Letter from our Chairman
Bob Aston
Dear Friends,
As we entered the New Year, Mother Nature took us on a journey of long, dark, and frigid days leaving us pining for spring.
Soon, the earth will begin to warm, the birds will begin to chirp, and the countryside will be filled with the sounds of tractors beginning to break ground for yet another farming season.
Here at Towne, we will enter spring with abundant optimism for accelerated growth for this year fueled by the many accomplishments achieved during those frosty days of winter.
On January 12, Dogwood State Bank officially joined our Towne family, bringing $2.5 billion of assets to our balance sheet. More importantly, Dogwood brings an extraordinarily talented team led by Steve Jones, their CEO, along with numerous new markets in North and South Carolina. Steve will serve as our President for the Carolinas.
Subsequently, we were also blessed to attract an exceptional South Carolina banker, David Lominack, to join our Towne family as President for South Carolina. Dogwood also brings an established SBA lending team that will expand opportunities to more small businesses across Virginia and the Carolinas.
We achieved another milestone during the first weekend of February with the completion of the Old Point National Bank operational conversion bringing the outstanding Old Point team fully onto the TowneBank systems.
I am especially proud of Lee Clark and our entire conversion team who gave up their weekend with their families to deliver amazing results in what has been a months’ long project.
For all of our loyal Towne members, the addition of Dogwood and Old Point, as well as Village Bank in April of last year, will make available 23 new branch locations across the Carolinas and Virginia.
These locations include Winston-Salem, Wilmington, Morehead City, Fayetteville, Raleigh, and Sanford in North Carolina, as well as Charleston, Greenville, Anderson, Seneca, Walhalla, Westminster and Williamston in South Carolina. Additionally, we are excited to add Towne Trust Company to the wide array of services available to our Towne members.
The success of our company is a direct result of the loyalty and support of the communities we serve. We sincerely thank you for your consideration of our Towne Family of companies to serve you with all of your financial and insurance needs.
Most Sincerely,
G. Robert Aston Jr.
Executive Chairman
Investment and Insurance products are Not a deposit, Not FDIC-insured, Not guaranteed by TowneBank, Not insured by any state or federal government agency, subject to risk and may go down in value.
The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. Towne Trust Company cannot guarantee that it is accurate, up to date, or appropriate for your situation. You are encouraged to consult with a qualified attorney, accountant, or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.