Olsen Palmer Advises Freedom Bank in its Sale to Landmark National Bank

Freedom Bancshares, Inc. (“Freedom”), the holding company of Freedom Bank, announced that it has been acquired by Landmark Bancorp, Inc. (“Landmark”), the holding company of Landmark National Bank, for cash consideration of $33.350 million.

Olsen Palmer LLC served as financial advisor to Freedom Bancshares, Inc. in connection with this transaction.

Freedom was founded in 2006 and operated out of a single location in Overland Park, Kansas. As a result of the merger, which was completed prior to the opening of business on October 1, 2022, Landmark now has total assets of approximately $1.5 billion and total deposits of approximately $1.3 billion with 31 branches. The combined company is operating under the name “Landmark Bancorp, Inc.” and will continue to list its common stock on the Nasdaq Global Select Market and trade under the symbol LARK.

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.

Transaction Announcement (PDF)

Olsen Palmer Sponsors the Mississippi Bankers Association and Tennessee Bankers Association’s CEO/Executive Managmenet Conference

Olsen Palmer is pleased to attend the Mississippi Bankers Association and Tennessee Bankers Association’s CEO/Executive Managmenet Conference as a sponsor. The event, which is taking place October 2-4, 2022 in Sonoma, CA is the premier networking and education event for community bankers in Colorado.

More information about the Mississippi Bankers Association can be found at https://msbankers.com/ and information about the Tennessee Bankers Association at https://tnbankers.org/.

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/.