TOUCHMARK BANCSHARES, INC. ANNOUNCES STOCK REPURCHASE PROGRAM, ANNUAL SHAREHOLDER VOTING RESULTS, AND EXECUTIVE APPOINTMENT

Rhea-AI Summary

Touchmark Bancshares (OTCID:TMAK) authorized a new stock repurchase program for up to 200,000 common shares, to be executed in the open market or via private deals until May 26, 2027, unless changed.

Shareholders reelected Meena Shah and Dinesh Raju, and Bobby Krimmel became President and CEO of both the company and the bank, with Dr. J.J. Shah remaining Chairman.

AI-generated analysis. Not financial advice.

Positive

• Board authorizes repurchase of up to 200,000 common shares through May 26, 2027
• Shareholder vote confirms board continuity by reelecting two directors to three-year terms
• Unified leadership with Bobby Krimmel as President and CEO of both company and bank

Negative

• None.

News Market Reaction – TMAK

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+1.98% News Effect

On the day this news was published, TMAK gained 1.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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ALPHARETTA, Ga., June 1, 2026 /PRNewswire/ -- Touchmark Bancshares, Inc. (OTCID: TMAK), the holding company for Touchmark National Bank, today announced its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to 200,000 shares of its outstanding common stock in the open market or through privately negotiated transactions until May 26, 2027, unless extended or otherwise terminated. The Company also announced that shareholders, at its Annual Meeting held on May 27, 2026, reelected Meena Shah and Dinesh Raju to serve on the board for three-year terms. Finally, the Company announced that Bobby Krimmel will now serve as President and CEO for both the Company and the Bank while Dr. J.J. Shah will continue serving as Chairman. 

Bobby Krimmel, President and Chief Executive Officer of Touchmark Bancshares, Inc., commented, "Our stock repurchase program reflects our Board's confidence in the value of our relationship banking strategy and our ability to generate future returns for our shareholders. We remain focused on enhancing shareholder value while continuing to invest in our business."

About Touchmark Bancshares, Inc., and Touchmark National Bank

Touchmark Bancshares, Inc. is the holding company for Touchmark National Bank, a community bank founded in 2008 and headquartered in Alpharetta, Georgia, serving Cherokee, Cobb, Dekalb, Forsyth, Gwinnett, and North Fulton counties. As of March 31, 2026, Touchmark reported total assets of $410 million and total shareholders' equity of $71 million. For more information about Touchmark, visit us at www.touchmarknb.com under Investor Relations.

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SOURCE Touchmark Bancshares, Inc.

FAQ

What stock repurchase program did Touchmark Bancshares (OTCID:TMAK) announce on June 1, 2026?

Touchmark Bancshares announced a new stock repurchase program authorizing buybacks of up to 200,000 common shares. According to Touchmark, repurchases may occur in the open market or through privately negotiated transactions, providing flexibility in capital management until May 26, 2027, unless extended or terminated.

How many TMAK shares can Touchmark Bancshares repurchase and until when?

Touchmark Bancshares is authorized to repurchase up to 200,000 shares of its outstanding common stock. According to Touchmark, the authorization runs through May 26, 2027, and allows purchases in the open market or via private transactions, subject to potential extension or earlier termination.

What leadership changes did Touchmark Bancshares (TMAK) announce in June 2026?

Touchmark Bancshares appointed Bobby Krimmel as President and CEO of both the company and the bank. According to Touchmark, Dr. J.J. Shah will continue serving as Chairman, aligning executive leadership across the organization while maintaining board-level continuity in the chair role.

Who was reelected to the Touchmark Bancshares board at the May 27, 2026 annual meeting?

Shareholders reelected Meena Shah and Dinesh Raju to the Touchmark Bancshares board for new three-year terms. According to Touchmark, the votes occurred at the annual shareholder meeting held on May 27, 2026, supporting continued oversight and governance stability for the company.

What does the Touchmark Bancshares (TMAK) stock buyback mean for shareholders?

The authorization allows Touchmark Bancshares to repurchase up to 200,000 common shares through May 26, 2027. According to Touchmark, the program reflects the board’s confidence in its relationship banking strategy and future shareholder returns while it continues investing in the business and focusing on shareholder value.