New president and CEO of Towne Financial Services Group named

Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday.

His new duties include overseeing the company’s mortgage, insurance, realty and wealth management divisions, which account for more than 40% of TowneBank’s total revenues.

“We recognize the financial services industry is changing rapidly and allowing one of our most talented leaders to devote more time to these important lines of business will position the Company to further accelerate growth,” J. Morgan Davis, president and CEO of TowneBank, said in a statement.

Skinner has been with TowneBank since 2007 and previously served as president of TowneBank for the peninsula region. He will report directly to the CEO and will continue to serve on the company’s corporate management team.

Founded in 1999, TowneBank now has 40 branch offices throughout Hampton Roads and Central Virginia and in North Carolina, and it had total assets of $14.63 billion as of Dec. 31, 2020.

“Brian is one of the hardest working and most capable members of the Towne family, and I am delighted he will be leading this important area of our Company,” G. Robert Aston Jr., TowneBank’s chairman, said in a statement.