TowneBank Promotes Morrison and Miller
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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US:NASDAQ Investor Relations:
investor.townebank.com
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Source: GlobeNewswire
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. The moves come as part of the Company’s new board-approved leadership succession plan. As head of Towne Financial Services Group, Morrison will oversee the Company’s non-banking lines of business, including residential mortgage, insurance, real estate brokerage, wealth management, and vacation property management. He also will join Towne’s Corporate Management Group, which consists of the Company’s senior executive leadership team. Morrison has served as chairman and chief executive officer of the Company’s mortgage division since the merger in 2016 with Monarch Bank, where he had held a similar position at Monarch Mortgage. A graduate of Old Dominion University with over 35 years of lead
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