Landmark Federal, Security National Merge

DODGE CITY AND MANHATTAN, KS-The new banking company will have assets of nearly $400 million, with 12 branches in eight counties. Larry Schugart and Patrick L. Alexander will hold down the top posts in the new company.

By Judie Burkhalter | April 24, 2001 at 01:01 AM

In the new company, Landmark shareholders will receive one share of common stock and MNB shareholders will receive 0.523 shares for each share owned. Landmark shareholders will owns about 60% of the company and MNB shareholders will own the remaining 40%.

Trading on the Nasdaq Market will be under the symbol LARK. Larry Schugart, Landmark president and CEO will serve as chairman of the new company. Patrick L. Alexander, MNB president and CEO, will become the president and CEO.

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