Wilson Bank & Trust ($5.3 billion, “WBT”) announced today that it has entered into a purchase and assumption agreement to acquire an office from F&M Bank ($1.7 billion, “F&M”). Under the terms of the agreement, WBT will acquire the physical location and related fixed assets, substantially all of the customer deposit accounts affiliated with the office, currently estimated at approximately $35 million, and most of the loan accounts associated with the office.
Olsen Palmer LLC served as financial advisor to Wilson Bank & Trust in connection with this transaction.
Upon completion of the proposed transaction, WBT will operate 31 offices and will hold more than $4.5 billion in total deposits.
The proposed transaction, which is subject to customary closing conditions, including approval by applicable regulatory authorities, is currently anticipated to close in the first half of 2025.