OLSEN PALMER CLIENT AMERICAN TRUST BANK IS ACQUIRED BY CITIZENS BANK

Washington, D.C. – Olsen Palmer LLC is pleased to announce that on December 2, 2016, American Trust Bank was acquired by Citizens Bank for $19.8 million in cash.

Olsen Palmer served as exclusive financial adisor and issued a Fairness Opinion to American Trust Bank.

This the 11th whole-bank or branch M&A transaction announced or completed in the past 24 months in which Olsen Palmer LLC served as advisor, involving buyers and sellers from 7 different states.

Download M&A Announcement (PDF)

About Olsen Palmer LLC

Olsen Palmer LLC is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions.

By design, we take an independent approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

OLSEN PALMER ADVISES FIRST SOUTH BANK IN AGREEMENT TO BE ACQUIRED BY SIMMONS FIRST NATIONAL CORPORATION

Washington, D.C. – Olsen Palmer LLC is pleased to announce that First South Bank (“FSB”) and its parent Hardeman County Investment Company, Inc. (“HCIC”) have agreed to be acquired by Simmons First National Corporation (“Simmons”) for $76.5 million in stock and cash based on Simmons’ common stock closing price as of November 17, 2016.

Under the terms of the Agreement, each outstanding share of common stock and equivalents of HCIC will be converted into the right to receive 4.8393 shares of the Company’s common stock and $181.47 in cash, all subject to certain conditions and potential adjustments.  Completion of the transaction, which is subject to approval by HCIC’s shareholders, regulatory approvals, and other customary closing conditions, is expected in the first quarter of 2017.  After closing, FSB is expected to continue operations as a separate bank subsidiary of Simmons for an interim period until it is merged into Simmons Bank.

Founded in 1903, First South Bank has total assets of $462 million and operates 10 branches across 4 Tennessee counties. Simmons (NASDAQ: SFNC) is a financial holding company, headquartered in Pine Bluff, Arkansas, with total assets of $8.2 billion and office locations in Arkansas, Kansas, Missouri and Tennessee.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to Hardeman County Investment Company, Inc. This is the 11th whole-bank or branch M&A transaction announced or completed in the past 2 years in which Olsen Palmer has served as advisor.

Download Transaction Announcement (PDF)

About Olsen Palmer

Olsen Palmer LLC is a nationally-recognized investment banking firm that specializes in advising financial institutions across Mergers & Acquisitions. By design, we take an independent approach: nimble, high-touch, and conflict-free. Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit our website: www.OlsenPalmer.com.

OLSEN PALMER ADVISES AMERICAN TRUST BANK IN AGREEMENT TO BE ACQUIRED BY CITIZENS BANK

Washington, D.C. – Olsen Palmer is pleased to announce that American Trust Bank of East Tennessee (“American Trust”) has agreed to be acquired by Citizens Bank for $19.8 million in cash. The transaction, which has been unanimously approved by the Boards of both institutions, is expected to be completed in the 4th quarter of 2016.

Founded in 2004, American Trust has total assets of $141 million and operates 4 branches across 3 counties. Founded in 1934, Citizens Bank, wholly-owned subsidiary of Citco Community Bancshares, has total assets in excess of $700 million and operates 12 branch locations across 6 counties.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to American Trust. This is the 10th whole-bank or branch M&A transaction announced or completed in the past 2 years in which Olsen Palmer has served as advisor.

Download Transaction Profile

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across the full spectrum of Mergers & Acquisitions. We apply a community banking model to investment banking: Nimble, High-touch, and Conflict-free.

We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.

CHRISTOPHER OLSEN TO SERVE AS FEATURED SPEAKER AT THE 2016 BANK CEO FORUM

Washington, D.C. – Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to be a featured speaker at the 2016 CEO Forum, an event jointly organized by the Virginia Bankers Association, the West Virginia Bankers Association, and the Maryland Bankers Association. The Conference will be held September 12th–13th in Chantilly, Virginia.

In his speech, Mr. Olsen will discuss the landscape for community bank Mergers & Acquisitions (“M&A”), including bank valuation trends, deal drivers, and strategic alternatives available to community banks. He will also discuss best practices for effective M&A transactions, whether as a would-be acquirer, potential seller, merger counterparty, or an independent institution.

For a copy of Mr. Olsen’s presentation materials or for more information, please feel free to send an inquiry to info@olsenpalmer.com.

 About Christopher Olsen

Christopher Olsen, the Managing Partner of Olsen Palmer LLC, has been working with and advising financial institutions for the entirety of his career, including on over 50 M&A transactions with consideration values as large as $4 billion.

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions. By design, our firm applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options.

CHRISTOPHER OLSEN TO SERVE AS FEATURED SPEAKER AT THE 2016 EXECUTIVE MANAGEMENT CONFERENCE

Washington, D.C. – Christopher Olsen, Managing Partner of Olsen Palmer LLC, has been invited to be a featured speaker at the 2016 Executive Management Conference, an annual meeting jointly organized by the Mississippi Bankers Association and the Tennessee Bankers Association. The Conference will be held October 9th –12th in Lake Tahoe, California.

In his speech, Mr. Olsen will discuss the landscape for community bank Mergers & Acquisitions (“M&A”), including bank valuation trends, deal drivers, and strategic alternatives available to community banks. He will also discuss best practices for effective M&A transactions, whether as a would-be acquirer, potential seller, merger counterparty, or an independent institution.

Mr. Olsen previously served as a featured speaker at the Executive Management Conference in 2013.

For a copy of Mr. Olsen’s presentation materials or for more information, please feel free to send an inquiry to info@olsenpalmer.com.

About Christopher Olsen

Christopher Olsen, the Managing Partner of Olsen Palmer LLC, has been working with and advising financial institutions for the entirety of his career, including on over 50 M&A transactions with consideration values as large as $4 billion.

About Olsen Palmer LLC

Olsen Palmer is a nationally-recognized independent investment banking firm that advises community banks across Mergers & Acquisitions. By design, our firm applies a community banking model to investment banking: nimble, high-touch, and conflict-free. We specialize in sell-side advisory, buy-side advisory, valuations, fairness opinions, branch acquisitions / divestitures, and Board-level assessments of strategic options