TowneBank Donates to the
Campaign for Norfolk State
Norfolk, Va.—TowneBank,
a locally owned banking institution that places special
emphasis on the needs of small businesses, has made a pledge
of $125,000 to the Campaign for Norfolk State University:
Initiatives for the Future. The announcement was made last
week during a meeting with TowneBank officials including
Norfolk’s Mayor Paul Fraim, chairman of the TowneBank Board;
Billy Foster, president of TowneBank Norfolk; and Yvonne
Allmond, senior vice president of TowneBank Norfolk and also
a member of the NSU Foundation Board. TowneBank’s pledge has
been designated for NSU’s general scholarship fund.
TowneBank began
operations as a Virginia chartered bank in April 1999.
TowneBank offers a full range of banking and related
financial services, including checking, savings,
certificates of deposit and other depository services,
commercial, real estate and consumer loan services. They
also provide residential and commercial mortgages, including
brokerage services, through its mortgage division. In
addition, TowneBank provides title insurance services,
investment and asset management services and a full line of
commercial and consumer insurance products.
Launched publicly in
September 2005, the Campaign for Norfolk State University:
Initiatives for the Future, has reached 74 percent of the
$15 million goal. The Campaign focuses on significant ways
to improve student success. The initiatives are: to expand
student support, to advance academic instruction, to enhance
the learning environment, to enrich the RISE Campus, and to
embrace the community. The Campaign leadership includes
Joseph E. Fergus, chair; Yvonne Allmond, vice chair for
ongoing support; Earl E. Lee, vice chair for alumni giving;
Willie Brown, vice chair for the Board of Visitors; Allen
Jones, vice chair for corporations and foundations and
William D. Tyree, III, vice chair for the NSU Foundation
Board of Directors.
For more information,
contact the Division of University Advancement at 823-8323.
