Harrisburg, Nebraska based Banner County Ban Corporation, the holding company of Banner Capital Bank (together “Banner”), and Lusk, Wyoming based Bankers Capital Corporation, the holding company of Lusk State Bank (together “Lusk”), jointly announced today that they have entered into a stock purchase agreement whereby Banner will acquire Lusk subject to customary regulatory and other approvals.
Olsen Palmer LLC served as exclusive financial advisor to Bankers Capital Corporation.
Upon consummation of the proposed transaction, Banner will enhance its existing presence within the state of Wyoming via Lusk State Bank’s location in Niobrara County. After the acquisition, Lusk State Bank will continue to operate as an independent community bank. On a pro forma basis, Banner County Ban Corporation’s two banks will have 6 full-service banking branches and total assets of approximately $296 million, based data as of December 31, 2021.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global as ranked by the total number of bank M&A transactions advised upon since 2019.