TOUCHMARK BANCSHARES, INC. ANNOUNCES LEADERSHIP CHANGES

Rhea-AI Summary

Touchmark Bancshares (OTCID:TMAK) announced significant leadership changes to strengthen its executive team. Addam Taussig has joined as Executive Vice President and Chief Lending Officer, while Tesula Stewart, Executive Vice President and Chief Credit Officer, has stepped down. The company also announced two other key appointments: Steve Schaefer as Senior Vice President and Senior Credit Officer, and Chuck Shaw as Senior Vice President and Senior Risk Management Officer.

The leadership restructuring aims to enhance business development, sales, credit administration, and risk management capabilities while addressing regulatory concerns from the OCC's Formal Agreement. The new executives bring significant experience, with Taussig's 30+ years in commercial banking, Schaefer's 27 years in credit administration managing a $350 million portfolio, and Shaw's 35 years in BSA and regulatory compliance.

Positive

• Strategic strengthening of executive team with experienced leaders in key positions
• Addressing regulatory concerns from OCC's Formal Agreement with new compliance expertise
• Addition of seasoned commercial banking leader with experience managing portfolios up to $2B in revenue

Negative

• Departure of Executive VP and Chief Credit Officer indicates potential leadership instability
• Existence of regulatory concerns requiring attention through OCC's Formal Agreement
• Need to improve loan and deposit growth strategies suggests current performance challenges

ALPHARETTA, Ga., Oct. 2, 2025 /PRNewswire/ -- Touchmark Bancshares, Inc. (OTCID Basic Market: TMAK), the holding company for Touchmark National Bank, today announced changes to its executive and senior leadership.  Addam Taussig has joined Touchmark as Executive Vice President and Chief Lending Officer and will lead all business development and sales functions. Tesula Stewart, Executive Vice President and Chief Credit Officer, has stepped down from her role at Touchmark to pursue consulting and public service. Steve Schaefer joined Touchmark as Senior Vice President and Senior Credit Officer in August 2025 and has assumed the Credit Administration leadership responsibilities with Stewart's departure. Chuck Shaw joined Touchmark in May 2025 and has been promoted to Senior Vice President and Senior Risk Management Officer assuming all risk management and compliance functions for Touchmark. 

Robert "Bobby" Krimmel, President and Chief Executive Officer of Touchmark National Bank, commented, "The addition of Addam Taussig, Steve Schaefer and Chuck Shaw strengthen Touchmark's business development, sales, credit administration, compliance and risk management capabilities and establish the foundation for future success.  The addition of Taussig will provide the leadership and focus needed to improve Touchmark's loan and deposit growth strategies for the future."  He added, "We continue to recruit key team members to Touchmark as we strengthen our team and address regulatory concerns raised from the OCC's Formal Agreement. We also thank Tesula Stewart for her four years of contributions to Touchmark and wish her success in her future endeavors."

Addam Taussig has over 30 years of commercial banking leadership experience from large to mid-size regional banks in the Atlanta MSA. Taussig was most recently serving as a Corporate Banking Executive in Atlanta for Regions Bank and responsible for delivering financial solutions to middle-market companies up to $2 billion in revenue and mentoring new associates. Prior to Regions, Taussig was the Senior Vice President in Commercial Banking for Bank of America and Senior Vice President in Middle Market Banking for Truist Bank.

Steve Schaefer has over 27 years of diverse credit administration experience from community banks to larger regional banks. Prior to Touchmark, Schaefer was serving as Portfolio Manager for First Horizon Bank and managing a loan portfolio totaling $350 million. Prior to First Horizon, Schaefer was the Vice President and Credit Services Manager for Cadence Bank and formerly the Vice President and Loss Share Reporting Manager for State Bank & Trust. 

Chuck Shaw has over 35 years of BSA, regulatory compliance and risk management experience with community banks. Prior to Touchmark, Shaw was serving as Senior Vice President and BSA Officer for The Piedmont Bank and responsible for their BSA program. Prior to Piedmont, Shaw served as Senior Vice President and Compliance Officer for Cornerstone Bank and Georgia Commerce Bank.

About Touchmark Bancshares, Inc., and Touchmark National Bank

Touchmark Bancshares, Inc. is the holding company for Touchmark National Bank, a community bank founded in 2008 and headquartered in Alpharetta, Georgia, serving Cobb, Dekalb, Forsyth, Gwinnett, and North Fulton counties. As of June 30, 2025, Touchmark reported total assets of $426 million and total shareholders' equity of $73 million.  For more information about Touchmark, visit us at www.touchmarknb.com under Investor Relations.

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SOURCE Touchmark Bancshares, Inc.

FAQ

Who are the new executives joining Touchmark Bancshares (TMAK)?

The key appointments include Addam Taussig as EVP and Chief Lending Officer, Steve Schaefer as SVP and Senior Credit Officer, and Chuck Shaw as SVP and Senior Risk Management Officer.

What experience does Addam Taussig bring to Touchmark Bancshares?

Taussig brings over 30 years of commercial banking leadership experience from large to mid-size regional banks in Atlanta, previously serving at Regions Bank, Bank of America, and Truist Bank.

Why is Touchmark Bancshares (TMAK) making these leadership changes?

The changes aim to strengthen business development, sales, credit administration, and risk management capabilities while addressing regulatory concerns from an OCC Formal Agreement.

Who is leaving Touchmark Bancshares' executive team?

Tesula Stewart, Executive Vice President and Chief Credit Officer, has stepped down from her role to pursue consulting and public service after four years with the company.

What regulatory issues is Touchmark Bancshares facing?

The company is working to address regulatory concerns raised from an OCC Formal Agreement, though specific details of the agreement were not disclosed in the announcement.