Counting on the Core

Portsmouth, Virginia-based TowneBank has more than doubled in size since 2015, the result of three acquisitions and an 8% to 10% annual organic growth rate, according to Chief Operating Officer Brad Schwartz. Now the $11.9 billion asset bank is in the middle of a core conversion with its current provider, Fidelity National Information Services (FIS), to position itself for continued growth. “[It’s] not that exciting or sexy; it’s like maintenance. We just felt like we had to do that to support future growth beyond the past growth we’ve had,” Schwartz says. TowneBank’s core conversion, which Schwartz expects to complete in…

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Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

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