OLSEN PALMER ADVISES THE CLAYTON BANKS IN AGREEMENT TO BE ACQUIRED BY FIRSTBANK FOR $284.2 MILLION

Washington, D.C. – Olsen Palmer is pleased to announce that Clayton HC, Inc. has entered into an agreement with FirstBank, wholly-owned subsidiary of FB Financial Corporation, pursuant to which FirstBank will acquire Clayton Bank & Trust and American City Bank (collectively “the Clayton Banks”) for approximately $284.2 million.

Olsen Palmer LLC served as exclusive financial advisor to Clayton HC, Inc., parent company of the Clayton Banks.

Under the terms of the agreement, FirstBank will acquire from Clayton HC all of the shares of the Clayton Banks, which will be merged into FirstBank upon closing, for consideration comprised of 5,860,000 shares of common stock (NYSE: FBK), $79.5 million in cash, and $60 million in subordinated debt.

The Clayton Banks – 18 branches, total assets of $1.2 billion – are wholly-owned by Clayton HC, Inc. which is 98% owned by Jim Clayton, Chairman and Chief Executive Officer. FirstBank has $3.2 billion in assets and 45 branches across 3 states.

This deal ranks as the 4th largest bank M&A transaction in the U.S. thus far in 2017 in terms of transaction value, according to SNL Financial.

Olsen Palmer has now advised on over $500 million in aggregate transaction value over the past 18 months and is ranked as a Top 10 bank M&A advisory firm based on aggregate deal value, according to SNL Financial.

Download Transaction Announcement (PDF)

About Olsen Palmer

Olsen || Palmer is an independent investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing us to take an independent, client-centric approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit www.OlsenPalmer.com.

CHRISTOPHER OLSEN TO SPEAK AT BANK DIRECTOR’S “ACQUIRE OR BE ACQUIRED” 2017 CONFERENCE

Washington, D.C., January 23, 2017 – Olsen Palmer LLC is pleased to announce that Managing Partner Christopher Olsen will be a featured speaker at Bank Director’s “Acquire or Be Acquired” Conference on January 29, 2017.

In his presentation, entitled “Value Deconstructed,” Mr. Olsen will examine the key factors that determine deal pricing and other critical transaction terms. Prospective acquirers will benefit from an examination of best practices for evaluating the financial and shareholder impact of a potential acquisition. Conversely, potential sellers will benefit from a deeper understanding of the key factors that directly drive their sale price and other critical deal terms.

The “Acquire or Be Acquired” Conference, now in its 23rd year, is a premier annual event for Bank CEOs and Board members, bringing together key thought leaders from across the country to explore and discuss bank merger & acquisition strategies and related growth opportunities.

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

About Olsen Palmer

Olsen || Palmer is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions. By design, we take an independent approach: nimble, high-touch, and conflict-free. Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit our website: www.OlsenPalmer.com.

OLSEN PALMER CLIENT AMERICAN TRUST BANK IS ACQUIRED BY CITIZENS BANK

Washington, D.C. – Olsen Palmer LLC is pleased to announce that on December 2, 2016, American Trust Bank was acquired by Citizens Bank for $19.8 million in cash.

Olsen Palmer served as exclusive financial adisor and issued a Fairness Opinion to American Trust Bank.

This the 11th whole-bank or branch M&A transaction announced or completed in the past 24 months in which Olsen Palmer LLC served as advisor, involving buyers and sellers from 7 different states.

Download M&A Announcement (PDF)

About Olsen Palmer LLC

Olsen Palmer LLC is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions.

By design, we take an independent approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

OLSEN PALMER ADVISES FIRST SOUTH BANK IN AGREEMENT TO BE ACQUIRED BY SIMMONS FIRST NATIONAL CORPORATION

Washington, D.C. – Olsen Palmer LLC is pleased to announce that First South Bank (“FSB”) and its parent Hardeman County Investment Company, Inc. (“HCIC”) have agreed to be acquired by Simmons First National Corporation (“Simmons”) for $76.5 million in stock and cash based on Simmons’ common stock closing price as of November 17, 2016.

Under the terms of the Agreement, each outstanding share of common stock and equivalents of HCIC will be converted into the right to receive 4.8393 shares of the Company’s common stock and $181.47 in cash, all subject to certain conditions and potential adjustments.  Completion of the transaction, which is subject to approval by HCIC’s shareholders, regulatory approvals, and other customary closing conditions, is expected in the first quarter of 2017.  After closing, FSB is expected to continue operations as a separate bank subsidiary of Simmons for an interim period until it is merged into Simmons Bank.

Founded in 1903, First South Bank has total assets of $462 million and operates 10 branches across 4 Tennessee counties. Simmons (NASDAQ: SFNC) is a financial holding company, headquartered in Pine Bluff, Arkansas, with total assets of $8.2 billion and office locations in Arkansas, Kansas, Missouri and Tennessee.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to Hardeman County Investment Company, Inc. This is the 11th whole-bank or branch M&A transaction announced or completed in the past 2 years in which Olsen Palmer has served as advisor.

Download Transaction Announcement (PDF)

About Olsen Palmer

Olsen Palmer LLC is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions. By design, we take an independent approach: nimble, high-touch, and conflict-free. Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit our website: www.OlsenPalmer.com.

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.

Download Transaction Profile

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.