Press Releases
2/17/2026 | Suffolk, VA
TowneBank welcomes Varun Chandhok as senior executive vice president and chief information officer. He is a member of the corporate management team based at the TowneBank headquarters in Suffolk.Chandhok brings decades of industry experience to TowneBank, most recently serving as the chief information officer at WesBanco Bank and the chief information and operations officer at Premier Bank. Prior to those roles, Chandhok had a 22-year career at M&T Bank, where he held multiple business-line CIO roles in technology leadership supporting several key areas, including consumer banking, commercial banking, and corporate functions. Chandhok received his undergraduate degree and MBA from Carnegie Mellon University.
“Varun is exceptionally well-equipped to further advance our technology strategy and champion our continued growth,” said Lee Clark, TowneBank senior executive vice president and chief operating officer. “We are excited to have him lead our very talented IT team and help expand our technology capabilities so we can continue providing exquisite service to our members and the Towne family.”
About TowneBank:
Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus on 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, TowneBank operates over 70 banking offices throughout Hampton Roads and Central Virginia, Eastern and Central North Carolina, the Greenville and upstate region of South Carolina, and Charleston, South 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. TowneBank has grown its capabilities beyond banking to provide expertise through its affiliated companies that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices RW Towne Realty, Towne 1031 Exchange, LLC, Towne Vacations, and Towne Trust Company, N.A. With the closing of its acquisition of Dogwood State Bank on January 12, 2026, TowneBank would have had total pro forma assets of approximately $22 billion as of December 31, 2025, making it one of the largest banks headquartered in Virginia. BACK TO NEWS