Olsen Palmer Advises Farmers State Bank in Its Merger With Hawthorn Bank

Hawthorn Bancshares, Inc. (“Hawthorn”) (NASDAQ: HWBK), the Missouri-based holding company of Hawthorn Bank, announced the completion of the merger of FSC Bancshares, Inc. (“FSC”) with and into Hawthorn, with Hawthorn continuing as the surviving corporation, and the merger of FSC’s wholly-owned banking subsidiary, Farmers State Bank, with and into Hawthorn Bank, with Hawthorn Bank continuing as the surviving bank.

Olsen Palmer LLC issued a fairness opinion to FSC Bancshares, Inc.​

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Olsen Palmer Advises Williamsville State Bank & Trust in Its Acquisition by Land of Lincoln Credit Union

Williamsville State Bank & Trust, a wholly-owned subsidiary of WSB Financial Ltd., has been acquired by Land of Lincoln Credit Union. Pursuant to the definitive agreement, Land of Lincoln Credit Union purchased substantially all of the assets and liabilities of Williamsville State Bank & Trust in an all-cash transaction.

Olsen Palmer LLC served as financial advisor to WSB Financial Ltd. and Williamsville State Bank & Trust.

With the transaction finalized, the combined institution has a footprint of 18 branches.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Bank of Pontiac in Its Agreement to Acquire OSB Community Bank for $45.5M

Pontiac Bancorp, Inc. (“Pontiac”), the parent company of Bank of Pontiac, and Ottawa Bancorp, Inc. (“OSB”), the parent company of OSB Community Bank, jointly announced the signing of a definitive agreement under which OSB will merge with and into Pontiac. In accordance with the terms of the merger agreement, shareholders are expected to receive cash consideration equal to $45.5 million.

Olsen Palmer LLC served as financial advisor to Pontiac Bancorp, Inc., parent of Bank of Pontiac.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and ranks among the top 3 overall (sell-side + buy-side) based on transaction count over the last 12 months, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises First State Bank in Its Agreement to Be Acquired by Citizens Bank

BBS Corp., the parent company of First State Bank, and Amador Bancshares, Inc., the parent company of Citizens Bank of Las Cruces, jointly announced the signing of a definitive merger agreement pursuant to which Amador Bancshares, Inc. will acquire BBS Corp.

Olsen Palmer served as financial advisor to BBS Corp and First State Bank.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide based on transaction count since 2025, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Merchants & Farmers Bank in Its Agreement to Sell One Branch

Merchants & Farmers Bank of Greene County (“Merchants & Farmers”) and First Community Bank of Central Alabama (“FCB”) have entered into an agreement whereby FCB will acquire the Prattville, AL, branch of Merchants & Farmers.

Olsen Palmer LLC served as financial advisor to Merchants & Farmers Bancshares, Inc.

Under the terms of the agreement, FCB will acquire the physical location and the deposit and loan accounts associated with the branch.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide based on transaction count since 2025, according to S&P Global.

Transaction Announcement (PDF)