Washington, D.C. – Olsen Palmer LLC is pleased to announce that TraCorp, Inc., parent of Traders Bank (Tullahoma, TN), has been acquired by Citizens Bancorp Investment, Inc., parent of Citizens Bank of Lafayette (Lafayette, TN).
Established in 1889, Traders Bank operates five banking locations in the I-24 corridor between Nashville and Chattanooga and had $155 million in assets as of December 31, 2014. With its acquisition of Traders Bank, Citizens Bank of Lafayette’s total assets exceed $800 million, and Citizens becomes the 19th largest bank or savings institution headquartered in Tennessee.
Olsen Palmer LLC served as exclusive financial advisor to TraCorp, Inc.
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.