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July 12 (Reuters) - Towne Bank:
* Townebank announces pricing of $250 million of 4.50% subordinated notes
* Towne bank - notes will initially bear interest at a fixed rate of 4.50% per annum
* Towne bank - pricing of $250 million of its fixed-to-floating rate subordinated notes due 2027
* Towne bank - notes will be issued at a price of 100% of principal amount thereof.
* Towne bank - notes will mature on july 30, 2027 Source text for Eikon: Further company coverage: