Washington, D.C. – Olsen Palmer LLC is pleased to announce that Doolin Security Savings Bank, FSB (“Doolin”) has agreed to affiliate with First Mutual Holding Co. (“FMHC”).
According to terms of the definitive agreement, Doolin (New Martinsville, WV) will combine with FMHC subsidiary Belpre Savings Bank (Belpre, OH). Upon closing, which is expected by the third quarter of 2017 pending approval of regulatory agencies and of voting members of Doolin, the transaction will create a subsidiary bank headquartered in Belpre, Ohio.
Olsen Palmer LLC served as exclusive financial advisor to Doolin Security Savings Bank, FSB.
Olsen Palmer has now advised on over $600mm in total community bank M&A transaction value over the past three years.
For questions or additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.
Download Transaction Announcement (PDF)
About Olsen Palmer LLC
Olsen || Palmer is an independent investment banking firm that exclusively advises banks and other financial institutions across the spectrum of Mergers & Acquisitions. By design, advising clients is our only business allowing a truly independent, client-centric approach: nimble, high-touch, and conflict-free.
Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.
For more information, please visit www.OlsenPalmer.com.