2/21/21
SUFFOLK, Va., Feb. 19, 2021 (GLOBE NEWSWIRE)
TowneBank (Nasdaq: Town) today reported that its wholly-owned insurance brokerage subsidiary, Towne Insurance Agency, has expanded its Executive Management Team in a move designed to accelerate the strategic development of the agency throughout Virginia, North Carolina and the southeastern United States.
Effective February 16, 2021,
W. Douglas Russell joined the Towne Insurance team as President and Chief Executive Officer, succeeding F. Dudley Fulton who will remain with the company as President Emeritus serving in a consulting capacity focused on agency acquisitions.
Russell, 58 years of age with over 35 years of insurance industry experience, has held leadership positions with Henderson & Phillips, Inc., USI Insurance Services, Thomas Rutherfoord, Inc., Marsh & McLennan Agency, and most recently as President of Core Assurance Partners headquartered in Virginia Beach, Virginia.
Towne Insurance Agency Announces Expanded Executive Management Team and Naming of New President and Chief Executive Officer
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Towne Insurance Agency Announces Expanded Executive Management Team and Naming of New President
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