TowneBank Expands Its Corporate Management Group
October 25 2018 - 8:30AM
Hampton Roads based TowneBank (NASDAQ:TOWN) announced today the
expansion of its Corporate Management Group with the addition of
three new strategic leadership positions. On January 1, 2019, in
addition to current members G. Robert Aston, Jr., Executive
Chairman, J. Morgan Davis, President and CEO,
William B. Littreal, CFO, and Brad E. Schwartz, COO,
these three leaders will be added:
Brian K. Skinner - Chief Banking Officer. Skinner joined the
Towne family in 2007 and has served as Regional Executive Officer
of Peninsula/Williamsburg. With 28 years of banking experience, he
brings an extensive background of banking knowledge to his new
role. While maintaining our core values, he will be responsible for
the leadership and development of all community banking strategies.
Skinner will also work with the CEO to further the growth and
integration of all the controlled divisions and subsidiaries within
the Towne Financial Services Group.
Dawn S. Glynn – President, Retail and Private Banking. Glynn is
a founding member of Towne who has previously served as Director of
Private Banking and most recently as Regional Executive Officer for
Portsmouth/ Chesapeake/Suffolk. In this newly created position, she
will be responsible for the leadership and development of the Towne
private and retail banking network focusing on pursuing deposit
gathering activities, including treasury, merchant services, and
director engagement. She will also be responsible for the design,
implementation and administration of Towne’s sales incentive
plans.
William I. Foster – President, Commercial and Real Estate
Banking. Foster joined the Towne family in 2004 and has over 33
years of leadership experience in the banking industry. He will be
responsible for leading and developing the commercial and real
estate teams in pursuit of quality loan growth across the Towne
footprint in Virginia and North Carolina. He will also lead our
market presidents’ focus on lending and relationship
development.
“Our Towne family is blessed with the extraordinary level of
talent throughout the organization. With these additions, our
long-term Management Succession Plan can continue to evolve over
the next few years. I look forward to working with this expanded
management team in shaping a bright future for Towne,” stated Mr.
Aston.
About TowneBank:
As one of the top community banks in Virginia and North
Carolina, TowneBank operates 40 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 Raleigh, Cary, Charlotte, 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 Wealth Management, Towne Insurance Agency, Towne
Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage,
Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange,
LLC, and Towne Vacations. 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 $11.12 billion as of September 30, 2018,
TowneBank is one of the largest banks headquartered in
Virginia.
For more information contact:G. Robert Aston,
Jr., Executive Chairman, 757-638-6780J. Morgan Davis, President and
Chief Executive Officer, 757-673-1673Sara Jo Rubin, Rubin
Communications Group, 757-456-5212
Investor contact:William B. Littreal, Chief
Financial Officer, 757-638-6813
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