FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Landmark Bank, N.A. has announced that the Office of the Comptroller of the Currency has terminated its Consent Order with the Bank, effective February 28, 2014. Landmark Bank is now again considered “safe and sound.”
“Our Board and management team have worked diligently to finalize a multi-year strategic plan, restore the Bank to acceptable Tier 1 capital levels, mitigate risk and enhance the loan portfolio. The termination of the Consent Order is a clear demonstration of the positive results of our actions and removes significant operational and financial constraints, allowing us to refocus resources on building long-term shareholder value through the delivery of high quality products and services to our customers,” said Perry A. LaCaria, Landmark Bank’s President & CEO.
Landmark Bank specializes in business banking solutions, including commercial real estate loans and lines of credit, commercial and industrial loans, and homeowner and condo association financial services. Additional business services include Mobile Banking, Online Cash Management, Remote Deposit Capture, Merchant Services, Business Credit Cards, Courier Service, deposit accounts and more.
Landmark Bank, N.A. a locally-owned community bank established in 1998, has $268 million in assets. It operates two full-service branches in Fort Lauderdale, located at 2600 East Commercial Boulevard and at 700 SE Third Avenue, Suite 100 near downtown Fort Lauderdale. For more information, visit www.landmarkbankonline.com, or call (954) 958-0050.