Washington, D.C. – Olsen Palmer is pleased to announce that Athens, Tennessee-based Athens Federal Community Bank, National Association (“Athens Federal”), subsidiary of Athens Bancshares Corporation, has acquired 4 branches from Atlantic Capital Bank, N.A, subsidiary of Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI).
In so doing, Athens Federal assumed approximately $104 million in customer deposits and purchased approximately $15 million in loans and other assets affiliated with four branches located in Athens, Lenoir City, Madisonville, and Sweetwater, Tennessee.
Olsen Palmer LLC served as exclusive financial advisor to Athens Federal, with Christopher Olsen serving as lead advisor.
About Olsen Palmer:
Olsen Palmer, a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions, applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.