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Banking News
Business News Articles from eNewsChannels™
Edited for Send2Press by Carly Zander
Landmark National Bank Reports 2003 Results
SAN DIEGO, Calif. - February 27, 2004 /Send2Press Newswire/ -- Landmark National Bank (OTC BB: LMRK),
which commenced operation August 26, 2002, reports deposits of $30,812,000 as of December 31, 2003
compared to $6,999,000 as of December 31, 2002, an increase of 340%.
During the same period, loans grew from $1,541,000 to $18,248,000, an increase of 1,084% and total assets
grew from $17,111,000 to $38,994,000, an increase of 128%. Landmark National Bank's net loss for the year
ended December 31, 2003 was $2,058,000 or $1.77 per share.
The bank significantly expanded its operation during the year with the opening of a second full service
office in La Jolla as well as a two day per week banking facility at White Sands of La Jolla (retirement
community).
In addition to the La Jolla Village office and White Sands of La Jolla facility, Landmark National Bank
has a full service banking facility in Solana Beach. Landmark National Bank offers traditional full-
service banking to individual customers, professionals and small- and medium-sized businesses. In
addition to a variety of deposit accounts, the bank offers a mix of loan products that include
commercial, professional and industrial lending packages, and Small Business Administration loans as well
as consumer, installment, home equity, construction and real estate loans.
Landmark National Bank's Lomas Santa Fe office and Corporate Headquarters are located at 937 Lomas Santa
Fe Drive (I-5 and Lomas Santa Fe Drive) in Solana Beach and the La Jolla Village office is located at
7817 Ivanhoe Avenue in La Jolla.
For more information, call 800.509.4008, contact info@landmarknationalbank.com or visit
http://www.landmarknationalbank.com.
• Previous News from Landmark National Bank
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