Washington, D.C. – Olsen Palmer LLC is pleased to announce that TraCorp, Inc., parent of Traders Bank (Tullahoma, TN), has agreed to be acquired by Citizens Bancorp Investment, Inc., parent of Citizens Bank of Lafayette (Lafayette, TN).
Established in 1889, Traders Bank is the 7th oldest bank headquartered in the State of Tennessee. Traders Bank currently operates five banking locations along the I-24 corridor between Nashville and Chattanooga. As of June 30, 2014, Traders Bank reported assets of $158 million, loans of $110 million and deposits of $142 million. With its acquisition of Traders Bank, Citizens Bank of Lafayette’s total assets will exceed $800 million, and is projected to become the 19th largest bank or savings institution headquartered in Tennessee.
Olsen Palmer LLC served as exclusive financial advisor to TraCorp, Inc.
About Olsen Palmer LLC
Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.