Thomas L. Hasty III


Trustee Since 1998

Mr. Hasty began his service on the board of trustees in 1998 and served as treasurer from 2001-2006 during which time he also served as chair of the finance committee. Currently Mr. Hasty serves on the Executive and Finance and Investment committees. Mr. Hasty was part of the founding management team at TowneBank in 1999. The bank has now grown to be the largest bank headquartered in the Hampton Roads area of Virginia, with 37 banking offices in Virginia and the nearby outer banks of North Carolina. The bank now has assets greater than $6 billion dollars. The bank offers a full range of financial services through controlled divisions and subsidiaries that include Investments, Insurance Brokerage, Benefits brokerage, Commercial Real Estate Brokerage, Residential real Estate Brokerage and mortgage services. Mr. Hasty current role is Senior Executive Vice President and Chairman of the Risk Management Committee. Mr. Hasty is responsible for implementation of regulatory risk management objectives for TowneBank and its affiliates, insurance review and purchase, as well as a number of board and various management committees. Prior to TowneBank, Mr. Hasty served as Senior VP and Senior Credit Officer at BB&T of Virginia and immediately prior to leaving as Senior Vice President and Corporate Banker (1995-1998). Mr. Hasty also served as Senior Vice President and Senior Credit Officer at Commerce Bank in Virginia (1987 to 1995) and prior to that served in various capacities with the FDIC culminating as a Review Examiner/Failing Bank Specialist in Dallas, Texas (1976 to 1987). Mr. Hasty joined the FDIC after being a student intern there while attending Hampton Institute (now University in Hampton, VA). Mr. Hasty also attended the Stonier Graduate School of Banking at the University of Delaware.