Olsen Palmer is pleased to announce that NorthSide Bancshares, Inc. (“NBI”), parent of NorthSide Bank (“NorthSide”), and First Chatsworth Bankshares, Inc. (“FCBI”), parent of First National Community Bank (“FNCB”), have merged in an all-stock transaction
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to Northside Bancshares, Inc.
The combined organization, which operates as First National Community Bank, now has approximately $300 million in assets, $250 million in deposits, 7 branches across 4 Georgia counties, and a loan production office in Chattanooga, Tennessee.
Olsen Palmer LLC remains ranked as a top 3 bank M&A advisor across the entire United States according to SNL Financial/S&P Global, based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.
If you would like additional information or have any questions - on M&A, valuation, or strategic options - please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.