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TowneBank Signs Lease for Branch at Libbie Mill - Midtown

Posted by   admin on    July 14, 2016

HENRICO CO., VA. – TowneBank has signed a lease to locate a banking office at Libbie Mill-Midtown, the largest revitalization project in Henrico’s 400-year history.

The recently-signed agreement between the bank and Gumenick Properties, the community’s developer, provides for the bank to occupy almost 2,700 square feet of space at 4901 Libbie Mill E. Blvd. Located near the community’s entrance on Staples Mill Road, the branch will be in an already-completed building. The office is expected to open in the fourth quarter of this year. It will replace the existing Azalea Office on Brook Road in Richmond.

“TowneBank is excited about our newly planned banking center at Libbie Mill-Midtown,” said Pat Collins, President, TowneBank Richmond. “We are pleased to be a part of this great mixed-use development as Gumenick Properties works to revitalize this important community. We look forward to providing our full array of financial products and services, including commercial loans, consumer loans, deposit products, insurance and investments to name a few, to the businesses and individuals that make the community around Libbie Mill-Midtown their home or office.”

TowneBank joins a growing list of organizations that have chosen Libbie Mill-Midtown as their home. These groups include: Richmond Memorial Health Foundation; the Libbie Mill Library; Rutherfoord, a Marsh and McLennan Agency, LLC Company; Shagbark Restaurant and Gumenick Properties.

Libbie Mill-Midtown will be unique, existing as both a thriving local community and a regional destination. Its Midtown location is convenient to Richmond, western Henrico and major roadways, including I-64 and I-95. A walkable, live-work-play community, Libbie Mill- Midtown is approved for up to 994 homes for sale and 1,096 apartments. The neighborhood also will have a total of about 200,000 square feet of commercial space. It is estimated to take about 10 years to complete.

About TowneBank

As one of the top community banks in Virginia and North Carolina, TowneBank operates 37 banking offices serving Chesapeake, Chesterfield County, Glen Allen, Hampton, James City County, Mechanicsville, Newport News, Norfolk, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg, and York County in Virginia, along with Moyock, Grandy, Camden County, Southern Shores, Corolla and Nags Head in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, Beach Properties of Hilton Head and Oak Island Accommodations. Local decision-making is a hallmark of its hometown banking strategy that is delivered through the leadership of each group’s President and Board of Directors. With total assets of $6.37 billion as of March 31, 2016, TowneBank is one of the largest banks headquartered in Virginia.

About Gumenick Properties

Based in Henrico County, Gumenick Properties is an award-winning real estate development and management company with operations throughout the Southeast. Founded in the late 1940s, the company engages in two primary lines of business – apartment and commercial space development and community operations, and homebuilding. The company owns and operates investment properties in Florida and Virginia. In addition, the company currently is engaged actively in the creation of two new-home communities, Grayson Hill and Monument Square. Both are in Henrico County. Learn more about Gumenick Properties and Libbie Mill-Midtown at  and