What is the story about?
What's Happening?
Touchmark Bancshares, Inc., the holding company for Touchmark National Bank, has announced significant changes to its executive and senior leadership team. Addam Taussig has been appointed as Executive Vice President and Chief Lending Officer, tasked with leading business development and sales functions. Tesula Stewart, the former Executive Vice President and Chief Credit Officer, has stepped down to pursue consulting and public service. Steve Schaefer, who joined Touchmark in August 2025, has taken over Stewart's responsibilities as Senior Vice President and Senior Credit Officer. Additionally, Chuck Shaw, who joined the company in May 2025, has been promoted to Senior Vice President and Senior Risk Management Officer, overseeing risk management and compliance functions. These changes are part of Touchmark's strategy to strengthen its business development, sales, credit administration, compliance, and risk management capabilities.
Why It's Important?
The leadership changes at Touchmark Bancshares are crucial as the company aims to address regulatory concerns raised by the Office of the Comptroller of the Currency (OCC) and improve its loan and deposit growth strategies. The addition of experienced leaders like Addam Taussig, Steve Schaefer, and Chuck Shaw is expected to enhance Touchmark's operational capabilities and establish a foundation for future success. These changes reflect the company's commitment to recruiting key team members to strengthen its team and address compliance issues. The strategic focus on business development and risk management is likely to impact Touchmark's ability to navigate regulatory challenges and achieve growth objectives.
What's Next?
Touchmark Bancshares is expected to continue recruiting key team members to bolster its leadership team and address ongoing regulatory concerns. The company will focus on implementing strategies to improve loan and deposit growth, leveraging the expertise of its new executives. As Touchmark strengthens its team, it will likely engage with regulatory bodies to ensure compliance and address any outstanding issues. The leadership changes may also lead to adjustments in the company's strategic priorities, with a focus on enhancing business development and risk management capabilities.
Beyond the Headlines
The leadership changes at Touchmark Bancshares may have broader implications for the community banking sector, highlighting the importance of experienced leadership in navigating regulatory challenges. The company's focus on compliance and risk management reflects a growing trend among banks to prioritize these areas in response to increased regulatory scrutiny. Additionally, the departure of Tesula Stewart to pursue consulting and public service may indicate a shift in career paths for banking executives, as they seek opportunities beyond traditional banking roles.
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