# Bill Foster

> William I. “Billy” Foster III, also known as Bill Foster, has been president and CEO of TowneBank since January 1, 2023. He joined in 2004 to lead expansion into Norfolk, subsequently overseeing Virginia Beach, commercial and real estate banking, and Central Virginia and the Carolinas. His CEO tenure includes the Village Bank, Old Point and Dogwood integrations.

- **Role:** President & Chief Executive Officer at TowneBank
- **Organizations:** TowneBank, Central Fidelity Bank
- **Education:** BS in Business Administration, major in Accounting, Old Dominion University, MBA, William & Mary
- **Known for:** Became TowneBank’s third CEO in 2023., Featured in Virginia Business’s 2026 banking and finance leadership list., Held successive TowneBank market, lending and regional leadership roles before becoming CEO.

## Career timeline

- **Before 2004** — Served as Eastern Region President of Central Fidelity Bank.
- **2004** — Joined TowneBank to lead its Norfolk expansion.
- **2005-2011** — President of TowneBank Norfolk.
- **2011-2018** — President of TowneBank Virginia Beach.
- **2018-2020** — President, Commercial and Real Estate Banking.
- **2020-2022** — President, Central Virginia and the Carolinas.
- **2023** — Became president and CEO on January 1.
- **2025** — Participated in June 12 and July 1 exploratory Dogwood merger meetings.
- **2026** — Led TowneBank when its Dogwood merger closed on January 12.

## Achievements

- Became TowneBank’s third CEO in 2023.
- Featured in Virginia Business’s 2026 banking and finance leadership list.
- Held successive TowneBank market, lending and regional leadership roles before becoming CEO.

## Latest updates

- **2026-08** — Featured in Virginia Business’s 2026 banking and finance leadership list.
- **2026-07** — Said TowneBank had added 24 experienced bankers across the Carolinas since the start of 2026.
- **2026-01** — TowneBank completed its Dogwood State Bank merger on January 12, with operational conversion scheduled for November 2026.

## Links

- Website: https://www.townebank.com/biographies/executive-leadership/billy-foster/
- LinkedIn: https://www.linkedin.com/in/bill-foster-874a875

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Profile page: https://yespress.io/bill-foster
Published by YesPress — https://yespress.io
Last updated: 2026-10-23