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EXECUTIVE CHAIRMAN, TOWNEBANK, SUFFOLK
Photo by Mark Rhodes
Photo by Mark Rhodes
EXECUTIVE CHAIRMAN, TOWNEBANK, SUFFOLK
Virginia Business// August 29, 2024//
In May, hundreds gathered at the Virginia Beach Convention Center to celebrate the 25th anniversary of TowneBank.
Back in 1998, Aston and friends famously launched the bank from his garage. By April of the following year, TowneBank opened three offices with the support of 4,000 founding shareholders.
Today, TowneBank operates 51 bank offices in Virginia and parts of North Carolina, and has the largest market share in Hampton Roads. “Looking back, no one could have possibly imagined where Towne is today,” Aston wrote last year.
Beginning his banking career in 1964, Aston was named president and CEO of Citizens Trust Co. in 1981. He went on to lead Commerce Bank and BB&T of Virginia.
In 2018, Aston ended his 20-year tenure as board chairman and CEO of TowneBank, becoming executive chairman as part of a succession plan.
He sits on the boards of Virginia Wesleyan University and the Virginia Business Higher Education Council.
TowneBank reported bank assets of $16.8 billion and $13.89 billion in deposits at the end of 2023. It has more than 2,700 employees.
