Olsen Palmer Advises Boundary Waters Bank in its Agreement to be Acquired by Highland Bank

Boundary Waters Bank has signed a definitive agreement to be purchased by Highland Bank, pending regulatory approval.

Olsen Palmer LLC served as financial advisor to Boundary Waters Bank.

Boundary Waters Bank, chartered in 1999, has offices in Ely, Woodbury, and Blaine, Minnesota and had total assets of approximately $115 million as of June 30, 2022.

Founded in 1943, Highland Bank is an independent, privately held bank serving the communities of St. Michael, Maple Grove, Minnetonka, Bloomington, and St. Paul that had total assets of approximately $630 million as of June 30, 2022. With the addition of the three Boundary Waters Bank branches, Highland Bank will operate eight locations in Minnesota and hold approximately $750 million in assets.

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.

Transaction Announcement (PDF)

Olsen Palmer Advises The Farmers Bank of Mt. Pulaski in its sale to Longview Capital Corporation

The Farmers Bank of Mt. Pulaski (“Farmers Bank”) announced today that it has been acquired in an all cash transaction by Longview Capital Corporation, parent company of Longview Bank, Longview Bank & Trust, and the Bank of Gibson City (collectively, “Longview”).

Olsen Palmer LLC served as financial advisor to The Farmers Bank of Mt. Pulaski.

Vedder Price P.C. served as legal advisor to Farmers Bank while Hinshaw & Culbertson, LLP served as legal counsel to Longview.

Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global based on the total number of bank M&A transactions advised upon over the past three years.

Transaction Announcement (PDF)

Olsen Palmer Sponsors the 2022 Kansas Bankers Association's CEO & Senior Management Summit & Annual Meeting

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 Sponsors the 2022 BankIn Minnesota Annual Convention

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/.

Olsen Palmer Advises Citizens State Bank in its Sale to Avadian

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.

Transaction Announcement (PDF)