The $15.8 billion-asset bank said in a press
release Friday that Brad Schwartz had taken on the role, succeeding J. Morgan
Davis. Schwartz will remain TowneBank’s chief operating officer.
Davis will remain CEO.
Schwartz was CEO of Monarch Bank when it was
sold to TowneBank in 2016.
Schwartz “has played a significant role in the
enhancement of our operational capabilities as well as his contribution to the
more than doubling of our company’s assets and earnings,” G. Robert Aston Jr.,
TowneBank’s executive chairman, said in the release.
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