Touchmark Bancshares in Alpharetta, Ga., has been freed from a formal agreement with the Office of the Comptroller of the Currency.
The $418 million-asset company entered into the agreement in April 2024.
“We are excited to announce the termination of the formal agreement … after 22 months,” Bobby Krimmel, Touchmark’s president and CEO, said in the release.
“On behalf of the board, I would like to thank the OCC for helping Touchmark become the best possible community bank,” Krimmel added. “I look forward to the next chapter of Touchmark with a focus on full relationship banking for entrepreneurs, small and medium sized businesses with revenue up to $50 million.”