Olsen Palmer is pleased to attend the Kansas Bankers Association CEO & Senior Management Summit & Annual Meeting as a Bronze Sponsor. The event, which is taking place August 4-6 2022 at The Broadmoor in Colorado Springs, brings together bankers from across Kansas for 3 days of education and networking.
More information about the Kansas Bankers Association can be found at https://ksbankers.com/.
Olsen Palmer is pleased to attend the BankIn Minnesota Annual Convention as a Silver Sponsor. The event, which is taking place August 3-5 2022 at The Grand View Lodge in Nisswa, Minnesota, brings together bankers from across Minnesota for 3 days of education and networking.
More information about BankIn Minnesota, formerly the Independent Community Bankers of Minnesota, can be found at https://www.minnesota.bank/.
Citizens State Bank, the banking subsidiary of Citizens Southern Bancshares, Inc., has been acquired by Avadian. The transaction was structured as a purchase and assumption transaction and the consideration was all-cash.
Olsen Palmer LLC served as financial advisor to Citizens Southern Bancshares, Inc.
Jones Walker LLP served as legal advisor to Citizens Southern Bancshares, Inc. while Honigman LLP served as legal advisor to Avadian.
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 three years.
First Savanna Savings Bank (“First Savanna”) and Citizens State Bank (“Citizens State”), a wholly-owned subsidiary of First Lena Corporation, announced today that First Savanna will merge into Citizens State.
Olsen Palmer LLC served as financial advisor to First Savanna Savings Bank.
The proposed merger has received unanimous approval from the Board of Directors of each organization and is subject to regulatory approvals, as well as other customary closing conditions. The acquisition is expected to close in the fourth quarter of 2022.
Olsen Palmer 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 the firm has advised upon over the last three years.
Landmark Bancorp, Inc. (NASDAQ: LARK) (“Landmark”), the holding company of Landmark National Bank, and Freedom Bancshares, Inc. (“Freedom”), the holding company of Freedom Bank, jointly announced today the execution of a definitive agreement under which Landmark will acquire Freedom and Freedom Bank for cash consideration in the amount of $33.350 million, subject to potential adjustment as more fully described in the agreement.
Olsen Palmer LLC served as financial advisor to Freedom Bancshares, Inc.
The transaction, subject to regulatory and Freedom shareholder approvals, has been unanimously approved by the board of directors of both organizations and is expected to close in the fourth quarter of 2022.
Upon completion of the transaction, Landmark will have total assets of approximately $1.5 billion and 31 total offices in 24 communities across Kansas.
This is the 40th announced or completed community bank M&A transaction Olsen Palmer LLC served as advisor upon since January 1, 2020. Olsen Palmer 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 three years.
