LandMark Financial Extends Deadline for Offer to Purchase and Consent Solicitation for Trust Preferred Securities

SARASOTA, Fla., March 19 /PRNewswire/ -- LandMark Financial Holding Company (the "Company") announced today that it is extending the Expiration Time with respect to its private cash offer to purchase, and solicitation of consents relating to, the trust preferred securities ("TruPS") issued by LandMark Financial Statutory Trust I with an aggregate liquidation amount of $5,000,000 (the "Offer").

The Expiration Time for the Offer will now be 5:00 p.m., Eastern Time, on April 9, 2010, unless extended or earlier terminated by the Company. For the Offer to be accepted, holders of the TruPS must validly tender, and not withdraw, their TruPS prior to the Expiration Time, unless extended or earlier terminated by the Company. TruPS accepted for purchase will be paid for on the settlement date, which, assuming the offer to purchase is not extended, will be promptly after the Expiration Time.

The terms and conditions of the Offer, which will expire as shown above unless extended or earlier terminated by the Company, is described in the Offer to Purchase for Cash and Consents Solicitation Statement (the "Offer to Purchase Statement") and the related Letter of Transmittal and Consent, each dated as of February 1, 2010 and previously sent to holders of the TruPS. Except for the extension of the Expiration Time as described in this press release, all other terms and conditions of the offer to purchase and consents solicitation remain unchanged.

Because the TruPS are held as part of a larger pool of securities by one or more trustees or nominees, each trustee or nominee will not act until it believes it has the requisite authority from the ultimate beneficial holders who, pursuant to the terms of their individual instruments, hold the right to authorize the trustee or nominee to accept the Offer.  To our knowledge, as of 5:00 p.m., Eastern Time, on March 18, 2010, the requisite authority had not been obtained with respect to the TruPS and none of the TruPS had been tendered.

This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any securities. The offer to purchase and consents solicitation is being made solely pursuant to the Offer to Purchase Statement and the related Letter of Transmittal and Consent, which set forth the complete terms of the offer to purchase and consents solicitation.

About LandMark Financial Holding Company:

LandMark Financial Holding Company is a privately held Florida bank holding company and the parent company of LandMark Bank of Florida.

For further information about the Bank, please visit its website:

www.landmarkbankfl.com

Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of LandMark Financial Holding Company ("the Company") and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. Forward-looking statements in this press release relating to the Company's cash offer to purchase the outstanding TruPS are subject to the risk that the offer is not accepted by the requisite holders of the TruPS to which the offer relates and that we are not able to obtain financing upon acceptable terms or in amounts sufficient to complete the offer, if at all. The Company cautions that the foregoing factors are not exclusive.

SOURCE LandMark Financial Holding Company