TowneBank Celebrates 50th Branch at North Ridge Ribbon Cutting
After opening our doors to the North Ridge community in November, TowneBank held the official ribbon cutting of its 50th banking center at an event on January 25, 2024.
An audience of over 150 people enjoyed remarks from Brian Reid, president of TowneBank Triangle; Matt Davis, president and regional banking director for TowneBank in North Carolina; Scot McAlexander, TowneBank market executive for North Ridge; Doug Russell, president and CEO of Towne Insurance; and North Carolina Bankers Association president and CEO Peter Gwaltney, who shared, “North Carolina's banking industry is strong, growing, and vibrant, just like our state's economy. It's exciting to see so many of our North Carolina Bankers Association members opening new offices across the state to reach new markets.”
The two-story building offers personal, commercial, and private banking on the first floor. Towne Insurance has its Raleigh headquarters on the second floor, with risk advisors who offer a full suite of business and personal coverage options as well as benefits consultants who provide group health coverage, dental and vision coverage, and self-funded solutions. The wealth management team also has offices at this location.
In keeping with the bank’s tradition of giving back, TowneBank presented charitable donations to non-profit youth soccer organization North Carolina FC Youth and North Raleigh Ministries, which equips families and individuals in crisis with the resources and skills they need to achieve stability.
Bob Aston, TowneBank executive chairman; Matt Davis, TowneBank NC president; Peter Gwaltney, NC Bankers Association president & CEO; Brian Reid, TowneBank Triangle president; Scot McAlexander, TowneBank North Ridge market executive; and Billy Foster, TowneBank president & CEO, (l. to r.) participated in the ribbon cutting to open the North Ridge office.