Landmark Bank in Columbia, Mo., has raised $30 million through a private placement of common stock.

The capital raise was announced by Commerce Street Capital, an investment bank in Dallas.

"This new capital will allow the holding company to continue to grow its branch network and variety of services offered to its banking customers," Charlie Ingram, the managing director for bank capital at Commerce Street, said in a press release Monday.

The $2 billion-asset Landmark is a subsidiary of the Landrum Co. The bank operates 40 offices in Missouri, Texas and Oklahoma.

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