TowneBank Announces Retirement of Two Directors

March 27, 2024

https://www.globenewswire.com/news-release/2024/03/27/2853530/10357/en/TowneBank-Announces-Retirement-of-Two-Directors.html

SUFFOLK, Va., March 27, 2024 (GLOBE NEWSWIRE) — TowneBank (Nasdaq:TOWN) announced today that two long-serving members of its Board of Directors, Jacqueline B. Amato and Bradford L. Cherry, will step down from the Board and move to Emeritus status following the 2024 Annual Meeting of Shareholders.   Cherry is a founding director of TowneBank, having served as a director since TowneBank’s opening in 1999.   Amato joined TowneBank in 2000 to lead its successful entry into the residential mortgage lending business and was appointed to the Board that same year.

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