Led by William I. Foster III, CEO

Certifications

Most Loved Workplace®

SPARK benchmark

Validated scores publishing when the 2026 research cycle closes

The Story

Why TowneBank is Most Loved

TowneBank is a Suffolk, Virginia-based bank that started in 1999 and provides a full range of banking and other financial services. It operates nearly 70 banking offices throughout Hampton Roads, Central Virginia, and Northeastern and Central North Carolina.

Best Practice Institute

Best Practice Institute is the research organization behind Most Loved Workplace® certification, the SPARK Model, the Love of Workplace Index®, and The Workplace Report.

The Workplace Report

The Workplace Report is BPI's original workplace culture research and editorial briefing series for CEOs, CHROs, people leaders, talent leaders, and employer-brand teams. It turns BPI's 25 years of research, Most Loved Workplace® certification data, SPARK findings, and current workforce signals into practical analysis leaders can use.

The report format includes executive summaries, research-backed articles, company examples, methodology notes, and practical implications for retention, hiring, culture, leadership, and employee experience. New research and analysis is published on an ongoing editorial cadence at /workplace-report.