Florida Banking March 2023

KUDOS

Rita Lowman Joins the Board of Encore Bank

T rustco Bank celebrates its 20th anniversary in Florida in March; the bank opened its first branch in Longwood on March 17, 2003 and established its local headquarters in Maitland in 2007. The bank has since moved its headquarters from Maitland to Longwood in 2015. The bank first opened for business in 1902 in Schenectady, New York. Bank Chairman, President, & CEO Robert J. McCormick said, “Since entering the Central Florida market, the communities that we serve have embraced our ‘Home Town’ approach to banking. Choosing to continue the bank’s de novo expansion in 2003 to Florida proved to be the right choice for our company and our many customers. We are proud to be celebrating this milestone here in this great state.” Upon its introduction to the Orlando area of central Florida, Trustco Bank immediately expanded to the gulf coast with branches in Venice, Sarasota, and Bradenton, among others. In 2012, Trustco expanded to the Florida east coast with its first branch in Juno Beach. Currently, the bank has 53 branch locations in the state. Eric Schreck serves as the executive vice president and Florida regional president of Trustco Bank. Encore Bank, which now has an office in Tampa. Lowman’s sterling career has seen her manage 23 acquisitions and serve as chair of the Florida Bankers Association in 2017, becoming just the third woman to lead that body in its 130-year history. She has also served on the American Bankers board of directors and as vice chair of that organization’s Government Relations Council and Community Council Board. According to a news release, Lowman serves or has served on a number of other boards, including the Florida School of Banking at the University of Florida, the Southeastern Cabinet of the American Cancer Society, the Greater Tampa Chamber of Commerce and the Florida Aquarium. In addition to Encore Bank, she also holds a seat at Caldwell Trust in Venice. F ormer Pilot Bank President Rita Lowman, a 45-year veteran of Florida’s banking industry, has joined the board of Little Rock, Ark.-based

“Encore Bank is delighted to welcome Rita to its Board of Directors,” Encore Bank Chairman and CEO Chris Roberts states in the release. “Her leadership and accomplishments have made her a star in the industry and a role model for women in banking. We are confident she will be an invaluable asset to Encore and look forward to her significant contribution to our board.” Rita Lowman

Encore Bank was founded in 2019 as a privately held, boutique bank with a commercial focus. It operates in 20 markets across eight states, and as of Dec. 31, 2022, it had $3.5 billion in total assets.

Trustco Bank Celebrates 20th Anniversary in Florida

He has been with Trustco Bank for over 30 years, where he directs operations for all Florida branch offices in the state. Schreck has extensive experience in sales and service initiatives, along with developing measurement standards to monitor branch performance. He holds a Management Science degree from Cortland College and an MBA in Finance from Rensselaer Polytechnic Institute. Today, Trustco Bank in Florida has $1 billion in both loans and deposits and currently employs 222 full time and 52 part time employees. The bank has received national recognition, including being ranked as one of the Top 25 Banks Nationally by Bank Director Magazine , Top 10 Best Banks in the Country by the ABA Banking Journal , and 4th Best Bank in the Country by US Banker . Eric Schreck

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