Press Releases
3/2/2026 | Suffolk, VA
TowneBank and Dogwood State Bank, A Division of TowneBank, welcome David Lominack as President of South Carolina. A respected industry leader across The Palmetto State, Lominack is based in Greenville, South Carolina, and takes the helm of the bank’s newest markets, added through its partnership with Dogwood, effective January 12, 2026.Lominack brings decades of industry experience to the newly joined banks, most recently serving as South Carolina Market President for TD Bank. Lominack received his bachelor’s degree in business administration from Presbyterian College and is a graduate of the Stonier Graduate School of Banking, Leadership Greenville, the Diversity Leadership Initiative at Furman University, and is a Liberty Fellow.
Active in his community, Lominack serves on the Executive Committee and Board of Directors of United Way of Greenville County. He is past board chair for the South Carolina Bankers Association, the South Carolina Chamber of Commerce, the United Way of Greenville County, and the Greenville Chamber of Commerce, as well as past co-chair for Greenville County’s Racial Equity and Economic Mobility Commission (REEM).
“David is exceptionally well-regarded as both a financial services and community leader, and we are thrilled to welcome him to the Towne family,” said William I. “Billy” Foster III, TowneBank President & CEO. “He will play a critical role in leading Dogwood markets that will become a permanent part of TowneBank later this year.”
“Adding David to the team is key to our success in South Carolina,” said TowneBank Carolinas President Steve Jones. “His leadership and expertise will be critical as we grow our presence and continue to invest in markets across the state.”
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