The Farmers Bank of Mt. Pulaski (“Farmers Bank”) announced today that it has entered into an agreement whereby it will be acquired in an all cash transaction by Longview Capital Corporation, parent company of Longview Bank, Longview Bank & Trust, and the Bank of Gibson City (collectively, “Longview”).
Olsen Palmer LLC served as exclusive financial advisor to The Farmers Bank of Mt. Pulaski.
Upon completion of the proposed transaction, the acquirer will have total assets approaching $750 million based on financial data for the respective institutions as of December 31, 2021.
The transaction, which has been unanimously approved by the boards of directors of both companies but remains subject to customary closing conditions, as well as approval by The Farmers Bank’s stockholders as well as by applicable bank regulatory authorities, is expected to be completed in the 2nd quarter of 2022.
Vedder Price P.C. served as legal advisor to Farmers Bank while Hinshaw & Culberson, LLP served as legal counsel to Longview.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global based on the total number of bank M&A transactions advised upon over the past three years.