OLSEN PALMER ADVISES AMERICAN TRUST BANK IN AGREEMENT TO BE ACQUIRED BY CITIZENS BANK

Washington, D.C. – Olsen Palmer is pleased to announce that American Trust Bank of East Tennessee (“American Trust”) has agreed to be acquired by Citizens Bank for $19.8 million in cash. The transaction, which has been unanimously approved by the Boards of both institutions, is expected to be completed in the 4th quarter of 2016.

Founded in 2004, American Trust has total assets of $141 million and operates 4 branches across 3 counties. Founded in 1934, Citizens Bank, wholly-owned subsidiary of Citco Community Bancshares, has total assets in excess of $700 million and operates 12 branch locations across 6 counties.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to American Trust. This is the 10th whole-bank or branch M&A transaction announced or completed in the past 2 years in which Olsen Palmer has served as advisor.

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About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across the full spectrum of Mergers & Acquisitions. We apply a community banking model to investment banking: Nimble, High-touch, and Conflict-free.

We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.

CHRISTOPHER OLSEN TO SERVE AS FEATURED SPEAKER AT THE 2016 BANK CEO FORUM

Washington, D.C. – Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to be a featured speaker at the 2016 CEO Forum, an event jointly organized by the Virginia Bankers Association, the West Virginia Bankers Association, and the Maryland Bankers Association. The Conference will be held September 12th–13th in Chantilly, Virginia.

In his speech, Mr. Olsen will discuss the landscape for community bank Mergers & Acquisitions (“M&A”), including bank valuation trends, deal drivers, and strategic alternatives available to community banks. He will also discuss best practices for effective M&A transactions, whether as a would-be acquirer, potential seller, merger counterparty, or an independent institution.

For a copy of Mr. Olsen’s presentation materials or for more information, please feel free to send an inquiry to info@olsenpalmer.com.

 About Christopher Olsen

Christopher Olsen, the Managing Partner of Olsen Palmer LLC, has been working with and advising financial institutions for the entirety of his career, including on over 50 M&A transactions with consideration values as large as $4 billion.

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions. By design, our firm applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.

CHRISTOPHER OLSEN TO SERVE AS FEATURED SPEAKER AT THE 2016 EXECUTIVE MANAGEMENT CONFERENCE

Washington, D.C. – Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to be a featured speaker at the 2016 Executive Management Conference, an annual meeting jointly organized by the Mississippi Bankers Association and the Tennessee Bankers Association. The Conference will be held October 9th –12th in Lake Tahoe, California.

In his speech, Mr. Olsen will discuss the landscape for community bank Mergers & Acquisitions (“M&A”), including bank valuation trends, deal drivers, and strategic alternatives available to community banks. He will also discuss best practices for effective M&A transactions, whether as a would-be acquirer, potential seller, merger counterparty, or an independent institution.

Mr. Olsen previously served as a featured speaker at the Executive Management Conference in 2013.

For a copy of Mr. Olsen’s presentation materials or for more information, please feel free to send an inquiry to info@olsenpalmer.com.

About Christopher Olsen

Christopher Olsen, the Managing Partner of Olsen Palmer LLC, has been working with and advising financial institutions for the entirety of his career, including on over 50 M&A transactions with consideration values as large as $4 billion.

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions. By design, our firm applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options

CHRISTOPHER OLSEN SERVES AS FEATURED SPEAKER AT THE MARYLAND BANKERS ASSOCIATION 2016 ANNUAL MEETING

Washington, D.C. – Christopher Olsen, Olsen Palmer LLC Managing Partner, served as a featured speaker at the Maryland Bankers Association (“MBA”) 2016 Annual Meeting, which took place from June 5th to June 8th at the Amelia Island Plantation in Amelia Island, Florida.

In his speech, Mr. Olsen discussed the Maryland bank M&A landscape including bank valuation trends, deal drivers, and strategic alternatives available to Maryland community banks. He also discussed best practices for effective M&A transactions, whether as a would-be acquirer, potential seller, merger counterparty, or none of the above.

For a copy of Mr. Olsen’s presentation materials or for more information, please feel free to send an inquiry to info@olsenpalmer.com.

About Christopher Olsen

Christopher Olsen, the Managing Partner of Olsen Palmer LLC, has been working with and advising financial institutions for the entirety of his career, including on over 50 M&A transactions with consideration values as large as $4 billion.

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions. By design, our firm applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.

CHRISTOPHER OLSEN INVITED TO SERVE AS INSTRUCTOR AT BANK ANALYST TRAINING PROGRAM

Washington, D.C. – Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to serve as an instructor at SNL Financial’s Analyst Training in the Banking Sector.

The program, to be held in Charlottesville, Virginia the week of July 25th and now in its 19th year, is the benchmark training forum for educating professionals who analyze, advise, work in or regulate banks, including investment bankers, buy- and sell-side analysts, regulators, and banking professionals.

Mr. Olsen will lead a module entitled Current Trends in Bank Valuation and M&A. He will cover the various drivers of strategic and financial value of a bank, trends in valuation multiples over time, techniques for evaluating a potential bank merger or acquisition, the impact of synergies, economic and accounting accretion/dilution, and a review of trends currently influencing M&A and going-concern values.

This will be Mr. Olsen’s 6th year as an instructor for the analyst training program.

For a copy of Mr. Olsen’s presentation materials or for any questions, please feel free to send an inquiry to info@olsenpalmer.com.

About Christopher Olsen and Olsen Palmer LLC

Christopher Olsen is the Managing Partner of Olsen Palmer LLC, an independent investment banking firm that advises community banks across the full spectrum of Mergers & Acquisitions. Mr. Olsen has been working with financial institutions for the entirety of his career, as a teller at a 3-branch community bank to an investment banker with both Wall Street and boutique firms.

Olsen Palmer applies a community banking model to investment banking: the firm is nimble, high-touch, free of conflicts and focused solely on helping our clients realize their strategic goals. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 completed M&A transactions with values as large as $4 billion.