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Letters of Credit

TowneBank issues Standby Letters of Credit on behalf of members wishing to facilitate contracts for goods or services with other entities, both foreign and domestic. Approval is subject to the member’s ability to assure contract fulfillment.

Standby Letters of Credit for bonding or insurance purposes can be arranged on either a secured or unsecured basis. 

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Speak with a Hometown Lender for more information.
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Normal credit approval criteria apply