FOR IMMEDIATE RELEASE

Landmark Bank to Acquire Bank of Birch Tree

Mountain View - Landmark Bank has reached an agreement for the purchase of the Bank of Birch Tree, Located in Birch Tree, Missouri. Landmark Bank has filed for formal Federal approval of the acquisition and expects the process to be completed by April of this year.

“We’re happy to welcome the customers of the Bank of Birch Tree,” said Steve Vines, President Landmark Bank – Mountain View. “This gives us an opportunity to serve more of our friends and neighbors in the area.”

The Bank of Birch Tree began its history with the formation of Citizens State Bank in 1913 by Charles Bowden, whose family has continued in the organization. The seeds of Landmark Bank were sown in 1909 when Marquis Lafayette Landrum purchased the Bank of Mountain View. Ownership by the Landrum family continues to this day with Marquis Landrum building on his grandfather’s legacy. “Landmark Bank has a history of strong community involvement and support,” Vines said, “And we are looking forward to bringing that support to Birch Tree.”

“Our principal concern with the sale of the bank was the maintenance of an ongoing community focus,” said Katie Bowden, Bank of Birch Tree President and CEO, “Landmark Bank brings a hometown approach to banking that will strengthen the vitality of the area and serve the people of Birch Tree well into the future.”

After the sale closes in April, Bank of Birch Tree customers will be able to conduct their banking at any Landmark Bank, including the Birch Tree location. “We expect a seamless transition for Bank of Birch Tree customers,” said Vines.

When the acquisition is finalized, Landmark Bank will have 8 southern Missouri locations stretching from Licking to West Plains and east to Birch Tree. 

 

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Dear Bank of Birch Tree Customer,

We are pleased to tell you that The Bank of Birch Tree will soon be part of the Landmark Bank family. We are currently in the process of obtaining regulatory approval, which we expect to take a few weeks. When the process is complete, in addition to the current Birch Tree location, you will be able to conduct your banking at Landmark Bank locations in Mountain View , Willow Springs, West Plains, Cabool, Houston and Licking.

Landmark Bank and The Bank of Birch Tree share a similar history of family, home town banking that extends back more than 100 years. Birch Tree customers will be well served by the commitment to their local communities that has been the hallmark of Landmark Bank since its inception in 1904.

The transition of your account will be simple and straightforward, without any interruption of service. Plus, you will have familiar faces in the Birch Tree location to take care of you should you have any questions.

At this time there is nothing you need to do. As we get closer to finalizing the process, we will explain how to update your checks, and tell you about free checking, Internet banking, mobile banking, full function ATMs and many other no-cost conveniences offered by Landmark Bank.

The future of Birch Tree is bright, and Landmark Bank’s stability and commitment to the community will make it brighter still. We hope you will welcome this transition and recognize it as an opportunity to ensure the ongoing vitality of this place we call home.

Katie Bowden The Bank of Birch Tree

Steve Vines Landmark Bank