Washington, D.C. – Olsen Palmer is pleased to announce that First Freedom Bank, subsidiary of Lebanon, TN-based First Freedom Bancshares, Inc. (“First Freedom”), has acquired 3 branches from Atlantic Capital Bank, N.A, subsidiary of Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI).
First Freedom assumed approximately $101 million in customer deposits and purchased approximately $30 million in loans and other assets affiliated with three branches located in Algood, Cookeville, and Gainesboro, Tennessee.
Olsen Palmer LLC served as exclusive financial advisor to First Freedom.
About Olsen Palmer LLC
Olsen Palmer, a nationally-recognized independent investment banking firm that advises community banks across the full spectrum of 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.