Washington, D.C. – Olsen Palmer is pleased to announce that its client, First Commercial Bancshares, Inc. (Jackson, MS), has agreed to acquire DeSoto County Bank (Horn Lake, MS) in a cash and stock transaction.
With the merger, First Commercial Bank will enter DeSoto County, the third most populous and fifth fastest-growing county in Mississippi. In so doing, First Commercial will become the 22nd largest Mississippi-based community bank while securing a Top 30 share of the Mississippi deposit market. The combined organization will have approximately $370 million in assets, $298 million in deposits, and four branches located in two of Mississippi’s largest metropolitan areas.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to First Commercial Bancshares, 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.