OLSEN PALMER CLIENT TRACORP, INC. COMPLETES SALE TO CITIZENS BANCORP INVESTMENT, INC.

Washington, D.C. – Olsen Palmer LLC is pleased to announce that TraCorp, Inc., parent of Traders Bank (Tullahoma, TN), has been acquired by Citizens Bancorp Investment, Inc., parent of Citizens Bank of Lafayette (Lafayette, TN).

Established in 1889, Traders Bank operates five banking locations in the I-24 corridor between Nashville and Chattanooga and had $155 million in assets as of December 31, 2014. With its acquisition of Traders Bank, Citizens Bank of Lafayette’s total assets exceed $800 million, and Citizens becomes the 19th largest bank or savings institution headquartered in Tennessee.

Olsen Palmer LLC served as exclusive financial advisor to TraCorp, Inc.

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About Olsen Palmer LLC

Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.

OLSEN PALMER MANAGING PARTNER CHRISTOPHER OLSEN DISCUSSES COMMUNITY BANK M&A TRENDS WITH SNL FINANCIAL

Washington, D.C. – Olsen Palmer Managing Partner Christopher Olsen was recently asked by SNL Financial to discuss the current state of the bank M&A landscape and key themes therein.

SNL Financial noted that the number of U.S. bank and thrift deals with a value of $200 million and below grew for the third straight year in 2014 and accounted for about half of the total volume of deals announced in 2014. In the article, Mr. Olsen addresses several of the key drivers behind this ongoing uptick in both overall M&A activity as well as in transaction pricing.

The discussion, featured in an article entitled “Renewed Hopes for Bank M&A Activity” can be read in its entirety by accessing the following link: https://www.snl.com/InteractiveX/Article.aspx?cdid=A-30798277-9774.

About Olsen Palmer LLC

Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.

OLSEN PALMER ADVISES FIRST COMMERCIAL BANCSHARES, INC. ON ACQUISITION OF DESOTO COUNTY BANK

Washington, D.C. – Olsen Palmer is pleased to announce that its client, First Commercial Bancshares, Inc. (Jackson, MS), has agreed to acquire DeSoto County Bank (Horn Lake, MS) in a cash and stock transaction.

With the merger, First Commercial Bank will enter DeSoto County, the third most populous and fifth fastest-growing county in Mississippi.  In so doing, First Commercial will become the 22nd largest Mississippi-based community bank while securing a Top 30 share of the Mississippi deposit market. The combined organization will have approximately $370 million in assets, $298 million in deposits, and four branches located in two of Mississippi’s largest metropolitan areas.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to First Commercial Bancshares, Inc.

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About Olsen Palmer LLC

Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.

OLSEN PALMER ADVISES TRACORP, INC. IN AGREEMENT TO BE ACQUIRED BY CITIZENS BANCORP INVESTMENT, INC.

Washington, D.C. – Olsen Palmer LLC is pleased to announce that TraCorp, Inc., parent of Traders Bank (Tullahoma, TN), has agreed to be acquired by Citizens Bancorp Investment, Inc., parent of Citizens Bank of Lafayette (Lafayette, TN).

Established in 1889, Traders Bank is the 7th oldest bank headquartered in the State of Tennessee. Traders Bank currently operates five banking locations along the I-24 corridor between Nashville and Chattanooga.  As of June 30, 2014, Traders Bank reported assets of $158 million, loans of $110 million and deposits of $142 million. With its acquisition of Traders Bank, Citizens Bank of Lafayette’s total assets will exceed $800 million, and is projected to become the 19th largest bank or savings institution headquartered in Tennessee.

Olsen Palmer LLC served as exclusive financial advisor to TraCorp, Inc.

Download Transaction Profile

About Olsen Palmer LLC

Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.

OLSEN PALMER CLIENT FIRST CITIZENS BANCSHARES, INC. COMPLETES ACQUISITION OF SOUTHERN HERITAGE BANCSHARES, INC.

Washington, D.C. – Olsen Palmer is pleased to announce that its client, First Citizens Bancshares, Inc. (Dyersburg, Tennessee), has acquired Southern Heritage Bancshares, Inc. (Cleveland, Tennessee) in a cash-and-stock transaction valued at $32.2 million.

With the acquisition, First Citizens has extended its branch footprint statewide while solidifying its position as the 7th largest Tennessee-based community bank. In addition, First Citizens increased its statewide market share, improving its Tennessee deposit market share ranking to 16th. The combined organization has approximately $1.5 billion in total assets, $1.2 billion in deposits, 350 associates and 24 branches across 10 Tennessee counties.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to First Citizens Bancshares, Inc.

About Olsen Palmer LLC

Washington, D.C.-based Olsen Palmer LLC (“Olsen Palmer”) is an independent investment banking firm that specializes in advising community banks across the full spectrum of mergers & acquisitions. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 M&A transactions with values as small as $4 million and as large as $4 billion. Ours is a nimble, high-touch firm, free of conflicts and driven solely to help our clients fully realize their strategic goals and maximize long-term value.