Olsen Palmer Advises Alliance Bank in its Agreement to be Acquired by The Bennington State Bank

New Millennium Bankshares, Inc. and its wholly-owned subsidiary Alliance Bank announced that they have entered into a definitive agreement under which Berco, Inc., the bank holding company for The Bennington State Bank (BSB), will acquire Alliance Bank.

Olsen Palmer LLC served as financial advisor to New Millennium Bankshares, Inc.

The merger agreement has been approved by the boards of directors of both holding companies and banks. The transaction is subject to customary closing conditions, including regulatory approvals and approval by New Millennium Bankshares, Inc. stockholders, and is expected to close in the fourth quarter of 2024.

Founded in 1998, Alliance Bank operates at two locations  with $149 million in assets as of June 30th, 2024.

Transaction Announcement (PDF)

Olsen Palmer Sponsors the Alabama Bankers Association CEO, Bank Executive & Directors' Conference

Olsen Palmer is pleased to be a continued sponsor of and featured speaker at the Alabama Bankers Association CEO, Bank Executive & Directors' Conference. The event takes place August 1-3, 2024 at The Grand Hotel in Point Clear, Alabama.

More information about the Alabama Bankers Association can be found at https://www.alabama.bank/

Olsen Palmer Sponsors the IBA/OBL 2024 Annual Convention

Olsen Palmer is pleased to be a continued sponsor of the Illinois Bankers Association and Ohio Banker League Annual Convention. The event, which took place June 24-27, 2024 at the Omni Island Resort in Amelia Island, FL is the premier event for bankers in Illinois and Ohio.

More information about the Illinois Bankers Association can be found at https://illinois.bank/ and information about the Ohio Bankers League can be found at https://www.ohiobankersleague.com/.

Olsen Palmer Sponsors the Tennessee Bankers Association Annual Meeting

Olsen Palmer is pleased to be a continued sponsor of the Tennessee Bankers Association’s Annual Meeting. The event, which took place June 16-18, 2024 at The Greenbrier is the premier event for Tennessee Bankers.

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

Olsen Palmer Advises Mountain View Bank of Commerce in its Agreement to be Acquired by Academy Bank, N.A.

Westminster, Colorado-based Mountain View Bank of Commerce has entered into a definitive agreement to be acquired by Academy Bank, N.A. and its parent, Dickinson Financial Corporation. The transaction is expected to close in the fourth quarter 2024.

Olsen Palmer LLC served as financial advisor to NBC Bancshares LLC, parent of Mountain View Bank of Commerce in connection with this transaction.

With over $2.7 billion in assets, Academy Bank, N.A. is headquartered in Kansas City, Missouri and serves clients online and in 72 locations across four states—AZ, CO, KS and MO. The deal expands Academy Bank’s already significant presence in the Colorado market with a Westminster branch and a Boulder loan production office. Post closing, Academy Bank will have 28 branches and over $725 million in deposits throughout Colorado.

Transaction Announcement (PDF)