Touchmark Bancshares Announces Executive Leadership Changes
Touchmark Bancshares, Inc., the parent company of Touchmark National Bank, has made significant changes to its executive and senior leadership team. This strategic move aims to enhance business operations and compliance as the bank strengthens its market position.
New Leadership Team Members
Touchmark Bancshares has welcomed Addam Taussig as the Executive Vice President and Chief Lending Officer. In his new role, Taussig will oversee all business development and sales initiatives. His experience spans over 30 years in commercial banking, with a focus on serving large and mid-size regional banks. Previously, Taussig was a Corporate Banking Executive for Regions Bank, where he developed financial solutions for middle-market companies.
Changes in the Credit Administration
With Tesula Stewart stepping down from her position as Executive Vice President and Chief Credit Officer to pursue new opportunities in consulting and public service, Steve Schaefer has taken over the responsibilities within the Credit Administration. Schaefer brings 27 years of extensive credit administration experience from various banking environments, most recently serving as a Portfolio Manager for First Horizon Bank, where he oversaw a $350 million loan portfolio.
Focus on Risk Management
Chuck Shaw, who joined Touchmark in May, has been promoted to Senior Vice President and Senior Risk Management Officer. He will be in charge of handling all aspects of risk management and compliance within the organization. Shaw has 35 years of experience in BSA, regulatory compliance, and risk management, previously working as a Senior Vice President and BSA Officer at The Piedmont Bank.
Comments from Leadership
Robert "Bobby" Krimmel, President and CEO of Touchmark National Bank, expressed enthusiasm about the new additions, noting how they will help address regulatory concerns and improve growth strategies for the future. Krimmel highlighted the importance of strong leadership in navigating the complexities of the banking environment and enhancing loan and deposit growth.
The Road Ahead for Touchmark Bancshares
Touchmark Bancshares is committed to enhancing its position within the community banking sector by focusing on innovative strategies in growth and compliance. As the bank strengthens its leadership, it also aims to improve its operational capabilities and community engagement. With the new executive team in place, Touchmark is poised for a positive transformation that will have lasting impacts on its services.
About Touchmark Bancshares, Inc.
Touchmark Bancshares, Inc. serves as the holding entity for Touchmark National Bank, a community bank founded in 2008. Headquartered in Alpharetta, Georgia, it provides banking services to several counties. Touchmark prides itself on being a community bank dedicated to serving the needs of its customers. As of the latest financial reports, the bank has total assets of approximately $426 million, with total shareholders' equity standing at $73 million.
Frequently Asked Questions
What changes have been announced at Touchmark Bancshares?
Touchmark Bancshares announced the addition of Addam Taussig as Executive Vice President and Chief Lending Officer, with Steve Schaefer taking over credit administration responsibilities and Chuck Shaw overseeing risk management.
What is the professional background of Addam Taussig?
Addam Taussig has over 30 years of leadership experience in commercial banking, previously serving as a Corporate Banking Executive for Regions Bank.
Who assumes the role of Chief Credit Officer?
Steve Schaefer has stepped into the role of Chief Credit Officer following Tesula Stewart's departure from the company.
How does Chuck Shaw’s experience benefit Touchmark?
Chuck Shaw brings over 35 years of experience in risk management and compliance, which will support Touchmark’s focus on regulatory adherence.
What’s the future focus for Touchmark Bancshares?
Touchmark Bancshares is focused on strengthening its market position through strategic growth, improved compliance practices, and community engagement.
