TOUCHMARK BANCSHARES, INC. ANNOUNCES TERMINATION OF FORMAL AGREEMENT WITH THE OCC

Touchmark Bancshares (OTCID: TMAK) announced termination of its Formal Agreement with the Office of the Comptroller of the Currency effective February 17, 2026.

Rhea-AI Summary

Touchmark Bancshares (OTCID: TMAK) announced termination of its Formal Agreement with the Office of the Comptroller of the Currency effective February 17, 2026. The enforcement action was initiated on April 17, 2024 and lasted approximately 22 months. Management said the company will refocus on full relationship banking for entrepreneurs and businesses with revenue up to $50 million.

The termination signals a regulatory milestone for the holding company and may remove prior operational constraints tied to the Formal Agreement.

Positive

• Formal Agreement terminated effective February 17, 2026
• 22-month resolution period from April 17, 2024 to February 17, 2026

Negative

• Was subject to an OCC enforcement action beginning April 17, 2024

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ALPHARETTA, Ga., Feb. 18, 2026 /PRNewswire/ -- Touchmark Bancshares, Inc. (OTCID: TMAK), the holding company for Touchmark National Bank, is pleased to announce that its Formal Agreement with the Office of the Comptroller of the Currency ("OCC") was terminated effective February 17, 2026. The enforcement action was initiated on April 17, 2024.

Bobby Krimmel, President and Chief Executive Officer of Touchmark National Bank, commented, "We are excited to announce the termination of the Formal Agreement with the OCC after 22 months. On behalf of the Board, I would like to thank the OCC for helping Touchmark become the best possible community bank. I look forward to the next chapter of Touchmark with a focus on full relationship banking for entrepreneurs, small and medium sized businesses with revenue up to $50 million."

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 December 31, 2025, Touchmark reported total assets of $418 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

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What does the termination of the OCC Formal Agreement mean for Touchmark Bancshares (TMAK)?

It removes a regulatory enforcement constraint that had applied for 22 months. According to the company, termination effective February 17, 2026 may allow greater operational flexibility and renewed focus on customer-facing banking strategies.

When did the OCC enforcement action against Touchmark (TMAK) begin and end?

The enforcement action began on April 17, 2024 and ended with termination on February 17, 2026. According to the company, the Formal Agreement remained in effect for roughly 22 months.

How might the Formal Agreement termination affect Touchmark National Bank's strategy?

It may enable a renewed focus on growth and customer relationships. According to the company, leadership plans to prioritize full relationship banking for entrepreneurs and businesses with revenue up to $50 million.

Is the termination of the OCC Formal Agreement a final regulatory outcome for Touchmark (TMAK)?

Yes; the company reports the Formal Agreement was terminated effective February 17, 2026. According to the company, that termination represents the close of the documented enforcement action.

Will the Formal Agreement termination likely affect Touchmark (TMAK) stockholder outlook?

The termination could be viewed positively as reduced regulatory overhang. According to the company, ending the Formal Agreement may improve strategic execution, though direct financial effects were not detailed in the announcement.

What timeline did Touchmark (TMAK) provide for its post-termination priorities?

Management signaled an immediate refocus on relationship banking for small and medium businesses. According to the company, leadership will concentrate on entrepreneurs and firms with revenue up to $50 million going forward.