Touchstone Bankshares Inc (OTCMKTS:TSBA) Stock On Radar After Latest News

This morning investors could do well to take a closer look at Touchstone Bankshares Inc (OTCMKTS:TSBA) after it came into the news cycle yesterday following a key announcement. The company announced yesterday that the directors of its board had decided to appoint a new director in the form of Toni Lee-Andrews.

Trading Data

On Thursday, TSBA stock ended flat at $10.63 with more than 1 shares, compared to its average volume of 2.46K shares. The stock moved within a range of $10.63 – 10.63 after opening trade at $10.63.

Touchstone Bankshares Names Toni Lee-Andrews to Board of Directors

It was further noted that the new appointee is also going to be made a director of Touchstone Bank, which is a fully owned subsidiary unit of the company. In this situation, it may be a good idea for investors to take a look at the credentials of Lee-Andrews in order to have a better idea about the appointment.

At this point in time Lee-Andrews serves as the President of the Colonial, Virginia based company Andrew CPA Associates. In addition to that, it ought to be noted that her experience certified public accountant since as far back as 1996 and currently her experience as a professional spans more than 22 years.

It may well prove to be a significant new appointment for Touchstone Bankshares in the long run. At this point in time, it remains to be seen how investors react to the latest appointment.

Key Quote

“I am excited to serve on the Board and look forward to supporting the bank’s strategic objectives. My passion for community banking and what Touchstone stands for makes this a wonderful opportunity to help support their growth and our local communities,” said Lee-Andrews.

Technical Data

TSBA stock is trading below the 20-Day and 50-Day Moving averages of $11 and $11.34 respectively. Moreover, the stock is trading below the 200-Day moving average of $11.82.