The Lemont National Bank (“Lemont") and NuMark Credit Union (“NuMark") jointly announced today that they have entered into an agreement whereby NuMark will purchase substantially all of the assets and liabilities of Lemont in an all-cash transaction.
Olsen Palmer LLC served as financial advisor to Lemont Bancorp Inc. and The Lemont National Bank.
The board of directors of The Lemont National Bank and NuMark Credit Union have unanimously approved the transaction. The transaction is subject to customary closing conditions, including receipt of shareholder and regulatory approvals and is expected to close in the second half of 2025. When the purchase is complete NuMark will have approximately $910 million in assets and increase its footprint with a total of 15 branches.
Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide – and a top 3 overall bank M&A advisor – based on the number of transactions advised upon since 2020 according to S&P Global.
Download Announcement (PDF).