Piedmont (United States)

TowneBank Names Clark as Chief Operating Officer

Retrieved on: 
Thursday, January 5, 2023

SUFFOLK, Va., Jan. 05, 2023 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) is pleased to announce the promotion of R. Lee Clark to Chief Operating Officer.

Key Points: 
  • SUFFOLK, Va., Jan. 05, 2023 (GLOBE NEWSWIRE) -- TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) is pleased to announce the promotion of R. Lee Clark to Chief Operating Officer.
  • With three decades of experience in financial services, Clark joined the TowneBank family in 2006 as a senior business analyst and went on to leadership roles in loan administrations and banking operations before taking over as chief human resources officer in 2019.
  • Regarding Clark’s appointment, Chief Executive Officer Billy Foster shared, “Throughout his career at TowneBank, Lee has led with a steady hand and calm demeanor.
  • With total assets of $15.95 billion as of September 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

TowneBank Announces Timing of Closing of Farmers Bank Merger

Retrieved on: 
Friday, December 16, 2022

SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as originally scheduled.

Key Points: 
  • SUFFOLK, Va. and WINDSOR, Va., Dec. 16, 2022 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (Nasdaq: TOWN) and Farmers Bankshares, Inc. (OTCPK: FBVA), the parent company of Farmers Bank, Windsor, Virginia, announced today that they expect to complete their merger in early January 2023 as originally scheduled.
  • Dedicated to a culture of caring, TowneBank values all employees and members by embracing their diverse talents, perspectives, and experiences.
  • Headquartered in Windsor, Virginia, Farmers Bankshares, Inc. is the holding company for Farmers Bank, Windsor, Virginia.
  • Farmers Bank was founded in 1919 and is a community bank which operates eight branches and services areas throughout Tidewater, Virginia.

TowneBank Announces Quarterly Cash Dividend

Retrieved on: 
Monday, November 28, 2022

The amount and declaration of future cash dividends are subject to Board of Directors approval in addition to regulatory restrictions.

Key Points: 
  • The amount and declaration of future cash dividends are subject to Board of Directors approval in addition to regulatory restrictions.
  • Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives.
  • Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy.
  • With total assets of $15.95billion as of September30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

TowneBank Announces Retirement and Transition of President and Chief Operating Officer Roles

Retrieved on: 
Wednesday, November 23, 2022

SUFFOLK, Va., Nov. 23, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) announced today that Brad E. Schwartz, Townes president and chief operating officer, will retire from the Company on December 31, 2022.

Key Points: 
  • SUFFOLK, Va., Nov. 23, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) announced today that Brad E. Schwartz, Townes president and chief operating officer, will retire from the Company on December 31, 2022.
  • Following his retirement at year end, Mr. Schwartz will serve as a senior advisor through 2025 to ensure a smooth transition of his roles and responsibilities.
  • Mr. Schwartz joined Towne in 2016 as chief operating officer with the merger of Monarch Bank, where he served as chief executive officer since 2009.
  • With total assets of $15.95 billion as of September 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

UB Bancorp Releases Results for the Quarter and Nine Months Ended September 30, 2022

Retrieved on: 
Friday, October 21, 2022

UB Bancorp (OTCQX: UBNC), (the Company) the parent of Union Bank (the Bank), is pleased to report its results for the quarter and nine months ended September 30, 2022.

Key Points: 
  • UB Bancorp (OTCQX: UBNC), (the Company) the parent of Union Bank (the Bank), is pleased to report its results for the quarter and nine months ended September 30, 2022.
  • The Companys return on average assets and average tangible equity (*) for the third quarter of 2022 was 1.05% and 17.25%, respectively.
  • Net pretax revenue from PPP fees totaled $8,000 for the three-month period ended September 30, 2022, versus $632,000 during the third quarter of 2021.
  • Our level of nonperforming assets relative to total assets was 0.06% at the end of the third quarter of 2022.

LOCAL ALWAYS BEST CARE OWNER EXPANDS TERRITORY IN CENTRAL NORTH CAROLINA

Retrieved on: 
Wednesday, October 19, 2022

ROSEVILLE, Calif., Oct. 19, 2022 /PRNewswire/ -- Always Best Care Senior Services, one of the leading senior care franchise systems in the United States, announced today that existing franchisee Samantha Loy has expanded her coverage area once again, acquiring the existing territory of Always Best Care of Greensboro and High Point, North Carolina. The agency has been successfully serving residents of Jamestown, Summerfield and Guilford Counties since 2020, and Loy looks forward to continuing to provide exceptional senior care services to these communities.

Key Points: 
  • Senior Care Business Owner in Burlington and Chapel Hill Adds to Her Portfolio, Acquires Always Best Care of Greensboro and High Point
    ROSEVILLE, Calif., Oct. 19, 2022 /PRNewswire/ -- Always Best Care Senior Services, one of the leading senior care franchise systems in the United States, announced today that existing franchisee Samantha Loy has expanded her coverage area once again, acquiring the existing territory of Always Best Care of Greensboro and High Point, North Carolina.
  • Loy has been immersed in the Always Best Care business since 2012 when she began working at her mother's Burlington location, which is now Always Best Care of Alamance.
  • In 2019, Loy expanded her territory by acquiring Always Best Care of Chapel Hill & Durham.
  • Always Best Care is one of the nation's leading providers of non-medical in-home care and assisted living referral services, with skilled home health care in limited markets.

TowneBank Promotes Morrison and Miller

Retrieved on: 
Thursday, October 13, 2022

SUFFOLK, Va., Oct. 13, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) announced today the promotions of William T. Morrison to president and chief executive officer of Towne Financial Services Group and James M. Miller to chief executive officer of TowneBank Mortgage.

Key Points: 
  • SUFFOLK, Va., Oct. 13, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) announced today the promotions of William T. Morrison to president and chief executive officer of Towne Financial Services Group and James M. Miller to chief executive officer of TowneBank Mortgage.
  • Miller has served as president of TowneBank Mortgage since 2019 and will continue to hold that title in his new leadership position.
  • We are fortunate to have his continued and expanded leadership at the helm of TowneBank Mortgage and with our mortgage joint ventures.
  • With total assets of $16.86 billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

TowneBank Promotes Skinner, Davis and Wallace

Retrieved on: 
Tuesday, October 11, 2022

Matt Davis will become the president and regional banking director for North Carolina, including the Triangle, Charlotte, Triad and Greenville markets.

Key Points: 
  • Matt Davis will become the president and regional banking director for North Carolina, including the Triangle, Charlotte, Triad and Greenville markets.
  • After the merger, Davis served as president of Paragons legacy North Carolina markets and was selected as the Companys chief strategy and risk officer in 2019.
  • Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy.
  • With total assets of $16.86 billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

TowneBank Promotes Dawn S. Glynn

Retrieved on: 
Monday, October 3, 2022

SUFFOLK, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) is pleased to announce the selection of Dawn S. Glynn as the leader of the banks new Corporate Services Group.

Key Points: 
  • SUFFOLK, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) -- TowneBank (the Company or Towne) (Nasdaq: TOWN) is pleased to announce the selection of Dawn S. Glynn as the leader of the banks new Corporate Services Group.
  • As a founding officer of TowneBank, Dawn is an exceptional heart led leader who exemplifies the caring spirit of our Towne family in everything she does.
  • Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy.
  • With total assets of $16.86 billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.

TowneBank Names Chief Executive Officer Successor

Retrieved on: 
Friday, August 26, 2022

Foster, III to succeed J.Morgan Davis when he steps down as Chief Executive Officer on December 31, 2022.

Key Points: 
  • Foster, III to succeed J.Morgan Davis when he steps down as Chief Executive Officer on December 31, 2022.
  • Since that time he has served in several executive roles, including his current role as President of the Banks markets in Central Virginia and North Carolina.
  • Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy.
  • With total assets of $16.86billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.