#United States #Alpharetta #Touchmark National Bank #Bobby Krimmel #Meena Shah

Touchmark Bancshares, Inc. Announces Significant Developments

In an important update from Touchmark Bancshares, Inc. (OTCID: TMAK), the financial community is buzzing over recent announcements that signify a strong commitment to shareholder value and strategic leadership changes. This Alpharetta, Georgia-based company is the holding entity of Touchmark National Bank and has revealed key decisions made by its Board of Directors that could shape its future.

Stock Repurchase Program to Boost Shareholder Value

Touchmark has officially authorized a new stock repurchase program, allowing the company to buy back up to 200,000 shares of its common stock. This initiative will be executed in the open market or through privately negotiated transactions, set to continue until May 26, 2027, unless decided otherwise. The move is being celebrated by investors as it reflects the board's confidence in the company’s robust relationship banking strategy and future growth potential.

Bobby Krimmel, now the President and CEO of Touchmark, commented on this new program, stating, "Our stock repurchase program demonstrates our Board's faith in our strategic vision and our capacity to yield future returns for our shareholders." His reassurance is vital as the financial landscape becomes increasingly competitive. The program aims not only at enhancing shareholder value but also signifies a proactive approach to investment in the business itself.

Leadership Changes to Drive Future Growth

In addition to the stock repurchase program, Touchmark hosted its Annual Meeting on May 27, 2026, where shareholders re-elected Meena Shah and Dinesh Raju to the board for another three-year term. Their continued leadership will undoubtedly contribute to the company's strategic direction as they navigate through current financial challenges and opportunities.

On the executive front, the company has appointed Bobby Krimmel as President and CEO for both Touchmark Bancshares and Touchmark National Bank. This consolidation of leadership will ensure a unified vision and coherent strategy for future growth. Meanwhile, Dr. J.J. Shah will remain in his pivotal role as Chairman, providing the necessary oversight while Krimmel embarks on this new chapter of leadership.

This combination of a stock buyback program and enhanced leadership signals a positive trajectory for Touchmark Bancshares, focusing on operational efficiency, and reinforcing its dedication to community banking.

About Touchmark Bancshares, Inc.

Founded in 2008, Touchmark Bancshares, Inc. operates Touchmark National Bank, catering to several counties including Cherokee, Cobb, Dekalb, Forsyth, Gwinnett, and North Fulton in Georgia. As of March 31, 2026, the bank reported impressive financials, highlighting total assets of $410 million and shareholders' equity amounting to $71 million. This solid foundation enables the bank to explore more ways to enhance customer service while driving profitability and shareholder returns.

To stay informed about their latest initiatives and financial reports, stakeholders and interested parties can visit Touchmark's Investor Relations page for comprehensive insights.

In summary, the initiatives announced by Touchmark Bancshares promise to fortify its position within the banking sector, showcasing its commitment to building long-term shareholder value and sustaining robust organizational leadership.