NewDominion Bank hires new president

Charlotte-based NewDominion Bank said Thursday that it has hired an executive from Greensboro-based NewBridge Bank as its new president, effective immediately.

In his new role, Tim Ignasher, will be charged with leading the commercial banking division at NewDominion, a community bank with $325 million in assets. Most recently, he was executive vice president and managing director of commercial banking at NewBridge, which has $2.8 billion in assets.

Ignasher replaces Marc Bogan, who stepped down as president and chief operating officer in February.

“Tim is the final piece we needed to round-out our executive team,” NewDominion Bank CEO Blaine Jackson said in a statement. “His commitment to the Carolina community and his resourcefulness aligns perfectly with the bank’s core values.”

This story was originally published November 17, 2016 at 5:08 PM with the headline "NewDominion Bank hires new president."