First National Bank in the region will undergo a name change to Landmark Bank early next year, the institution announced this week.
The new name is a result of decision by its owner, the Landrum Co., to bring its family of three banks – First National Bank in southern Missouri, First National Bank & Trust in Columbia and Landmark Bank in Texas and Oklahoma together under one name, said Logan Dale, regional president and CEO of First National Bank.
“We like the name Landmark Bank. We feel our bank has been a landmark in southern Missouri for years. It also refers to the Landrum family who has maintained ownership and provided leadership for our bank since its inception in 1904,” Dale said.
Dale stressed that “with the exception of a new name, we will still be the same organization we are now, with the same management, same faces and service, providing the same local decision making. We will begin using the new name Landmark Bank in early 2009.”
Dale said combining the three regional banks owned by the Landrum family is a logical step for the organization that has historically built strong community banks and combined them into three regional banks that the Landrum Co. currently owns.
“This is the final step of bringing our family of banks together under one name,” he said.
The Landrum family’s roots run deep in southern Missouri, dating back to the early 1900s when Marquis Lafayette Landrum purchased a bank in Mountain View, now known as First National Bank.
It has assets totaling about $300 million with locations in Mountain View, Houston, Willow Springs, Licking, Cabool and West Plains.