Governor Mary Fallin announced the appointment of Ed Townsend of Grove to the Grand River Dam Authority (GRDA) board of directors. Townsend succeeds Gregory Grodhaus, and will serve a five-year term.
Townsend is the founder, owner and chief executive officer of Bank of Grove. He previously served as chairman and CEO of Local Oklahoma Bank, a $3.3 billion commercial bank based in Oklahoma City.
“Ed's business sense and commitment to the Oklahoma community will make him a great asset to the GRDA board,” Fallin said.
He also served as chairman of Integris Health based in Oklahoma City and was instrumental in getting the 58-bed hospital built in Grove, Oklahoma in 2010. Because of his commitment, an area of the hospital is named the Townsend Women and Children’s Center.
Townsend received bachelor’s degrees in economics and accounting as well as a master’s in business administration in finance from the University of Texas.
He and his wife, Barbara, through their foundations and Bank of Grove are actively involved in funding medical needs of children in Delaware County.