Charles Cook will retire next year as chairman of Truxton Corp. in Nashville, Tenn.

Cook, 81, helped found the $486 million-asset Truxton Trust Co. when it was chartered in 2003. He has been chairman since 2009.

Cook will be succeeded on Jan. 1 by Thomas Stumb, 54, chief executive of Truxton Corp. Cook will become chairman emeritus.

Andrew May, chief financial officer, will take on the additional title of Truxton Corp. president next year.

Cook has "had a career in banking that spanned more than 60 years and he has attempted to retire a time or two before," May said in a news release. "But this time, it might actually happen."

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