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Landmark Bancorp

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BUSINESS
November 8, 1993
Nature of business: Holding company for Orange County-based Landmark Bank Total employees: 139 In Orange County: 139 Stock listing in The Times: On NASDAQ "LdmkBc" Ticker symbol: "LMBC" Friday's stock close: $7.50 One-week change: Unchanged Analyst review: "Landmark Bancorp, headquartered in La Habra, is the parent company for Landmark Bank. Its recent overall performance is very good. Although it's not in a superior position, its earnings are strong and stable.
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BUSINESS
February 1, 1995
Landmark Bancorp, the La Habra parent company of Landmark Bank, recorded a 1994 profit of $1.8 million, or 96 cents a share. That was an increase of 29% from earnings of $1.4 million, or 73 cents a share, for the previous 12 months. Profit for the fourth quarter totaled $598,000, or 32 cents a share, up 64% from $364,000, or 20 cents a share, for the same period a year earlier. Assets rose 20% to $246.4 million from $205.5 million.
BUSINESS
November 4, 1995 | Times Staff and Wire Reports
Community Banks Plan Merger: Covina-based California State Bank will purchase Landmark Bancorp of La Habra in a cash and stock deal, according to a definitive agreement by the two companies. Landmark shareholders will receive $19.75 a share--$7.75 in cash plus $12 worth of California State stock, according to the announcement, which was made after the close of the markets. Landmark shares closed at $16.
BUSINESS
February 3, 1987
Landmark Bancorp said that net earnings for 1986 increased 7% to $1.15 million from $1.07 million the preceding year. The La Habra-based holding company for Landmark Bank said net earnings for the fourth quarter increased 7% to $418,000 from $389,600 in 1985. At the end of 1986, Landmark's assets totaled $154 million, up 34% from $115 million a year earlier.
BUSINESS
February 5, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
Landmark Bancorp, fighting Southern California's persistent recession and falling real estate values, posted annual net income of $273,000, or 15 cents a share. Earnings for the parent company of Landmark Bank in La Habra were well ahead of the modest $38,000 profit, or 3 cents a share, posted for the previous year when unauthorized loans caused a fourth-quarter loss. Revenue rose slightly to $19.6 million from $19.4 million.
BUSINESS
May 12, 1993
Landmark Bancorp's stock gained $1 a share to close at $6.75 in NASDAQ trading Tuesday. Company officials said they knew of no reason for the 17% increase. "We do know that some smaller institutional investors are buying" the stock, said Craig D. Collette, the company's president and chief executive. "Our stock is trading at about 50% of book value, which is very, very low. . . . Maybe some of these out-of-state institutions are taking a contrarian view."
BUSINESS
July 29, 1986 | JAMES S. GRANELLI
Landmark Bancorp, holding company for Landmark Bank, said it earned a record $285,000 in the second quarter, up 18.8% from $240,000. For the first half of the year, the La Habra-based bank company said, net income rose 13.5% to $470,000 from $414,000. The earnings do not include profits the bank expects from the purchase of assets of the failed Saddleback National Bank in Laguna Hills, which regulators took over May 15.
BUSINESS
April 22, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Languishing in the wake of an investigation into a series of unauthorized loans, Landmark Bancorp reported Tuesday that it earned just $95,000 during the first quarter, down 80% from $477,000 a year earlier. The company, which operates the La Habra-based Landmark Bank, blamed the earnings drop on a sharp increase in costs, associated with the opening of two new branches and the investigation into unauthorized lending by a former senior loan officer.
BUSINESS
July 11, 1995
California State Bank, in a move to expand its Orange County operations, announced plans Monday to acquire La Habra-based Landmark Bancorp. for a combination of cash and stock worth nearly $36.8 million. Landmark operates six banking offices with more than $220 million in deposits. California State Bank has 14 banking offices, including facilities in Anaheim, Corona del Mar, Newport Beach and Orange. The Covina-based institution picked up three branches last year in two separate deals.
BUSINESS
February 1, 1995
Landmark Bancorp, the La Habra parent company of Landmark Bank, recorded a 1994 profit of $1.8 million, or 96 cents a share. That was an increase of 29% from earnings of $1.4 million, or 73 cents a share, for the previous 12 months. Profit for the fourth quarter totaled $598,000, or 32 cents a share, up 64% from $364,000, or 20 cents a share, for the same period a year earlier. Assets rose 20% to $246.4 million from $205.5 million.
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