People: Towne Bank (TOWN.OQ)
Mr. William T. Morrison is a Director of Town Bank, Chairman and Chief Executive Officer of TowneBank Mortgage and Realty Group, a Division of TowneBank since June 24, 2016, when Monarch was merged into TowneBank. Previously, he served as Chief Executive Officer of Monarch Mortgage from 2011 until June 2016 and Executive Vice President and Chief Operating Officer of Monarch Mortgage from 2007 until 2011. Mr. Morrison has approximately 30 years of banking experience and has previously served as chief operating officer and chief credit officer at local community banks. Mr. Morrison’s civic and community activities include having served on the Old Dominion University Executive Advisory Council for the College of Business and Public Administration, the Virginia Beach Community Service Board, the United Way Funds Distribution Committee, the Virginia Beach Youth Foundation, and the Virginia Beach Forum. Mr. Morrison’s experience, leadership, and skills in the financial and mortgage lending industries are critical in leading our mortgage division and bring significant value to our Board.
|Total Annual Compensation, USD||1,619,930|
|Restricted Stock Award, USD||--|
|Long-Term Incentive Plans, USD||--|
|All Other, USD||30,352|
|Fiscal Year Total, USD||1,650,280|