Business
ROBERT E. KRIMMEL NAMED PRESIDENT, CHIEF EXECUTIVE OFFICER, AND DIRECTOR
Touchmark Bancshares, Inc. (OTC Pink: TMAK), the holding company for Touchmark National Bank, today announced that Robert E. ("Bobby") Krimmel was appointed as its President, CEO and director of Touchmark National Bank. Krimmel most recently served as Chief Administrative Officer of First Farmers and Merchants Bank and Chief Financial Officer of First Farmers and Merchants Corporation. Krimmel succeeds Dr. J.J. Shah, who is retiring from Touchmark National Bank after seven years of service. Dr.
About this update from Touchmark Bancshares, Inc.
[{"type":"text","content":"ALPHARETTA, Ga., March 27, 2025 /PRNewswire/ -- Touchmark Bancshares, Inc. (OTC Pink: TMAK), the holding company for Touchmark National Bank, today announced that Robert E. ("Bobby") Krimmel was appointed as its President, CEO and director of Touchmark National Bank. Krimmel most recently served as Chief Administrative Officer of First Farmers and Merchants Bank and Chief Financial Officer of First Farmers and Merchants Corporation. Krimmel succeeds Dr. J.J. Shah, who is retiring from Touchmark National Bank after seven years of service. Dr. Shah will remain on Touchmark's Boards as Chairman.","length":613,"tagName":"p"},{"type":"text","content":"During his almost 10-year tenure at First Farmers and Merchants Bank, Krimmel positively impacted financial results by growing net income by 56%, maintaining annual average core earnings per share growth rate of 8%, and reducing operational efficiency by 5%. At First Farmers, Krimmel successfully managed most of the major support functions including accounting, treasury, information technology, project management, internal controls, information security, fraud, risk management, facilities, management reporting systems, corporate communications, and shareholder services. Additionally, Krimmel provided executive leadership to the internal audit and the regulatory compliance functions and was the primary liaison for all regulatory authorities and external auditors.","length":772,"tagName":"p"},{"type":"text","content":"Commenting on the announcement, Dr. J.J. Shah, Chairman of the Boards of Touchmark Bancshares, Inc. and Touchmark National Bank, said, "After seven years as President and CEO of Touchmark National Bank, I have decided to step down to spend more time with my family and welcome the next generation of leadership to Touchmark National Bank. We are excited to have someone with Bobby's strategic vision and experience to lead Touchmark National Bank into its next chapter of growth. We think we have the right leader to oversee dynamic change with a focus on deepening our ties to the Alpharetta and other local markets."","length":632,"tagName":"p"},{"type":"text","content":""We are grateful for the leadership and steady hand Dr. Shah provided to Touchmark for the past seven years," said Byron Richardson, lead director of Touchmark Bancshares, Inc...