Washington, D.C. – Olsen Palmer LLC is pleased to announce that on December 2, 2016, American Trust Bank was acquired by Citizens Bank for $19.8 million in cash.
Olsen Palmer served as exclusive financial adisor and issued a Fairness Opinion to American Trust Bank.
This the 11th whole-bank or branch M&A transaction announced or completed in the past 24 months in which Olsen Palmer LLC served as advisor, involving buyers and sellers from 7 different states.
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About Olsen Palmer LLC
Olsen Palmer LLC is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions.
By design, we take an independent approach: nimble, high-touch, and conflict-free.
Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.