Press Releases
9/10/2026 | Richmond, VA
TowneBank announces the promotion of Matthew Scott to regional president of its Richmond market, effective September 1, 2026. In this role, he will oversee banking operations across the City of Richmond and neighboring counties, ensuring continued exquisite service for our members and the bank’s ongoing growth and positive impact on the region.Selected as one of the first TowneBank Richmond family members in 2014, Scott has served as senior vice president and private banker in the region since the bank opened its doors in Richmond in 2015. He is a graduate of James Madison University and Leadership Metro Richmond. In the community, he serves on the board and executive committee of the Virginia K-12 Partnership and is a past president of AccessNOW.
Scott was appointed to the role to succeed T. Patrick “Pat” Collins, who has served as the inaugural president of TowneBank in Richmond since 2014. Under his leadership, TowneBank has grown to $2.2 billion in regional deposits and risen to #5 in deposit market share.
“Matthew has been instrumental to the bank’s success in Richmond, where he has led efforts to grow our portfolio of professional practices,” says Brian Skinner, President of TowneBank Virginia. “We extend our deepest appreciation to Pat for his contributions as he passes the torch. We look forward to continuing the TowneBank mission to serve as a local leader in promoting the social, cultural, and economic growth of the region under Matthew’s leadership.”
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, and Towne Trust Company, N.A. With total assets of $22.62 billion as of June 30, 2026, TowneBank is one of the largest banks headquartered in Virginia. BACK TO NEWS