Effective January 1, 2016, Charles W. Cook, Jr. will retire as Chairman of the Board of Directors and as a Director of Truxton Corporation and its subsidiary, Truxton Trust Company. Mr. Cook will become Chairman Emeritus upon his retirement. Also effective January 1, 2016, the company's CEO, Thomas S. Stumb, will become Chairman of the Board, and the company's CFO, Andrew L. May, will become President and rejoin the company's Board of Directors.

Mr. Stumb, also an organizer and founding director of the company, has served as its President since its inception and as Chief Executive Officer since July 2008. Mr. Stumb will remain Chief Executive Officer of the company. Mr. May served as a director of the company from 2008 until he joined the company as its Chief Financial Officer in October 2010.

Mr. May will remain Chief Financial Officer in addition to his new duties as President.