Germantown Capital Corporation, Inc. parent of First Capital Bank, together “First Capital”, has been acquired by Planters Holding Company, parent of Planters Bank & Trust Company.
Olsen Palmer LLC served as exclusive financial advisor to Germantown Capital Corporation, Inc.
Originally established in 2003, First Capital Bank had total assets of approximately $380 million, deposits of approximately $315 million, and loans of approximately $300 million as of September 30, 2021.
As a result of the transaction, Planters Bank & Trust Company now has total assets in excess of $1.7 billion, deposits of approximately $1.5 billion, loans of approximately $875 million, and 20 branches as of September 30, 2021.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global as ranked by the total number of whole-bank M&A transactions advised upon since 2019.