Olsen Palmer is pleased to be a continued sponsor of the Tennessee Bankers Association Community Banking Conference and Bank Directors Retreat. The events, which took place October 25-27 in Nashville, TN is a premier opportunity networking and education event for Tennessee Bank Executives.
More information about the Tennessee Bankers Association can be found at https://tnbankers.org/.
Lafayette Bancorp, Inc. (“Lafayette”), the holding company of Oxford University Bank, and Guaranty Capital Corporation (“Guaranty”), the holding company of Guaranty Bank & Trust Company (“Guaranty Bank”), announced the signing of a definitive merger agreement pursuant to which Guaranty will acquire Lafayette.
Olsen Palmer LLC served as financial advisor to Lafayette Bancorp, Inc. in conjunction with this transaction.
The transaction has been approved by the board of directors of each company, is expected to close in the first quarter of 2024, and is subject to customary regulatory and shareholder approvals. Upon completion, Oxford University Bank will become a wholly owned subsidiary of Guaranty. Guaranty expects to merge Oxford University Bank with and into Guaranty Bank, with Guaranty Bank surviving, in the second or third quarter of 2024, subject to regulatory approval.
Founded in 2000, Lafayette has total assets exceeding $245 million, three locations across 2 counties, and holds a top 5 ranked share of the Oxford market as of June 30, 2023. Post-acquisition, the combined companies will have approximately $2.6 billion in assets with 39 branches, including the impact of a separate, unrelated transaction.
Olsen Palmer is pleased to be a continued sponsor of the Mississippi and Tennessee Bankers Associations’ CEO/Executive Management Conference. The event, which took place October 1-3 in Banff, Alberta, is the premier opportunity networking and education event for Tennessee and Misssippi Bank Executives.
More information about the Tennessee Bankers Association can be found at https://tnbankers.org/ and the Mississippi Bankers Association can be found at https://msbankers.com/.
MidWestOne Financial Group, Inc. (Nasdaq: MOFG) today announced that it has executed a definitive merger agreement to acquire Denver Bankshares, Inc., the parent company for the Bank of Denver. This transaction is an all cash deal that has been approved by the respective board of directors, and is expected to close in the first quarter of 2024. MidWestOne Financial Group, Inc. will pay $32.6 million in cash consideration to acquire Denver Bankshares, Inc.
Olsen Palmer LLC served as financial advisor to Denver Bankshares, Inc.
The Bank of Denver had $271.5 million in assets, $198.0 million in loans and $242.0 million in deposits as of June 30, 2023. Denver Bankshares, Inc.’s Chief Executive Officer, Lori Radcliffe, will become part of MidWestOne Financial Group Inc.’s market leadership team.
Olsen Palmer is pleased to be a Bronze Sponsor of the Independent Community Bankers of Colorado Golden Jubilee Annual Convention. The event, which took place September 20-22 in Vail, Colorado, is the premier opportunity networking and education event for Colorado bankers.
More information about the Independent Community Bankers of Colorado can be found at https://icbcolo.org/.
