Durand Bancorp, Inc., parent company of Durand State Bank, has entered into a definitive agreement to be acquired by High Point Financial Services, Inc., parent company of Solutions Bank in an all-cash transaction.
Olsen Palmer LLC served as exclusive financial advisor to Durand Bancorp, Inc.
The proposed transaction, which has been approved by the board of directors of both companies but remains subject to customary closing conditions as well as approval by Durand Bancorp Inc.’s stockholders and by applicable regulatory authorities, is expected to be completed in Q3 2021.
Olsen Palmer is the #1 bank M&A advisor nationwide according to S&P Global, as ranked by the number of whole-bank sell-side M&A transactions advised upon over the last twelve months.