Mr. Benson has served as Vice Chairman of the Board of Directors of TowneBank since the merger of Monarch with TowneBank in June 2016. Mr. Benson has served as a Partner of Overton Family Partnership, L.P. (real estate development and management), in Suffolk, Virginia, since 1985. Mr. Benson served as a director of Monarch until the merger with TowneBank in June 2016.