Landmark Bank of Kincaid announced that they will be closing at the end of the year, bringing an end to a storied legacy of small town banking dating back 135 years. The Bank of Kincaid was organized and chartered in 1889, according to the Anderson County Historical Society.
What brought about the decision? Landmark CFO Mark Herpich says decreased traffic at the location and changing customer patterns necessitated the change. He says they have seen a significant decrease in the number of customers who visit the Kincaid branch over the past few years, as customers have increased their use of Landmark’s digital services like direct deposit, remote deposit and online & mobile transfers. He did say that customers who wanted or needed in-person visits could still use the branches in Mound city and Iola.
Landmark owns the bank building, as well as the former bank location to the south that now houses the Kincaid Post Office. He said the company is presently evaluating what to do with that real estate.
