KBRA Releases Surveillance Report for TowneBank

On June 21, 2024, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for Portsmouth, Virginia-based TowneBank (NASDAQ: TOWN). The Outlook for all long-term ratings Stable.

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Click here to view the report.