OLSEN PALMER SPONSORS TENNESSEE BANKERS ASSOCIATION 129TH ANNUAL MEETING

Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to speak at the Tennessee Bankers Association (TBA) 129th Annual Meeting to be held from June 16th to 18th at the Ritz Carlton Orlando in Grand Lakes, Orlando, FL. This will be the 4th consecutive year Mr. Olsen will serve as a speaker at TBA’s Annual Meeting.

In his presentation, “The State of Bank M&A: Market Update, Valuation Trends, and Deal Drivers,” Mr. Olsen will provide an executive summary-style update on the current state of the bank M&A landscape including: transaction volume; deal pricing; geographic implications; and a profile of the ‘typical’ seller and buyer. In so doing, key deal drivers will be examined including operating scale, deposit funding, and public stock valuations. Amidst an active bank M&A environment, this session will provide an update useful to all bankers, whether prospective sellers, would-be buyers, or none of the above.

Olsen Palmer is a proud sponsor of the the 129th Tennessee Bankers Association Annual Meeting.

For more information, please visit https://www.tnbankers.org/calendar/2019/06/16/129th-tba-annual-meeting.3292975

OLSEN PALMER ADVISES FARMERS & MERCHANTS BANK OF ORFORDVILLE IN ITS AGREEMENT TO BE ACQUIRED BY BANK OF BRODHEAD

Olsen Palmer is pleased to announce that Farmers & Merchants Bank of Orfordville (“Farmers & Merchants Bank”) has entered into an Agreement and Plan of Merger to be acquired by Brodhead Bancshares, Inc., parent of The Bank of Brodhead.

Olsen Palmer LLC served as exclusive financial advisor to Farmers & Merchants Bank in connection with this transaction.

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

The transaction is expected to be completed in the fourth quarter of 2019 pending regulatory and shareholder approvals as well as other customary closing conditions. Brodhead Bancshares, Inc. will be the holding company for both banks following closing of the transaction and it is anticipated that Farmers & Merchants Bank will be merged with and into The Bank of Brodhead at a future date.

Download Transaction Announcement (PDF)

OLSEN PALMER TO SPONSOR MARYLAND BANKERS ASSOCIATION 123RD ANNUAL CONVENTION

Olsen Palmer is pleased to sponsor the 123rd Maryland Bankers Association Annual Convention to be held at The Ritz-Carlton in Amelia Island, Florida on June 2-5, 2019.

For more information, please visit https://www.mdbankers.com/annual-convention.html

OLSEN PALMER TO SPONSOR MISSISSIPPI BANKERS ASSOCIATION 131ST ANNUAL CONVENTION

Olsen Palmer is pleased to sponsor the 131st Mississippi Bankers Association Annual Convention to be held at the Sandestin Golf & Beach Resort in Destin, Florida, on May 15-19, 2019.

For more information, please visit http://www.msbankers.com/annual-convention

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.

Download Transaction (PDF)