Olsen Palmer is pleased to announce that First National Corporation of Wynne and its banking subsidiary The First National Bank of Wynne have been acquired by First Financial Banc Corporation, holding company for First Financial Bank. Attached is a summary of the transaction.
Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to First National Corporation of Wynne.
Founded in 1915, The First National Bank of Wynne had total assets of approximately $340 million and 7 branches across 4 counties. With this transaction, First Financial Bank has total assets of approximately $1.4 billion and 17 branches in 9 counties across 2 states.
Olsen Palmer remains ranked as a Top 5 bank M&A advisor across the entire U.S. by S&P Global based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.
If you would like additional information or have any questions on the M&A landscape, valuations, or strategic options please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.