OLSEN PALMER ADVISES THE FARMERS BANK OF MT. PULASKI IN AGREEMENT TO BE ACQUIRED BY LONGVIEW CAPITAL CORPORATION

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.

Transaction Announcement (PDF)

OLSEN PALMER ADVISES WESTERN STATES BANCORPORATION IN ITS SALE TO FIRST NATIONAL BANK OF OMAHA

Western States BanCorporation (“Western States”) and its wholly-owned subsidiary Western States Bank, headquartered in Laramie, Wyoming, has been acquired by Omaha, Nebraska-based First National of Nebraska and its subsidiary First National Bank of Omaha (“FNBO”). 

Olsen Palmer LLC served as exclusive financial advisor to Western States BanCorporation.

With this transaction – FNBO’s first whole-bank acquisition in almost 15 years – FNBO adds Western States’ nearly $550 million in total assets and expands its footprint to 8 states throughout the Midwest and West, adding 10 locations across Northeastern Colorado, Western Nebraska, and Eastern Wyoming. FNBO has greater than $25 billion in assets and nearly 100 locations.

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.

Transaction Announcement (PDF)

OLSEN PALMER ADVISES BANKERS CAPITAL CORPORATION IN AGEEMENT TO BE ACQUIRED BY BANNER COUNTY BAN CORPORATION

Harrisburg, Nebraska based Banner County Ban Corporation, the holding company of Banner Capital Bank (together “Banner”), and Lusk, Wyoming based Bankers Capital Corporation, the holding company of Lusk State Bank (together “Lusk”), jointly announced today that they have entered into a stock purchase agreement whereby Banner will acquire Lusk subject to customary regulatory and other approvals.

Olsen Palmer LLC served as exclusive financial advisor to Bankers Capital Corporation.

Upon consummation of the proposed transaction, Banner will enhance its existing presence within the state of Wyoming via Lusk State Bank’s location in Niobrara County. After the acquisition, Lusk State Bank will continue to operate as an independent community bank. On a pro forma basis, Banner County Ban Corporation’s two banks will have 6 full-service banking branches and total assets of approximately $296 million, based data as of December 31, 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 bank M&A transactions advised upon since 2019.

Transaction Announcement (PDF)

OLSEN PALMER ADVISES BANKFIRST CAPITAL CORPORATION IN ITS ACQUISITION OF THE CITIZENS BANK OF FAYETTE

BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), has completed its acquisition of The Citizens Bank of Fayette (“Citizens Bank”) from F.B.H. Corporation (“F.B.H.”).

Olsen Palmer LLC served as exclusive financial advisor to BankFirst Capital Corporation.

As a result of the transaction, BankFirst now has 32 offices with total assets of approximately $2.0 billion, gross loans of approximately $1.2 billion, and total deposits of approximately $1.8 billion. Robert D. Mills, Citizens Bank's President and Chief Executive Officer, has joined the Bank as Fayette Regional Executive

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.

Transaction Announcement (PDF)

OLSEN PALMER ADVISES FIRST CAPITAL BANK IN ITS SALE TO PLANTERS BANK & TRUST COMPANY

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.

Transaction Announcement (PDF)