TowneBank
Mr. Jung joined TowneBank as a director in January 2018 when Paragon Bank was merged into TowneBank. He previously served as Chairman of the board of Directors of Paragon Commercial Bank since 1999, and as Chairman of the Board of Directors of Paragon Commercial Corporation since 2001, until their merger with TowneBank. He also served as director of the Ace Hardware Corporation from 1987 to 1996 and as Chairman of the Board at Ace Hardware Corporation from 1998 to 2003. Mr. Jung served as Vice President of Ace Hardware Stores, Inc. in Raleigh, North Carolina from 1997 to 2016.
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TowneBank
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As one of the top community banks in Virginia and North Carolina, TowneBank operates banking offices serving Richmond, Glen Allen, Mechanicsville, Chesterfield, Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach, Williamsburg, James City County and York County in Virginia along with Raleigh, Cary, Charlotte, Greensboro, Moyock, Grandy, Camden, Southern Shores, Corolla, Kill Devil Hills and Greenville in North Carolina. Towne also offers a full range of financial services through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, BHHS Towne Realty, Towne 1031 Exchange, and Towne Vacations.