TowneBank Names Brad E. Schwartz President and Chief Operating Officer
TowneBank (NASDAQ: Towne) announced today that its Board of
Directors has elected Brad Schwartz as President and Chief
Operating Officer succeeding J. Morgan Davis who will continue to
serve as Chief Executive Officer of the Company.
“Brad joined our Towne family in 2016 with the
merger of Towne and Monarch Bank, where he served as Chief
Executive Officer. Since that time, he has played a significant
role in the enhancement of our operational capabilities as well as
his contribution to the more than doubling of our company’s assets
and earnings since 2016,” said G. Robert Aston, Jr., Executive
Chairman of the Board of Directors.
Schwartz has a B.S. in Business Administration
from Longwood University, a Master of Business Administration from
University of Richmond and is a graduate of Stonier Graduate School
of Banking at Georgetown University.
He is a past member of the Board of Directors of
the Federal Reserve Bank of Richmond, the Board of Visitors of
Longwood University, and is a current member of the Board of
Directors of the Virginia Bankers Association.
Founded in 1999, TowneBank is a company built on relationships,
offering a full range of banking and other financial services, with
a mission of serving others and enriching lives. Dedicated to a
culture of caring, Towne values all employees and members by
embracing their diverse talents, perspectives, and experiences.
Today, the bank operates over 40 banking offices throughout
Hampton Roads and Central Virginia, as well as Northeastern and
Central North Carolina – serving as a local leader in promoting the
social, cultural, and economic growth in each community. Towne
offers a competitive array of business and personal banking
solutions, delivered with only the highest ethical standards.
Experienced local bankers providing a higher level of expertise and
personal attention with local decision-making are key to the
TowneBank strategy. Towne has grown its capabilities beyond banking
to provide expertise 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. With total assets of $15.80 billion as of June 30, 2021,
TowneBank is one of the largest banks headquartered in
For more information,
G. Robert Aston, Jr. 757-418-2700 J. Morgan Davis
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