KBRA Releases Surveillance Report for FineMark Holdings, Inc.
14 Jul 2023 | New York
On July 7, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Fort Myers, Florida based FineMark Holdings, Inc. (OTCQX: FNBT or “the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, FineMark National Bank & Trust ("the bank"). The Outlook for all long-term ratings was revised to Negative from Stable.
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