Touchmark Bancshares Strengthens Leadership with New Directors
Touchmark Bancshares Announces New Board Appointments
Touchmark Bancshares, Inc. (OTC Pink: TMAK), the organization behind Touchmark National Bank, is pleased to share an important update regarding its board of directors. The appointments of Bradley Carroll and Todd Bailey to key leadership roles signify a step forward in enhancing governance and oversight within the bank.
Meeting Leadership Needs
Bradley Carroll will take the role of Audit Committee Chairman while Todd Bailey steps into the position of Asset Liability Committee Chairman for Touchmark National Bank. These appointments come at a time when effective leadership and governance are crucial for maintaining integrity within the financial sector.
Bradley Carroll: Audit Committee Chairman
With an extensive career of over 30 years in public accounting and internal auditing, Carroll brings invaluable experience to his new role. His background includes serving as the chief audit executive at State Bank Financial Corporation and leading the national practice for financial institutions at Frazier and Deeter, CPAs and Advisors. Carroll is recognized for his expertise and has shared his knowledge as a speaker at various conferences on fraud prevention, enterprise risk management, and compliance with professional standards.
Todd Bailey: Asset Liability Committee Chairman
Todd Bailey also presents a robust background with over 35 years dedicated to banking and financial services. His experience spans high-profile institutions including SunTrust Bank and the Federal Reserve Bank. Bailey has played a significant role in various financial strategies and initiatives, including being a founding member of Georgia Primary Bank. He recently concluded his career at Safe Systems Inc., which specializes in fintech solutions, before focusing on his consulting work.
Changes in Board Composition
The recent board adjustments also include the resignation of Byron Richardson, who served as the Lead Director. In stepping down, Richardson has opted to concentrate on pursuing opportunities within his consulting business. His contributions were significant, and Touchmark Bancshares expresses gratitude for his commitment over the years.
About Touchmark Bancshares, Inc.
Touchmark Bancshares, Inc. stands as the parent company for Touchmark National Bank, founded in 2008 and dedicated to serving the community. The bank has established itself in the financial sector with a solid commitment to local clients and businesses, ensuring their financial needs are met with high standards of service.
Financial Overview
As of the most recent reporting period, Touchmark Bancshares, Inc. showcased significant financial health, with total assets reported at $432 million and total equity amounting to $72 million. This reflects the bank's strong position within the market and its capability to serve its growing customer base effectively.
Frequently Asked Questions
What is Touchmark Bancshares, Inc.?
Touchmark Bancshares, Inc. is the holding company for Touchmark National Bank, offering banking services since 2008.
Who are the newly appointed directors?
Bradley Carroll and Todd Bailey have been appointed as the Audit and Asset Liability Committee Chairmen, respectively.
What are the responsibilities of the Audit Committee Chairman?
The Audit Committee Chairman oversees financial reporting and risk management for the bank.
How has the board changed recently?
Byron Richardson has resigned, while new positions were created for Carroll and Bailey to enhance leadership.
What financial position does Touchmark Bancshares hold?
The company holds total assets of $432 million and total shareholders' equity of $72 million, indicating robust financial health.
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