Investor Relations
Dear Touchmark Investor,
It is with great pleasure that I inform you that on January 22, 2008, investments in Touchmark Bancshares, Inc. exceeded $31,250,000, the amount required for us to open our doors for business. With all of our regulatory approvals in hand, Touchmark National Bank officially opened for business on January 28th at our Davinci Court headquarters location. I am grateful for the extraordinary efforts of our Organizers and Staff as well as all of our Investors who have made this day a reality.
For those of you who have visited our Davinci Court Headquarters, you know that it is not a traditional branch location, though we are equipped to handle all of your banking needs. The completion of our first full-service branch at 3170 Peachtree Industrial Blvd., Duluth, GA 30097 (the intersection of Abbotts Bridge Road and Peachtree Industrial Blvd.), is scheduled for late February and we should open shortly thereafter. We will be contacting you about our grand opening as plans are finalized. We will also have a celebration for all of our charter shareholders later this spring once our offering is completed.
The economic environment, particularly in the banking industry, has been challenging. The fact that we have raised almost $32 million over the past four months is remarkable. That we have managed this offering ourselves to this point without paying a commission, and that we required no institutional money to reach our minimum capitalization gives us confidence that we have started something very special. We made a conscious decision early on to offer our stock to the community as a whole and to make our minimum investment $10,000 so that it would be affordable to a broader spectrum of investors. We currently have over 400 investors who have expressed their confidence in the vision of Touchmark National Bank – for that, we are truly thankful.
Our stock offering will remain open through March 31, 2008, unless we achieve our $41.5 million maximum sooner. Our growth plan requires a significant capital base, thus the sale of additional shares between now and March 31st will contribute to our long-term success. Should you wish to purchase additional shares, or if you know someone who might benefit from the receipt of our prospectus, please give me a call.
I would also like to invite you to become a client of Touchmark National Bank. The best way for you to enhance the value of your investment is to do business with us! I promise you the highest level of customer service in the industry as over the coming months we bring online a robust array of banking products and services delivered by highly motivated and experienced banking associates. Please drop by or give us a call.
What should you be looking for next? We are currently at work with our Transfer Agent to finalize our charter list of shareholder names and addresses. Stock certificates will be printed and mailed to each of you within the next 30 days. If you have had a change of address, please let us know as soon as possible.
Thank you again for your confidence in helping us to establish the new standard in banking. We are excited to be open and we promise to keep you apprised of our progress.
Sincerely,
William R. Short
President & CEO
