Touchmark Bancshares promotes Steve Schaefer to chief credit officer

Touchmark Bancshares, Inc. (OTCID: TMAK) announced the promotion of Steve Schaefer to Executive Vice President and Chief Credit Officer of Touchmark National Bank, effective immediately.

Schaefer joined Touchmark National Bank as Senior Credit Officer in August 2025 and will continue overseeing credit administration responsibilities for the company.

Bobby Krimmel, President and Chief Executive Officer of Touchmark National Bank, stated that Schaefer's promotion recognizes his role in addressing regulatory concerns related to credit monitoring and problem loan management identified in the bank's Formal Agreement with the Office of the Comptroller of the Currency.

According to the company, Schaefer resolved credit administration issues within three months, leading to the termination of the Formal Agreement on February 17, 2026.

Touchmark Bancshares is the holding company for Touchmark National Bank, a community bank founded in 2008 and headquartered in Alpharetta, Georgia. The bank serves 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.

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