OLSEN PALMER CLIENT FIRST MADISON BANK & TRUST HAS BEEN ACQUIRED BY UNITED COMMUNITY BANKS, INC.

Olsen Palmer is pleased to announce that on May 1, 2019, First Madison Bank & Trust (“First Madison”) was acquired by United Community Banks, Inc. (“United”, NASDAQ: UCBI) in an all-cash transaction valued at approximately $52 million, equivalent to 1.94x First Madison’s normalized tangible common equity (“TCE”) based on a normalized TCE ratio of 9.0%.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to First Madison Bank & Trust.

Olsen Palmer is ranked as a Top 5 bank M&A advisor across the entire U.S. according to SNL Financial/S&P Global, based on the number of whole-bank M&A transactions advised upon in 2019 year-to-date.

If you would like additional information or have any questions on M&A, valuation, or strategic options please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.

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CHRISTOPHER OLSEN TO SPEAK AT VBA/VACB BANK DIRECTORS' SYMPOSIUM

Christopher Olsen will speak at The Bank Directors' Symposium, sponsored by the Virginia Bankers Association and the Virginia Association of Community Banks (VACB). The two-day event will be held at The Inn at Virginia Tech (Southwest) on April 10th and The Westin Richmond (Central) on April 11th, 2019.

The Bank Directors’ Symposium provides bank board members with current data, thought-provoking industry trends and networking opportunities with other directors and regulators. The program is designed to benefit both new directors and seasoned veterans on the Board.

Mr. Olsen will deliver a presentation titled, Creating Value: Identifying the Key Variables that Truly Drive the Value of your Bank . Without question, maximizing long-term shareholder value is - and should be - a central tenet of every bank’s strategic planning, whether through long-term organic initiatives, through M&A, or through some combination of both. That said, less attention is paid to how ‘value’ is actually defined and measured and, by extension, to what key variables have the most profound effect on driving a bank’s value. This session will de-construct a bank’s value drivers, highlight certain characteristics shared by highly-valued banks, and, ultimately, reveal the key variables that are most closely correlated with the value of a bank.

For more information, please click here.

OLSEN PALMER CLIENT SENB BANK ACQUIRES GATEWAY BANC CORP.

Olsen Palmer is pleased to announce that McLaughlin Holding Company (“McLaughlin”), holding company for SENB Bank (“SENB Bank”), has acquired Gateway Banc Corp., parent company of Gateway Community Bank (collectively, “Gateway”). Under the merger, McLaughlin has acquired 100% of the outstanding stock of Gateway in an all-cash transaction.

Olsen Palmer LLC served as exclusive financial adviser to McLaughlin Holding Company, parent of SENB Bank.

The combined company has approximately $313.7 million in total assets and 7 branches spanning  through Northwest Illinois and Southern Wisconsin. With the merger, SENB Bank will enter the greater Rockford, Illinois area, the third largest city in the state, and Beloit, Wisconsin, part of the second largest Metropolitan Statistical Area in in Wisconsin.

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OLSEN PALMER RANKS AS TOP 3 BANK M&A ADVISER NATIONWIDE YTD 2019, ACCORDING TO S&P GLOBAL

Ranking based upon number of whole-bank M&A transactions advised upon in 2019 YTD.

OLSEN PALMER ADVISES CAMP GROVE STATE BANK IN AGREEMENT TO BE ACQUIRED BY KATZ CAPITAL

Olsen Palmer is pleased to announce that Camp Grove Bancorp, Inc., parent company of Camp Grove State Bank, has signed a definitive agreement to be acquired by an affiliate of Katz Capital in an all-cash transaction.

Olsen Palmer LLC served as exclusive financial advisor to Camp Grove Bancorp.

Olsen Palmer is now the #3 ranked bank M&A advisor in the entire U.S. according to S&P Global, based on the number of whole-bank transactions advised upon in 2019 year-to-date.

With the transaction, which is set to close in the second half of 2019, Katz Capital will bring a new community bank to Florida and will expand the services of its wholly-owned entities into greater Illinois.

If you would like any additional information or have any questions – on M&A, valuation, or strategic options – please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF)