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Landmark Bancshares, Inc. Announces Completion of $130.0 Million Subordinated Notes Offering

July 6, 2017

Landmark Bancshares, Inc. (the “Company”), parent company of First Landmark Bank, announced today the completion of a $13.0 million private placement of Subordinated Notes. The subordinated debt is structured as a ten-year unsecured fixed to floating rate note, with a fixed rate of 6.50% for the initial five years, payable semi-annually. From and including June 30, 2022 to maturity, the interest rate shall reset quarterly to the then current three-month LIBOR rate plus 467.0 basis points, payable quarterly.

The Company intends to use the net proceeds for general corporate purposes, retirement of $6.3 million of existing debt, and providing capital to support the growth of First Landmark Bank. The proceeds from the issuance of the subordinated debt will qualify as Tier 2 capital, and the portion that the Company contributes to First Landmark Bank will qualify as Tier 1 capital for the bank.
Sandler O’Neill + Partners, L.P. acted as sole placement agent, and Bryan Cave provided legal counsel.

About Landmark Bancshares, Inc.
Landmark Bancshares, Inc. is a bank holding company headquartered in Marietta, Georgia. The Company is not publicly traded. First Landmark Bank, our wholly-owned subsidiary, specializes in commercial lending, general banking and mortgage lending in north metro Atlanta from our Marietta, Midtown Atlanta and Sandy Springs offices with an additional loan production office in North Fulton. First Landmark Bank is a preferred SBA Lender with SBA lending offices in Atlanta, Charlotte and Birmingham. The Bank opened in 2008 and as of December 2016 has grown to over $544 million in total assets. For more information about First Landmark Bank, call 770.792.8870 or visit http://www.firstlandmarkonline.com.
For more information contact
Terrence Y. DeWitt President and CFO Landmark Bancshares Inc. tdewitt@firstlandmarkonline.com
Direct: 770.799.5663

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