Commerce Street Capital Advises the Missouri-Based The Landrum Company on Its Placement of Common Stock That Raised More Than $30 Million
DALLAS--(BUSINESS WIRE)--Commerce Street Capital, LLC (CSC), a Dallas-based investment banking firm, served as financial advisor to The Landrum Company, Inc. on its recent placement of more than $30,000,750.00 in common stock. The Landrum Company is headquartered in Columbia, Mo. and is the holding company for Landmark Bank, which has more than $2 billion in assets. This announcement was made today by Dory Wiley, President and CEO of CSC.
“The company's strategic growth plans included strong internal growth and supporting acquisitions, and this new capital will allow the holding company to continue to grow its branch network and variety of services offered to its banking customers.”
CSC’s Bank Capital Group Managing Director Charlie Ingram was the lead financial advisor to The Landrum Company and was assisted by Senior Vice President Chris Meadows and Vice President Chris Moulton. CSC’s team worked closely with the leadership of The Landrum Company in the transaction. Meadows worked on-site in Missouri and Moulton worked on-site in various communities throughout Texas and Oklahoma during the entire process.
“The Landrum Company has been a successful, rapidly growing bank system serving many communities throughout Missouri, Texas and Oklahoma. We are proud to help them take their next steps to better serve their growing communities,” said Ingram. “The company's strategic growth plans included strong internal growth and supporting acquisitions, and this new capital will allow the holding company to continue to grow its branch network and variety of services offered to its banking customers.”
The Landrum Company currently operates 40 full-service banking offices throughout Central Missouri, Southern Missouri and Texoma (North Texas and Southern Oklahoma). The bank traces its history back almost 150 years and is the successor of Exchange National Bank, chartered in 1865, making it one of the oldest federally chartered banks west of the Mississippi River. The Landrum Company also offers mortgage banking, investment management and trust services.
CSC’s Bank Capital Group practice has more than 20 years of experience raising capital for community banks regardless of market direction or circumstances, in major metropolitan areas and rural communities across the country. CSC brings management teams, acquisition and organizer groups access to market assessment; charter application development; development and execution of a capital strategy; project consulting; full-time, on-site project management; and secure, real-time, dedicated on-line process management systems.
About Commerce Street Capital
Commerce Street Capital, LLC (“CSC”) is a private investment banking firm headquartered in Dallas, Texas. Led by veterans of the banking industry, CSC specializes in investment banking services (mergers and acquisitions, valuations and regulatory issue advising) and bank development (on-site consulting, sales and management of bank capital raises, market assessments and the bank regulatory application process). The firm provides tailored solutions for all or part of a financial institution's business lifecycle. For more information, visit www.commercestreetcapital.com or call 214-545-6800. CSC is a member of FINRA/SIPC.
This press release is for information purposes only and does not constitute a solicitation or offer by Commerce Street Capital, LLC, to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service. The testimonials stated within this press release may not be representative of the experience of other clients. The testimonials stated within this press release are not indicative of future performance or success. The testimonials stated within this press release are not paid testimonials.