Olsen Palmer Advises First Bank of Alabama in its Acquisition of 2 Branches from Southern States Bank

First Bank of Alabama (“FBA”), subsidiary of Firstbanc of Alabama, Inc. and Southern States Bank (“Southern States”), subsidiary of Southern States Bancshares, Inc. (NASDAQGS: SSBK) announced that FBA has acquired the physical locations and most of the loan and deposit accounts associated with 2 of Southern States’ branches.

Olsen Palmer LLC served as financial advisor to Firstbanc of Alabama Inc.

With the completion of the transaction, FBA has total assets of approximately $930 million and twelve full-service branch locations.

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)

Olsen Palmer Advises BankFirst Capital Corporation in its Acquisition of Sycamore Bank

BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst”), parent of BankFirst Financial Services, today announced the completion of its acquisition of Tate Financial Corporation (“Tate”), and its wholly-owned banking subsidiary, Sycamore Bank.

Olsen Palmer LLC served as financial advisor to BankFirst Capital Corporation.

The acquisition results in BankFirst having 38 offices serving Mississippi and Alabama, with total assets of approximately $2.5 billion, gross loans of approximately $1.4 billion, and total deposits of approximately $2.1 billion. Jay Tindall, Jr., Sycamore Bank's Chairman and Chief Executive Officer, has joined the Bank as a Regional Executive.

Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide as ranked by the total number of whole-bank M&A transactions advised upon over the last three years, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Sponsors the Independent Bankers of Colorado's 49th Annual Convention

Olsen Palmer is pleased to attend the Independent Bankers of Colorado’s 49th Family Reunion as a sponsor. The event, which is taking place September 21-23, 2022 in Vail, Colorado is the premier networking and education event for community bankers in Colorado.

More information about the Independent Bankers of Colorado can be found at https://www.ibcbanks.org/.

Olsen Palmer Sponsors the Community Bankers Association of Georgia's 54th Annual Convention & Mini-Trade Show

Olsen Palmer is pleased to attend the Community Bankers Association of Georgia's 54th Annual Convention & Mini-Trade Show as a Classic Sponsor. The event, which is taking place September 15-17, 2022 at the Ritz Carlton on Amelia Island, is the premier networking and education event for community bankers in Georgia.

More information about the Community Bankers Association of Georgia can be found at https://www.cbaofga.com.

Olsen Palmer Sponsors the Wisconsin Bankers Association 2022 Management Conference

Olsen Palmer is pleased to attend the Wisconsin Bankers Association 2022 Management Conference as a Sponsor. The event, which is taking place September 13-14, 2022 at the the Glacier Canyon Convention Cwenter in Wisconsin Dells, is an education and networking event focused on issues relevant to members of the bank management team.

More information about the Wisconsin Bankers Association can be found at https://www.wisbank.com/.