SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
March 20, 1997
Landmark Bancshares, Inc.
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(Exact name of Registrant as specified in its Charter)
Kansas 0-23164 48-1142260
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(State of Incorporation) (SEC File No.) (IRS Employer
Identification Number)
Central and Spruce Street, Dodge City, Kansas 67801
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (316) 227-8111
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Not Applicable
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(Former name or former address, if changed since last Report)
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LANDMARK BANCSHARES, INC.
INFORMATION TO BE INCLUDED IN REPORT
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Item 5. Other Events
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The Registrant announced that its Board of Directors had discontinued a
stock repurchase program authorized by the Board of Directors on October 16,
1996 to repurchase up to 5% of the outstanding shares of the common stock of the
registrant in the open market and in accordance with regulatory approval and
restrictions.
For further details, reference is made to the press release dated March
20, 1997, which is attached hereto as Exhibit 99 and incorporated herein by this
reference.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits
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Exhibit 99 -- Press Release dated March 20, 1997.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Landmark Bancshares, Inc.
Date: March 20, 1997 By: /s/Larry Schugart
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Larry Schugart
President
NEWS RELEASE EXHIBIT NO. 99
March 20, 1997
[LANDMARK BANCSHARES, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE
FOR FURTHER INFORMATION CONTACT:
Larry Schugart, President or
James F. Strovas, Sr Vice-President
Phone: 316-227-8111
Landmark Bancshares, Inc.
Discontinues Stock Repurchase Program
Dodge City, Kansas, March 20, 1997 -- Landmark Bancshares, Inc., the holding
company for Landmark Federal Savings Bank, discontinued the plan adopted October
16, 1996, to repurchase up to 92,649 shares of the Company's common stock in the
open market by March 27, 1997, the third year anniversary date of the Bank's
conversion from mutual-to-stock form. Larry Schugart, President, said the
Company has been successful in repurchasing 45,000 shares at an average cost of
approximately $18.04 per share. This repurchase program was conducted in
accordance with the necessary regulatory approval and restrictions applicable to
repurchase programs within three years of a stock conversion.
The Company completed its offering of 2,281,312 shares of common stock at $10.00
per share in connection with the conversion of the Bank from a federally
chartered mutual savings association to a federally chartered stock savings bank
on March 28, 1994. As of March 19, 1997, the company, which has implemented four
stock repurchase programs, has outstanding 1,807,996 shares of common stock.
President Schugart said the Company will consider additional stock repurchases
after the expiration of the regulatory restrictions applicable until March 27,
1997.
The Bank is a federally-chartered stock savings bank headquartered in Dodge
City, Kansas. In addition, the Bank has four branch offices located in Garden
City, Great Bend, Hoisington, and La Crosse, Kansas. The Bank's deposits are
federally-insured by the Federal Deposit Insurance Corporation ("FDIC"). The
Bank is a community-oriented, full service retail savings bank offering
traditional mortgage loan products. At December 31, 1996, Landmark Bancshares,
Inc. had total assets and stockholders' equity of $221,978,219 and $32,709,133,
respectively. The Corporation's common stock is traded in the over-the-counter
market on the NASDAQ National System under the symbol "LARK."
STOCK TRADED ON NASDAQ NATIONAL MARKET SYSTEM UNDER THE
SYMBOL "LARK"
CENTRAL AND SPRUCE/P.O. BOX 1437/DODGE CITY, KANSAS 67801-1437/(316)227-8111
OFFICES IN: DODGE CITY - GARDEN CITY - GREAT BEND - HOISINGTON - LACROSSE
