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First Landmark Bank-Midtown Bank Merger Closes

MARIETTA AND ATLANTA, Georgia (October 20, 2014)-First Landmark Bank announced that the legal closing for the merger between First Landmark Bank and Midtown Bank & Trust Company occurred October 20, 2014.  Effective on that same date, the combined company began operating as First Landmark Bank with headquarters at 307 N. Marietta Parkway, Marietta GA.

Also effective as of October 20, 2014, the Midtown Banking Center, led by Market President Randy Harris, began operating as Midtown Bank, a division of First Landmark Bank; the Sandy Springs Banking Center, led by Market President Chris Burnett, began operating as Bank of Sandy Springs, a division of First Landmark Bank.  The Cobb Banking Center continues to operate as First Landmark Bank, where Market President Terri Bunten Guthrie will lead.

As of the closing date, R. Stanley Kryder became President and Chief Executive Officer of First Landmark Bank and Terrence Y. DeWitt became Executive Vice President and Chief Financial Officer.  Ronald H. Francis remains Chairman of the Board, and Joseph D. Chipman, Jr., began serving as Vice Chairman of the Board.

“The ability to put these two banks together and offer a strong community bank presence in Midtown, Sandy Springs and Cobb County sends a powerful message to our communities that we are invested in them,” states President Stan Kryder. “The merger makes sense on many levels including regulatory and operational efficiencies, and we are proud to announce the merger’s closing.”

The merged company has approximately $412 million in total assets, $266 million in total loans, and $335 million in total deposits. Between the three locations, the company has approximately eighty employees, all of whom retained positions with the company following the merger. For more information about First Landmark Bank, visit www.firstlandmarkonline.com or call 770.792-8870.

Home Depot System Breach

On September 8, Home Depot confirmed that its payment data systems had been breached, which could potentially impact customers who used their payment cards at its U.S. and Canadian stores (does not include customers who shopped online at homedepot.com). We understand your concern, and we want to assure you that helping you protect your personal and financial information is always a priority to us.

First Landmark Bank is dedicated to protecting your information. We are receiving information of those bank clients whose information may have been compromised with this breach of security. If you have used your First Landmark Bank debit card at Home Depot between April 2014 and September 2014, we will notify you that your current card will be cancelled and a new card issued.

Because this is a serious incident, we strongly recommend that you take additional action if you used your card during the months identified:

  • Monitor your account(s) via Online Banking. If you see any unauthorized activity, contact us immediately at 770.792.8870.
  • Replace your card. If you have not been contacted about this breach of security by a First Landmark Bank representative and believe your card may have been compromised, please contact us promptly to cancel your card and have a new card issued.
  • Contact Home Depot at 1-800-HOMEDEPOT or www.homedepot.com. Home Depot is offering its affected customers 12 months of free identify protection services, including credit monitoring. To take advantage of this offer, contact Home Depot directly.

First Landmark Bank takes the security of our client’s information very seriously. We will continue to monitor this situation with the Home Depot breach and update you if additional information becomes available. If you have any questions or concerns, please contact one of the Financial Specialists in our Banking Center at 770.792.8870 or at info@firstlandmarkonline.com.

 

First Landmark Bank and Midtown Bank Agree to Merge

For Immediate Release: FIRST LANDMARK BANK and MIDTOWN BANK & TRUST COMPANY AGREE TO MERGE

MARIETTA AND ATLANTA, Georgia (April 28, 2014)-First Landmark Bank and Midtown Bank & Trust Company jointly announced today their definitive agreement to combine their companies in a Merger of Equals transaction and operate their banks under the trade names: First Landmark Bank, Midtown Bank, and Bank of Sandy Springs.  The combination will create the tenth largest community bank by assets headquartered in the Atlanta MSA.

Upon closing of the merger, Midtown Bank President and CEO R. Stanley Kryder will serve as President and CEO of the combined bank and First Landmark President and CEO Terrence Y. DeWitt, will serve as its Executive Vice President and Chief Financial Officer.

“On behalf of the directors of both banks I am pleased to announce this strategic combination of similar banking organizations”, said Stan Kryder, President and CEO of Midtown Bank. “Our two companies operate as true community banks serving the markets of Marietta/Cobb County, Midtown and Sandy Springs. We are both locally owned and operated, and we are committed to the long term growth and prosperity of our communities. We believe that our shared values and traditions will make this partnership work for the employees, customers and communities we serve, and we are confident that this transaction will measurably enhance shareholder value. Blending the talented management and staff of both banks, as well as the financial resources of our two companies, clearly positions us as one of Atlanta’s leading community banks. After the merger, customers of both banks will continue to receive the personal, friendly service from the bank staff they have come to know and trust.”   

“We expect that this merger will foster the growth of a vibrant community banking system that is important to the local economy, small businesses and to the households we serve,” said Terry DeWitt, President and CEO of First Landmark Bank. “Combining two culturally-compatible organizations in neighboring markets provides many benefits to our clients and employees, including enhanced convenience both in banking products and locations. We have spent a tremendous amount of time evaluating the cultures of our two banks and the merits of this transaction, and we believe this combination creates  a strong franchise with substantial prospects for future growth.”

Under the terms of the merger, First Landmark will be the acquiring institution and surviving charter. First Landmark’s shareholders will own 52.25% and Midtown Bank’s shareholders will own 47.75% of the combined institution’s stock. The board of directors will consist of six members from First Landmark and five members from Midtown Bank.  Ronald H. Francis will serve as Chairman of the Board and Joseph D. Chipman will serve as Vice Chairman. The merger agreement was unanimously approved by the board of directors of each bank. The merger is expected to close during the third quarter of 2014, subject to shareholder and regulatory approval and other customary closing conditions.

As of March 31, 2014 Midtown Bank had 48 employees and approximately $200 million in assets, loans of $133 million, deposits of $159 million and equity of $20.4 million.  First Landmark had 30 employees and approximately $211 million in assets, loans of $131 million, deposits of $176 million and equity of $23.8 million. On a pro forma basis, the combined company will have approximately $411 million in assets and will operate 3 branches at the following locations: 307 N. Marietta Parkway, Marietta, GA, 712 West Peachtree Street, Atlanta, GA, and 6000 Sandy Springs Circle, Sandy Springs, GA.

During the merger discussions and negotiations, financial advisor Paces Battle Group and legal counsel Bryan Cave, LLP advised Midtown Bank. Financial advisor Sandler O’Neill + Partners, L.P. and legal counsel Miller & Martin, PLLC advised First Landmark Bank.

For answers to frequently asked questions regarding this merger announcement, click here.

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A Special Message to Midtown Bank and First Landmark Bank Shareholders:   

Midtown Bank and First Landmark Bank will mail to each of their respective shareholders a joint proxy statement and offering circular relating to the respective special meeting of shareholders to vote upon the merger. Shareholders are advised to read the joint proxy statement and offering circular carefully because it will contain important information about Midtown, First Landmark and the proposed merger. Among other information, the joint proxy statement and offering circular will contain the terms of the merger agreement, the shareholder meeting dates and voting instructions.  Other questions may be addressed to (MIDTOWN BANK) info@midtownbank.com or (FIRST LANDMARK BANK)  info@firstlandmarkbank.com or Email or to Renee White, Investor Relations, First Landmark Bank, P. O. Box 5138, Marietta GA 30061 or 770.799.5660.

2014 Cobb Chamber Membership Campaign

The business development officers of First Landmark Bank are participating in the 2014 Cobb Chamber Membership Campaign from now through early June. If you are interested in more information about becoming a member of the Cobb Chamber or enhancing your relationship with the Chamber, contact Renee White at 770.792.8870.

An investment in the Cobb Chamber is an investment in your personal, professional and community’s success. The Cobb Chamber can help you and your business achieve more.

- expand your network at Chamber events such as the Business After Hours and the Area Council meetings
- grow personally and professionally through dynamic leadership and professional associations
- save money with exclusive cost-savings programs such as Office Depot discount, prescription drug discount and Workers Compensation Insurance discount
- market your business and take advantage of the Chamber’s Business Resource Center

Learn more to Achieve more by contacting us today.

Bank Will Close on Presidents Day – Monday 2/17/14

First Landmark Bank will be closed on Monday, February 17, 2014 in observance of Presidents Day.

We are also very grateful to you for your understanding during our closings due to inclement weather.  We do not take these closings lightly knowing that we have a responsibility to every client, and we will always do our best to remain open or promptly re-open to the best of our ability. Thank you for your patience.

Congratulations to President DeWitt; SVP Pitstick

At the 2014 Cobb Chamber Annual Dinner, First Landmark Bank President and CEO Terry DeWitt received the Chairman’s Award from outgoing Chamber Chairman Greg Morgan. SVP Heather Pitstick received her second consecutive Lifetime Achievement award recognizing her efforts in the 2013 Chamber Membership Campaign. 

In presenting the Chairman’s Award, Mr. Morgan recognized Mr. DeWitt’s service on the Board of Directors of the Cobb Chamber and as chairman of the Finance Committee.

The dinner was held January 25, 2014 at the Cobb Galleria Centre, at which time Chairman Morgan concluded his term and handed the reins of chairmanship to Ben Mathis, a law partner at Freeman Mathis & Gary, LLP.

Credit Cards Available With Reward Options

First Landmark Bank is pleased to announce a new Platinum MasterCard program, available to businesses and individuals that includes choice of rewards points or cash back option with no annual program fee. Below are additional benefits available with the new Platinum MasterCard*:

  • No annual credit card fee
  • Competitive Annual Percentage Rate
  • Online access to all of your credit card activity information
  • 24/7 customer support
  • Credit card protection, assistance and savings

*Subject to credit approval. 

Learn more about the Platinum MasterCard program from the Bank’s Financial Specialists by calling 770.792.8870. They will be happy to help you select the program that is right for you or your business.

Phishing Alert – Be Smart. Be Suspicious.

In unrelated phishing scams, the IRS and Target are asking the general public to be vigilant in protecting their private information.  Read more to learn more about how you can protect your identify and your accounts.

IRS WARNS OF NATIONWIDE PHONE SCAM
The IRS today warned consumers about a sophisticated phone scam targeting taxpayers throughout the country. Victims are told they owe money to the IRS and that it must be paid promptly through a wire transfer or a pre-loaded debit card. The Scammers may be able to recite the last four digits of a victim’s Social Security Number. Telephone caller ID will appear that it is the IRS calling.  The IRS does not telephone taxpayers to request private information and will never ask for PINs, passwords or confidential access to credit cards, bank or other accounts. If you’ve been targeted by this scam, you should report the incident to the Treasurey Inspector General for Tax Administration at 800.366.4484. You should also contact the Federal Trade Commission and use their FTC Complaint Assistance at FTC.gov. Please add “IRS Telephone Scam” to the comments of your complaint.

TARGET DATA BREACH AND YOUR VULNERABILITY
Victims of the Target data breach are vulnerable to phishing attacks now. Remember: 

1. Banks do not ask for account numbers and other sensitive personal information by email.  If you have responded to a suspicious email, contact your bank immediately so it can help protect your account and your identity.

2. Never give our your personal or financial information in response to an unsolicited phone call, fax or email, no matter how official it may seem. Do not respond to emails that request such information or that threaten you.

3. Check your credit card and bank accounts statements regularly and look for unauthorized transactions, even small ones.  Report discrepancies immediately.

4. Report suspicious activity to the Internet Crime Complaint Center at http://www.ic3.gov/default.aspx a partnership between the FBI and the National White Collar Crime Center.

Other good practices to minimize the risk of becoming a victim:

-Keep a clean computer by having the latest security software, web browser and operating system.
-Make passwords long and strong.
-Connect with care. If an email or attachment looks suspicious, delete it. Be savvy about Wi-Fi hotspots and limit the type of businss you conduct.
-Think before you act.  If it sounds too good to be true, be wary of its legitimacy. It could be, and probably is, an attempt to scam you.

Online Banking Getting New Look and Features

A new look for the First Landmark Bank eConnect and eConnect Platinum Online Banking Systems has arrived.

In November 2013, First Landmark Bank upgraded the eConnect and (business) eConnect Platinum online banking system. The upgrade enhances your banking experience with a new look and convenient, immediate access to features you use most often. You will enjoy more efficient views of accounts and navigations to choose from. The upgrade also includes a new overview page that will allow you to review account balances and recent transactions, along with the ability to perform transfers quickly.

Check out the new release as we strive to provide you banking tools that will meet your present and future banking needs. 

New Platinum MasterCard Program Now Available

First Landmark Bank is pleased to announce a new Platinum MasterCard program, available to businesses and individuals that includes choice of rewards points or cash back option with no annual program fee. Below are additional benefits available with the new Platinum MasterCard*:

  • No annual credit card fee
  • Competitive Annual Percentage Rate
  • Online access to all of your credit card activity information
  • 24/7 customer support
  • Credit card protection, assistance and savings

*Subject to credit approval. 

Learn more about the Platinum MasterCard program from the Bank’s Financial Specialists by calling 770.792.8870.