Olsen Palmer is pleased to sponsor the 20th Ole Miss Business Annual Banking & Finance Symposium to be held at the Oxford Conference Center in Oxford, Mississippi on November 12, 2021.
For more information, please visit https://olemissalumniassociation.regfox.com/2021-banking-and-finance-symposium
BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), today announced the signing of a definitive merger agreement with F.B.H. Corporation (“F.B.H.”) and The Citizens Bank of Fayette (“Citizens Bank”), under which BankFirst will acquire Citizens Bank through the merger of Citizens Bank with and into the Bank.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to BankFirst Capital Corporation.
The transaction has been approved by the board of directors of each company, is expected to close in the fourth quarter of 2021, and is subject to customary closing conditions, including approval from the shareholders of F.B.H. and bank regulatory authorities. After the merger is completed, the Bank will have 32 offices and will have assets in excess of $2.0 billion.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the total number of whole-bank M&A transactions advised upon over the last twelve months.
Tri-State Bank (“Tri-State”) and Liberty Bank and Trust Company and its parent holding company, Liberty Financial Services, Inc. (collectively, “Liberty”), completed their agreement whereby Tri-State has been acquired by Liberty in an all-cash transaction.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to the Board of Directors of Tri-State Bank in connection with this transaction.
Both Liberty and Tri-State are Minority Depository Institutions as defined by the Federal Deposit Insurance Corporation. With the transaction, Liberty has approximately $1 billion in proforma assets and offices in 12 cities based on information as of June 30 ,2021.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide while Managing Partner Christopher Olsen remains the #1 individual advisor across the U.S. according to S&P Global , as ranked by the total number of whole-bank M&A transactions advised upon since 2019.
Landmark Community Bank, has been acquired by Simmons First National Corporation for stock and cash consideration valued at approximately $146.0 million.
Olsen Palmer LLC served as exclusive financial advisor to Landmark Community Bank.
As a result of the transaction, the combined franchise now has total assets of approximately $24.4 billion, total deposits of approximately $19.1 billion and total loans of approximately $12.2 billion.
Along with a separate definitive agreement entered into on the same day, Simmons estimated the proposed transactions, on a combined basis, to be approximately 7.5% accretive to earnings per share in 2022 excluding one-time transaction expenses and slightly accretive to tanglible book value per share including the impact of one-time transaction expenses and CECL “day two” accounting.
Olsen Palmer LLC is the #1 community bank M&A advisor nationwide according to S&P Global, as ranked by the number of whole-bank sell-side M&A transactions advised upon over the last twelve months in which the seller had assets of $5 billion or less.
Mackinaw Valley Financial Services, Inc., parent company of First Security Bank, founded in 1907, has been acquired by First Bancorp of Taylorville, Inc., parent company of First National Bank in Taylorville, founded in 1956.
Olsen Palmer LLC served as exclusive financial advisor to Mackinaw Valley Financial Services, Inc.
As a result of the transaction, the combined franchise now has total assets of approximately $332.8 million, deposits of approximately $267.9 million, and loans of approximately $146.7 million as of June 30, 2021.
Godfrey & Kahn, S.C. served as legal advisor to Mackinaw Valley Financial Services, Inc. while Baker, Donelson, Bearman, Caldwell & Berkowitz, PC served as legal counsel to First Bancorp of Taylorville, Inc.
Olsen Palmer LLC is one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the number of whole-bank M&A transactions advised upon over the last twelve months.
