TowneBank Names Clark as Chief Operating Officer

TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) is pleased to announce the promotion of R. Lee Clark to Chief Operating Officer. In this role, Clark will have responsibility for bank operations and continue to oversee human resources. He will also become a member of the Corporate Management Group.
 
With three decades of experience in financial services, Clark joined the TowneBank family in 2006 as a senior business analyst and went on to leadership roles in loan administration and banking operations before taking over as chief human resources officer in 2019. He received a Bachelor of Business Administration in finance from the College of William & Mary and a Master of Business Administration from the Strome College of Business at Old Dominion University.
 
Regarding Clark’s appointment, President and Chief Executive Officer Billy Foster shared, “Throughout his career at TowneBank, Lee has led with a steady hand and calm demeanor. His operational experience at TowneBank, track-record of consistent follow-through, and commitment to our culture of caring make him ideally suited to lead our knowledgeable and experienced operations group.”
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