First Bank of Linden, the banking subsidiary of First Linden Bancshares, Inc., has completed its agreement to be acquired by Alabama ONE in an all-cash transaction structured as a purchase and assumption.
Olsen Palmer LLC served as financial advisor and issued a fairness opinion to First Linden Bancshares, Inc.
The transaction was unanimously approved by the Board of Directors of both institutions and was subject to customary conditions including the approval of First Linden Bancshares, Inc.’s shareholders and the receipt of required regulatory approvals.
Olsen Palmer LLC is the #1 bank M&A advisor nationwide according to S&P Global, based on the number of whole-bank sell-side M&A deals advised upon over the last twelve months with seller assets less than $5 billion.