Landmark National Bank, the wholly-owned subsidiary of Landmark Bancorp, Inc., announced the completion of its acquisition of Citizens Bank, National Association (“Citizens Bank”) from First Capital Corporation (“First Capital”), effective November 1, 2013. The acquisition was effected through the merger of Citizens Bank with and into Landmark National Bank. Prior to the acquisition, Citizens Bank had operated in eastern Kansas for 129 years.
The acquisition adds eight additional branches – including two in Fort Scott, Iola, Kincaid, Lenexa, Mound City, Overland Park and Pittsburg, Kansas – to Landmark’s existing branch network, giving Landmark a total of 30 offices in 23 communities across Kansas. With combined assets of approximately $820 million after the acquisition, Landmark Bancorp, Inc., the parent company of Landmark National Bank, ranks as the second-largest public bank holding company in Kansas.
Patrick L. Alexander, Chairman and CEO of Landmark National Bank, said, "We are excited about completing our acquisition of Citizens Bank and being involved in these great Kansas communities. We look forward to welcoming our new business and personal banking customers to the Landmark organization. We will continue to provide all of our customers, including those joining us through this acquisition, with a customer-friendly partner focused on providing a wide range of valuable Landmark products and services."
H. Dean Mann, who has served as Chairman of Citizens Bank, stated, "We were proud to own Citizens Bank for the past twenty-four years. We believe the community and customer focus for which Landmark is well known fits very nicely with the community banking services that Citizens Bank has delivered to its customers. Landmark is a strong organization whose values, products and solid performance will allow customers to continue to enjoy a great relationship with a community-friendly and customer-focused financial organization based here in Kansas."