Touchmark Bancshares CLO Addam Taussig Departs; CEO Steps In
Touchmark Bancshares announced the exit of Chief Lending Officer Addam Taussig. CEO Bobby Krimmel will absorb lending leadership duties.
Touchmark Bancshares, Inc., the Atlanta-based holding company for Touchmark National Bank, announced Monday that Executive Vice President and Chief Lending Officer Addam Taussig has left the company, effective immediately.
Bobby Krimmel, the company's President and Chief Executive Officer, will take on oversight of the lending function in addition to his existing duties, according to the announcement distributed via press release. No timeline was provided for a permanent replacement search.
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Touchmark Bancshares trades on the OTC markets under the ticker symbol TMAK. The company's decision to consolidate lending leadership under its top executive is a move sometimes seen at community banks managing costs or navigating leadership transitions, though the company offered no specific rationale for the staffing change.
The departure of a chief lending officer at a community bank can carry operational significance, given that the CLO typically oversees credit risk, loan portfolio strategy, and relationships with commercial borrowers — core functions for institutions of Touchmark's size and market focus.
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