About First Landmark Bank
First Landmark Bank, established in 2008, is a state-chartered community bank headquartered in Marietta, Georgia. Even through the first few years with an economy in turmoil, the Bank prospered and grew and has become a success story of how to manage a bank during one of the weakest economies in modern time.
During this same time Midtown Bank and Trust Company, established in 2003 and headquartered in Atlanta, Georgia, was also managing through the banking crisis that had gripped the Nation. The Bank took a few losses in its lending portfolio, but weathered the storm and proceeded to grow Midtown Bank back to success.
The Presidents and Chairmen of both banks began discussing the idea to combine their two very similar financial organizations into one in a ‘merger of equals’. With similar size, banking philosophies and complimentary geographic banking markets, it soon became apparent to them that the merger discussions had significant merit, and they began the process of seeking the approvals necessary to combine the organizations.
Mergers of this type can occur and be effective and efficient in a number ways, and both managements considered all of their constituents —shareholders, clients and employees — in moving forward.
In April 2014, the Banks made a joint announcement of their intent to merge and sought shareholder and regulatory approvals.
In mid-October 2014, the Banks received the final regulatory approval and set a date of October 20, 2014 for the legal closing of the merger, at which time the combined Company would begin to operate under the First Landmark Bank charter.
On Monday, October 20, 2014, the organization began operating and marketing itself as follows:
Cobb Banking Center – First Landmark Bank – Terri Bunten Guthrie, EVP | Market President
Midtown Banking Center – Midtown Bank, a division of First Landmark Bank – Randy Harris, SVP | Market President
Sandy Springs Banking Center – Bank of Sandy Springs*, a division of First Landmark Bank – Chris Burnet, SVP | Market President
*Bank of Sandy Springs, a division of Midtown Bank opened in June 2014 as a secondary banking center of Midtown Bank, branded as Bank of Sandy Springs. The division designation is now changed due to the merger.
For more information about the resulting management group and Board of Directors of First Landmark Bank, [Click here].
Today, with an increasingly improving economy, President and CEO Stan Kryder and Executive Vice President and CFO Terry DeWitt continue to guide and grow the Bank. The Bank’s officers and employees are committed to professionally serving clients and personally serving the community. We serve on the boards of local non-profit organizations, participate in community endeavors through sponsorships and volunteerism, and contribute to bettering the quality of life in Marietta and Cobb County.
We invite you to turn to us if you seek experienced bankers and lenders in a service-oriented community bank.