Where is Towerbank located?

Towerbank is headquartered in Panama City, Panama.

How many employees does Towerbank have?

As of May 31, 2026, the latest employee count at Towerbank is 298.

Is Towerbank a funded company?

Towerbank is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does Towerbank rank among its competitors?

Towerbank ranks 12th amongst 28 active competitors, none of which are funded.

Who are the top competitors of Towerbank?

Towerbank's top competitors include Scotiabank, Banistmo and Banco General. Among them, Scotiabank secured the most recent funding round in January, 2025.

Towerbank - 2026 Company Profile & Competitors

Towerbank is an unfunded company based in Panama City (Panama), founded in 1971. It operates as a Commercial bank. Towerbank has not raised any funding yet. The company has 28 active competitors, including 6 that have exited. Its top competitors include companies like Scotiabank, Banistmo and Banco General.

Company Details

Website: www.towerbank.com/
Social
Email ID: *****@towerbank.com
Phone Number: +507 **********

Key Metrics

Founded Year

1971

Location

Panama City, Panama

Stage

Unfunded

Ranked

12^th among 28 active competitors

Employee Count

298 as on May 31, 2026

Investment & Acquisitions

Phoenix Tower International & 2 more

Similar Companies

BMO & 19105 more

View Towerbank's full profile

Towerbank has not raised any funding rounds yet.

Towerbank's employee count trend

Towerbank has 298 employees as of May 26. Here is Towerbank's employee count trend over the years:

Uncover Towerbank's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Towerbank include Scotiabank, Banistmo and Banco General. Here is the list of Top 10 competitors of Towerbank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	75/100
2nd	Banistmo 2013, Panama City (Panama), Funding Raised	Commercial bank	-	IDB Invest	57/100
3rd	Banco General 1955, Panama City (Panama), Unfunded	Commercial bank	-	-	51/100
4th	Multibank 1990, Panama (Panama), Acquired	Commercial bank	-	HSBC, Sumitomo Mitsui Banking Corporation ... & 2 others	50/100
5th	Caja de Ahorros 1934, Panama City (Panama), Unfunded	Commercial bank	-	-	49/100
6th	St. Georges Bank 2002, Panama City (Panama), Unfunded	Commercial bank	-	-	45/100
7th	Banco Nacional 1911, Panama (Panama), Funding Raised	Commercial bank	-	-	44/100
8th	Banesco 2007, Panama City (Panama), Unfunded	Financial services provider offering banking solutions to businesses and individuals	-	-	39/100
9th	Grupo Promerica 1991, Panama (Panama), Funding Raised	Provider of financial services	-	Triodos Investment Management	38/100
10th	Global Bank 1994, Panama City (Panama), Funding Raised	Commercial bank	-	Citi, IDB Invest & 3 others	37/100
12th	Towerbank 1971, Panama City (Panama), Unfunded	Commercial bank	-	-	33/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Towerbank's competitors? Click here to see the top ones

Towerbank has made 3 investments including Phoenix Tower International, Phoenix Tower International and Phoenix Tower International. Towerbank has not made any acquisitions as of now.

Here is the list of its investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 04, 2018	Investments	Phoenix Tower International	2013	Boca Raton (United States)
Apr 19, 2017	Investments	Phoenix Tower International	2013	Boca Raton (United States)
May 11, 2015	Investments	Phoenix Tower International	2013	Boca Raton (United States)