Peoples Bank of Middle Tennessee (“Peoples Bank”) and First Commerce Bancorp, Inc. (“FC Bancorp”), the parent company of First Commerce Bank, announced that FC Bancorp has acquired Peoples Bank providing for the merger of Peoples Bank with and into First Commerce Bank.
Olsen Palmer LLC served as financial advisor and issued a fairness opinion to Peoples Bank of Middle Tennessee.
On a pro forma basis as of December 31, 2024, the combined bank has total assets of approximately $852 million. Bass, Berry & Sims PLC served as legal counsel to Peoples Bank of Middle Tennessee and K&L Gates LLP served as legal counsel to FC Bancorp.
Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide – and a top 3 overall advisor – based on the number of transactions advised upon since 2020, according to S&P Global.