Patriot Financial Partners Makes Major TowneBank Investment

Patriot Financial Partners Makes Major TowneBank Investment

Key PointsPatriot Financial Partners initiated a new position in TowneBank, adding 1,518,143 shares; estimated transaction value is $52.73 million based on quarterly average price.The quarter-end value of the position was $51.12 million, a net increase that reflects both the new holding and market price movement during the period.Post-trade, the fund held 1,518,143 shares of TowneBank, valued at $51.12 million, equal to 13.16% of total reportabl…