Avenue re-elects four to board

Avenue Bank Founder, Chairman and CEO Ron Samuels has been re-elected to a three-year term on the board of parent company Avenue Financial Holdings Inc., the bank announced today.

Shareholders also re-elected three other board members for three-year terms: David Ingram, president of Ingram Entertainment and DBI Beverage Inc.; Ken Robold, a music industry executive; and Kent Cleaver, who joined the board when he was promoted as president of Avenue Bank in 2012. Cleaver also serves as the company’s COO.

“We are encouraged that our shareholders see value in our company’s leadership," Samuels said. "Having built our bank to $930 million in total assets in just seven years is a strong growth story, and I am confident in the progress we will continue to make together,” Samuels said.