Retired SunTrust executive now with TowneBank
February 08, 2013
Reported in: Inside Business
By: Bill Cresenzo
The former president of SunTrust Bank Hampton Roads has joined the region's largest community bank.
Tommy Rueger, who has spent more than 40 years working in banks in Hampton Roads, is now a senior executive vice president at TowneBank, working out of the bank's Pavilion office in Virginia Beach.
Rueger, who retired last spring as president of SunTrust Bank Hampton Roads, said he will be working to help guide the bank's growth, possibly in markets outside of Hampton Roads, even though there are no plans right now to expand.
He said he and Bob Aston, chairman and CEO of TowneBank, have served on various committees together, including Eastern Virginia Medical School's board of trustees.
"Bob Aston began to paint pictures of how I might be able to contribute to TowneBank, and I guess the fact that I have been with a larger, regional bank for as many years could perhaps be beneficial to TowneBank as it continues to grow."
His new position is a part-time job.
Rueger said he expects to work two to three days a week and will sit on the bank's Executive Management Committee, its Credit Policy Committee and its Norfolk and Virginia Beach boards.
Suffolk-based TowneBank has $4.41 billion in assets and 25 branches.