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TowneBank was recently voted Gold in the bank category in the 2024 edition of Charlotte’s Best. The magazine highlights businesses, people, and places that the Charlotte community loves most. The program was created in partnership with the Charlotte Observer to support local businesses. TowneBank entered the Charlotte market in 2018 when it acquired Paragon Bank. It currently has three locations in the SouthPark, Ballantyne, and Myers Park areas, offering banking, mortgage, insurance, and wealth management services.  

Ted Wolfe, president of TowneBank Charlotte, expressed his gratitude for this recognition from Charlotte’s Best. “We are thankful to everyone who voted for us and for the warm welcome we have received in the Queen City,” he said. “Our local financial professionals, engaged board of directors, and dedicated members combine to support our success and growth across Charlotte. We look forward to sharing the Towne experience with even more people and organizations in our community.” 

Likewise, TowneBank President and CEO William I. “Billy” Foster III stated that the recognition was “great news to share” with both the Charlotte and Hampton Roads communities. 

“We are a relative newcomer to the Charlotte market, so this is great news to share not just in Charlotte, but with our Hampton Roads community where TowneBank began,” he said in a media release. 

Charlotte is the second-largest banking center in the United States and is home to major competitors and national banks.