Washington, D.C. – Olsen Palmer is pleased to announce that F&M Financial Corporation, parent of Clarksville, Tennessee-based F&M Bank, has been acquired by F&M Bancorp, Inc., a newly-formed bank holding company solely-owned by Gaylon Lawrence, Jr. in an all-cash transaction valued at approximately $85 million.
With $861 million in assets, F&M Bank is the 17th largest Tennessee-based bank, operating 17 branches across 7 counties. F&M Bank is remaining intact, retaining its existing name, charter, management, employees, and board of directors.
Mr. Lawrence, through his holdings in The Lawrence Group, owns five other separately-chartered banks, including the Arkansas-based parent company of Tennessee Bank & Trust which serves Tennessee through branches in Cool Springs and Green Hills.
Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to F&M Financial Corporation.
About Olsen Palmer LLC
Olsen Palmer is an independent investment banking firm that advises community banks across the full spectrum of Mergers & Acquisitions. We apply a community banking model to investment banking: Olsen Palmer is a nimble, high-touch firm, free of conflicts and focused solely on helping our clients realize their strategic goals. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 completed M&A transactions with values as large as $4 billion.
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