Washington, D.C. – Olsen Palmer is pleased to announce that its client, Fairmount Bancorp, Inc., parent of Fairmount Bank (Baltimore, MD), has agreed to be acquired by Hamilton Bancorp, Inc., parent of Hamilton Bank (Towson, MD) in an all-cash transaction valued at $15.4 million.
Under the terms of the agreement, Fairmount and its subsidiary Fairmount Bank will merge into Hamilton and its subsidiary Hamilton Bank in an all-cash transaction valued at $30.00 per share, or approximately $15.4 million in the aggregate. Upon completion of the transaction, which is expected to occur before the end of 2015, Hamilton will have five branch locations and pro-forma assets totaling $366 million.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to Fairmount Bancorp, Inc.
This is the 4th announced or completed transaction in the past 7 months on which Olsen Palmer LLC has served as financial adviser.
About Olsen Palmer
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. We are 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. For more information, please visit our website: www.OlsenPalmer.com.