Landmark Bancorp, Inc. Completes Acquisition of Freedom

Manhattan, KS, Oct. 04, 2022 (GLOBE NEWSWIRE) — Landmark Bancorp, Inc. (Nasdaq: LARK) (“Landmark”), the holding company of Landmark National Bank, announced today that it has completed its acquisition of Freedom Bancshares, Inc. (“Freedom”), the holding company of Freedom Bank, which has total loans and deposits of approximately $117 million and $150 million, respectively. As a result of the merger, which was completed prior to the opening of business on October 1, 2022, Landmark now has total assets of approximately $1.5 billion and total deposits of approximately $1.3 billion with 31 branches in 24 communities across Kansas, including Freedom’s former headquarters location in Overland Park, Kansas.

“We are extremely gratified by the strong support and collaboration of our shareholders, customers, management and associates throughout this process,” commented Michael E. Scheopner, Landmark’s President and CEO. “Now that the merger is completed, we look forward to incorporating Freedom Bank’s successful operations and personnel into Landmark National Bank’s existing footprint across Kansas. 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.”

The combined company is operating under the name “Landmark Bancorp, Inc.” and will continue to list its common stock on the Nasdaq Global Select Market and trade under the symbol LARK. Principal offices of Landmark will remain at 701 Poyntz Avenue, Manhattan, Kansas 66502.

Cummings & Company, LLC acted as financial advisor and Barack Ferrazzano Kirshbaum & Nagelberg LLP served as legal counsel to Landmark. Olsen Palmer LLC acted as financial advisor and Fenimore Kay Harrison LLP served as legal counsel to Freedom.

About Landmark 

Landmark Bancorp, Inc., the holding company for Landmark National Bank, is listed on the…