Transformative Leadership Changes at Touchmark Bancshares
Touchmark Bancshares, Inc. (OTCID Basic Market: TMAK), the parent company of Touchmark National Bank, is embracing new leadership changes aimed at bolstering its strategic growth initiatives. In a recent announcement, the organization revealed that Addam Taussig has stepped into the role of Executive Vice President and Chief Lending Officer, where he will oversee crucial business development and sales efforts.
Key Appointments Strengthen the Team
Alongside Taussig, several other leadership adjustments were unveiled. Tesula Stewart, previously the Executive Vice President and Chief Credit Officer, has decided to leave her position to pursue consulting and public service opportunities. This transition opens the door for Steve Schaefer, who joined the bank in August 2025 as Senior Vice President and Senior Credit Officer. He is now stepping into the leadership role of Credit Administration. Chuck Shaw, who became a part of Touchmark in May 2025, has also been promoted to Senior Vice President and Senior Risk Management Officer, taking charge of risk management and compliance functions.
Vision for Future Success
Robert "Bobby" Krimmel, the President and Chief Executive Officer of Touchmark National Bank, expressed optimism regarding these changes. He stated that the integration of experts like Taussig, Schaefer, and Shaw enhances the bank's capabilities across critical areas such as business development, sales, credit administration, compliance, and risk management. Krimmel emphasized that Taussig's leadership will be pivotal in reinforcing the bank's strategies related to loans and deposits, ultimately fostering increased growth.
Individual Leader Profiles
Addam Taussig: A Wealth of Experience
Addam Taussig brings over three decades of rich experience in commercial banking, highlighting a career that spans various sizeable regional banks in the Atlanta metropolitan area. Before joining Touchmark, he held the position of Corporate Banking Executive at Regions Bank, where he offered financial solutions to middle-market enterprises and played a vital role in mentoring emerging banking professionals.
Steve Schaefer: Credit Administration Expert
Steve Schaefer's extensive background encompasses over 27 years in credit administration, working with both community and larger regional banks. At his former position as Portfolio Manager at First Horizon Bank, he oversaw a loan portfolio exceeding $350 million, showcasing his considerable expertise in managing financial risk.
Chuck Shaw: Risk Management Veterans
Chuck Shaw has accumulated 35 years of experience in BSA, regulatory compliance, and risk management within community banking. His previous roles included Senior Vice President and BSA Officer at The Piedmont Bank, where he contributed significantly to enhancing their BSA programs, thereby ensuring robust regulatory practices.
About Touchmark Bancshares and Its Vision
Founded in 2008, Touchmark Bancshares, Inc. serves as the holding entity for Touchmark National Bank, a community bank dedicated to meeting the banking needs of its diverse client base across various counties. As of the latest financial report, Touchmark boasts total assets of approximately $426 million alongside total shareholders' equity of $73 million. The bank has established a solid foundation aimed at facilitating community growth and trust through its banking services and commitment to service excellence.
Frequently Asked Questions
What prompted the leadership changes at Touchmark Bancshares?
Touchmark Bancshares is undergoing leadership changes to strengthen its capabilities in business development, risk management, and compliance for future growth.
Who are the key new leaders at Touchmark Bancshares?
The new leaders include Addam Taussig as Executive Vice President and Chief Lending Officer, Steve Schaefer as Senior Vice President and Senior Credit Officer, and Chuck Shaw as Senior Vice President and Senior Risk Management Officer.
What experience does Addam Taussig bring to Touchmark?
Addam Taussig has over 30 years of experience in commercial banking, working with notable regional banks in the Atlanta area, enhancing business solutions for middle-market companies.
What is the financial status of Touchmark Bancshares?
Touchmark Bancshares reported total assets of $426 million and total shareholders' equity of $73 million, indicating a strong financial position in the community banking sector.
How is Touchmark aiming to improve its growth strategies?
Touchmark intends to enhance its loan and deposit growth strategies through strategic leadership and ongoing recruitment of key team members to address regulatory concerns and strengthen its operations.
