OLSEN PALMER ADVISES MERCHANTS & PLANTERS BANK IN AGREEMENT TO BE ACQUIRED BY F&M BANCSHARES, INC.

Washington, D.C. – Olsen Palmer is pleased to announce that Merchants & Planters Bancshares, Inc. (“MPBI”), parent company of Merchants & Plants Bank, has agreed to be acquired by F&M Bancshares, Inc. (“FMBI”), parent company of Centennial Bank.

Under the terms of the definitive merger agreement, MPBI will merge into FMBI and Merchants and Planters Bank will merge into Centennial Bank.

The merger, which has been approved by both companies’ boards of directors, is expected to close in the fourth quarter of 2017 or the first quarter of 2018.

Upon completion of the transaction, the combined bank will have approximately $457 million in total assets.

Merchants and Planters Bank, founded 1904, operates four full-service community bank offices within one county while Centennial Bank f/k/a Farmers & Merchants Bank, founded 1916, operates eight offices across four counties.

Olsen Palmer LLC served as exclusive financial adviser to Merchants & Planters Bancshares, Inc.

Olsen Palmer, a leading, nationally-ranked investment banking firm, has advised on total bank M&A transaction deal value of approximately $700 million over the past 36 months.

Download Transaction Announcement (PDF)

About Olsen Palmer LLC                                                                          

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 an independent, truly 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.

Note: TN advisor ranking based on number of transactions since 2014, according to SNL Financial.

OLSEN PALMER CLIENT CLAYTON BANKS ACQUIRED FOR $330.1 MILLION

Washington, D.C. – Olsen Palmer is pleased to announce that Clayton Bank and American City Bank (collectively “the Clayton Banks”) have been acquired by FirstBank, wholly-owned subsidiary of FB Financial Corporation (“FB”, NASDAQ: FBK), for approximately $330.1 million.

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

Pursuant to the terms of the deal, as originally agreed to on February 8, 2017 and subsequently adjusted on May 26, 2017, FirstBank acquired the Clayton Banks for consideration comprised of 1,521,200 shares of FB common stock, $184.2 million in cash, a pre-closing special dividend of $79.5 million, a distribution of certain assets of $4.8 million, and a cash distribution of $9.3 million related to the seller’s S-corporation tax liabilities for the period through closing.

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

In terms of transaction value, this deal ranks as the #1 largest deal in Tennessee in 15 years and one of the 20 largest bank M&A transactions in the U.S. in 2017, according to SNL Financial.

Olsen Palmer, the #1 bank M&A advisor in Tennessee, has now advised on over $600 million in total completed bank M&A transaction value over the past 36 months.

If you have any questions or would like additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF)

About Olsen Palmer LLC                                                                          

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 an independent, truly 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.

Note: TN advisor ranking based on number of transactions since 2014, according to SNL Financial.

OLSEN PALMER CLIENT FIRST SOUTH BANK HAS BEEN ACQUIRED BY SIMMONS FIRST NATIONAL CORPORATION

Washington, D.C. – Olsen Palmer is pleased to announce that First South Bank (“FSB”) and its parent Hardeman County Investment Company, Inc. (“HCIC”) have been acquired by Simmons First National Corporation (“Simmons”).

Under the terms of the agreement, which was originally entered into by both parties on November 17, 2016, each share of HCIC stock was exchanged for 4.8393 shares of Simmons stock and $181.47 in cash for consideration valued at approximately $76.5 million at the time of the agreement.

The transaction builds on the acquirer’s existing branch presence and complementary business lines including traditional banking, mortgage banking, wealth management and trust, and insurance.

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 locations in Arkansas, Kansas, Missouri and Tennessee.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to HCIC. Olsen Palmer has now advised on over $600 million in total bank M&A transaction value over the past thirty-six months.

Download Transaction Announcement (PDF) 

About Olsen Palmer LLC                             

Olsen || Palmer is an independent investment banking firm that exclusively advises banks and other financial institutions across the spectrum of Mergers & Acquisitions. By design, advising clients is our only business allowing a truly 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.

OLSEN PALMER ADVISES DOOLIN SECURITY SAVINGS BANK IN MERGER WITH FIRST MUTUAL HOLDING CO.

Washington, D.C. – Olsen Palmer LLC is pleased to announce that Doolin Security Savings Bank, FSB (“Doolin”) has agreed to affiliate with First Mutual Holding Co. (“FMHC”).

According to terms of the definitive agreement, Doolin (New Martinsville, WV) will combine with FMHC subsidiary Belpre Savings Bank (Belpre, OH). Upon closing, which is expected by the third quarter of 2017 pending approval of regulatory agencies and of voting members of Doolin, the transaction will create a subsidiary bank headquartered in Belpre, Ohio.

Olsen Palmer LLC served as exclusive financial advisor to Doolin Security Savings Bank, FSB.

Olsen Palmer has now advised on over $600mm in total community bank M&A transaction value over the past three years.

For questions or additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF) 

About Olsen Palmer LLC                             

Olsen || Palmer is an independent investment banking firm that exclusively advises banks and other financial institutions across the spectrum of Mergers & Acquisitions. By design, advising clients is our only business allowing a truly 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 TENNESSEE BANKERS ASSOCIATION 127TH ANNUAL MEETING

Washington, D.C. –  Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to speak at the Tennessee Bankers Association (TBA) 127th Annual Meeting to be held from June 4th to June 6th 2017 at the Ritz Carlton in Naples, FL. This will be the 2nd time Mr. Olsen will serve as a speaker at TBA’s Annual Meeting.

In his presentation, entitled “M&A Alternatives: Acquire, Be Acquired, or None of the Above,” Mr. Olsen will examine the primary strategic alternatives available to Tennessee community banks, including acquiring, merging, selling, and remaining independent. He will also provide an update on the overall bank M&A environment, including transaction volume, key deal drivers, pricing and valuation trends, and differences across geography. With M&A impacting the entire banking industry, this session will be valuable for all banks, whether they are a would-be acquirer, a potential seller, or none-of-the-above.

The TBA Annual Meeting, now in its 127th year, is a premier annual event for Tennessee bankers and industry partners to gather from across the state.

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.