Richard Cullen Joins the TowneBank Corporate Board of Directors

Core Insights - TowneBank has appointed Richard Cullen to its Board of Directors, enhancing its leadership team with his extensive experience in both public service and private practice [1][4]. Group 1: Richard Cullen's Background - Richard Cullen has a distinguished legal career, having served as Counselor to Governor Glenn Youngkin from 2022 to 2026, and previously as Attorney General of Virginia and United States Attorney for the Eastern District of Virginia [2]. - Cullen has spent a significant portion of his career at McGuireWoods, LLP, where he was Chairman for over a decade before transitioning to a partner role at Torridon Law PLLC in Washington, D.C. [2]. Group 2: TowneBank Overview - Founded in 1999, TowneBank focuses on building relationships and offers a comprehensive range of banking and financial services, emphasizing a culture of caring and diversity [4]. - TowneBank operates over 70 banking offices across various regions, including Hampton Roads, Central Virginia, and parts of North and South Carolina, positioning itself as a local leader in community growth [5]. - Following the acquisition of Dogwood State Bank on January 12, 2026, TowneBank's pro forma assets are approximately $22 billion as of December 31, 2025, making it one of the largest banks headquartered in Virginia [5].