First Kansas Financial Corporation Contact: Larry V. Bailey
600 Main Street President
Osawatomie, Kansas 66064 (913) 755-3033
Date: March 12, 2004
FOR IMMEDIATE RELEASE
- ---------------------
FIRST KANSAS FINANCIAL CORPORATION SHAREHOLDERS APPROVE
MERGER WITH LANDMARK BANCORP, INC.
Osawatomie, Kansas -- First Kansas Financial Corporation (the "Company"),
the parent savings and loan holding company of First Kansas Federal Savings
Bank, Osawatomie, Kansas, announced that a Special Meeting of Stockholders was
held yesterday. At the meeting, stockholders approved the Agreement and Plan of
Merger dated November 13, 2003, among Landmark Bancorp, Inc., Landmark
Acquisition Corporation and First Kansas Financial Corporation, pursuant to
which (i) Landmark Acquisition Corporation, a newly-formed subsidiary of
Landmark Bancorp will merge with and into First Kansas, and (ii) upon
consummation of the merger, each outstanding share of First Kansas common stock
(other that certain shares held by First Kansas or Landmark and shares the
holders of which have dissenters' rights of appraisal) will be converted into
the right to receive $19.00 in cash (subject to possible reduction in the event
of a reduction in the adjusted stockholders' equity of First Kansas below
predetermined levels), without interest.
The Merger is expected to close on or about April 1, 2004. The Company's
common stock is traded on the NASDAQ SmallCap Market under the symbol "FKAN".
This release may contain forward-looking statements. We caution that such
statements may be subject to a number of uncertainties and actual results could
differ materially and, therefore, readers should not place undue reliance on any
forward-looking statements. First Kansas Financial Corporation does not
undertake, and specifically disclaims, any obligation to publicly release the
results of any revisions that may be made to any forward-looking statements to
reflect the occurrence of anticipated or unanticipated events or circumstances
after the date of such statements.