Towne Insurance Adds Director of Business Development and Strategic Acquisitions

For more information contact:
Sara Jo Rubin, Rubin Communications Group, 757-456-5212


Norfolk, VA (08/01/22) - Towne Insurance Agency announced the addition of Stan Park as executive vice president and Director of Business Development and Strategic Acquisitions. In this role, Park will facilitate business development opportunities and guide Towne Insurance’s growth through strategic acquistion in the Carolinas.


“Stan’s remarkable business acumen combined with his passion for bettering his community make him a perfect addition to the Towne family,” said W. Douglas Russell, president and CEO of Towne Insurance. “We are excited to work with him as we grow Towne Insurance throughout the Carolinas.”


Park brings 31 years of industry experience to the Towne family. He has led many acquisition efforts in previous roles and most recently served as regional president of a national independent agency. He will be based out of the Greensboro, NC office.


Park is a fixture of the Greensboro community and embodies Towne’s commitment to serving others and enriching lives. He is a member and past president of the Nat Greene Kiwanis, a board member of Well Spring Solutions, a member of the UNC-Chapel Hill Kenan Flagler Alumni Council, and has previously served on boards for BBB of the Triad, the Enrichment Fund for Guilford County Schools, the Make a Wish Foundation, and Reading Connections. He is a member of the National Association of Health Underwriters (NAHU) and the Provider Advisory Group for Blue Cross Blue Shield North Carolina (PAG BCBSNC).


Towne Insurance, a wholly-owned subsidiary of TowneBank, is a premier insurance agency providing comprehensive solutions and risk management programs to businesses of all sizes, including property and casualty insurance, workers’ compensation, bonding, employee benefits and more. Additionally, personal lines agents specialize in home, auto, umbrella and flood insurance. Headquartered in Hampton Roads in southeastern Virginia, and serving communities across Virginia, North Carolina, and South Carolina, Towne’s over 400 experienced insurance professionals work with the nation’s top-rated insurance companies to find members the right coverage at a competitive price. For more information, visit


Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a focus of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences.


Today, the bank operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. With total assets of $16.86 billion as of June 30, 2022, TowneBank is one of the largest banks headquartered in Virginia.