#Alpharetta #Touchmark National Bank #Addam Taussig #Steve Schaefer

Touchmark Bancshares, Inc. Announces Major Leadership Changes

In a recent announcement, Touchmark Bancshares, Inc. (OTC Market: TMAK), the holding company for Touchmark National Bank, revealed strategic changes within its executive and senior leadership team aimed at enhancing business growth and compliance measures. This move signifies a strong commitment to addressing previous regulatory concerns and setting a clearer pathway for future success.

New Appointments to Enhance Business Development and Compliance

Taking the helm as Executive Vice President and Chief Lending Officer is Addam Taussig, who joins the ranks with over 30 years of experience in commercial banking, having held prominent positions at large financial institutions including Regions Bank and Bank of America. Taussig's expertise in business development and sales will play a crucial role in steering Touchmark towards improved loan and deposit growth strategies.

Alongside Taussig, Steve Schaefer has come aboard as Senior Vice President and Senior Credit Officer. Schaefer brings 27 years of credit administration experience from various banks, including significant roles at First Horizon Bank. His focus will be on overseeing credit administration and ensuring that the bank remains compliant with necessary regulatory frameworks, particularly in light of recent challenges.

Chuck Shaw, another key addition to the team, has been promoted to Senior Vice President and Senior Risk Management Officer. Shaw, who has 35 years of experience in regulatory compliance and risk management in community banks, is set to lead Touchmark's risk management and compliance functions. His role will be essential in maintaining the integrity and security of Touchmark's operations, ensuring that all practices meet federal and state regulations.

Acknowledging Contributions and Future Direction

Robert “Bobby” Krimmel, President and Chief Executive Officer of Touchmark National Bank, expressed his optimism about the changes, stating that these new leaders would