FARMERS & MERCHANTS BANK OF ORFORDVILLE HAS AGREED TO BE ACQUIRED BY BANK OF BRODHEAD

Olsen Palmer is pleased to announce that Farmers & Merchants Bank of Orfordville (“Farmers & Merchants Bank”) has entered into an Agreement and Plan of Merger to be acquired by Brodhead Bancshares, Inc., parent of The Bank of Brodhead.

Olsen Palmer LLC served as exclusive financial advisor to Farmers & Merchants Bank in connection with this transaction.

Olsen Palmer remains ranked as a Top 5 bank M&A advisory firm according to SNL Financial/S&P Global, based on the number of whole-bank M&A transactions advised upon in 2019 year-to-date.

The transaction is expected to be completed in the fourth quarter of 2019 pending regulatory and shareholder approvals as well as other customary closing conditions. Brodhead Bancshares, Inc. will be the holding company for both banks following closing of the transaction and it is anticipated that Farmers & Merchants Bank will be merged with and into The Bank of Brodhead at a future date.

Download Transaction Announcement (PDF)

OLSEN PALMER CLIENT FIRST MADISON BANK & TRUST HAS BEEN ACQUIRED BY UNITED COMMUNITY BANKS, INC.

Olsen Palmer is pleased to announce that on May 1, 2019, First Madison Bank & Trust (“First Madison”) was acquired by United Community Banks, Inc. (“United”, NASDAQ: UCBI) in an all-cash transaction valued at approximately $52 million, equivalent to 1.94x First Madison’s normalized tangible common equity (“TCE”) based on a normalized TCE ratio of 9.0%.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to First Madison Bank & Trust.

Olsen Palmer is ranked as a Top 5 bank M&A advisor across the entire U.S. according to SNL Financial/S&P Global, based on the number of whole-bank M&A transactions advised upon in 2019 year-to-date.

If you would like additional information or have any questions on M&A, valuation, or strategic options please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.

 

Download Transaction (PDF)

CHRISTOPHER OLSEN TO SPEAK AT VBA/VACB BANK DIRECTORS' SYMPOSIUM

Christopher Olsen will speak at The Bank Directors' Symposium, sponsored by the Virginia Bankers Association and the Virginia Association of Community Banks (VACB). The two-day event will be held at The Inn at Virginia Tech (Southwest) on April 10th and The Westin Richmond (Central) on April 11th, 2019.

The Bank Directors’ Symposium provides bank board members with current data, thought-provoking industry trends and networking opportunities with other directors and regulators. The program is designed to benefit both new directors and seasoned veterans on the Board.

Mr. Olsen will deliver a presentation titled, Creating Value: Identifying the Key Variables that Truly Drive the Value of your Bank . Without question, maximizing long-term shareholder value is - and should be - a central tenet of every bank’s strategic planning, whether through long-term organic initiatives, through M&A, or through some combination of both. That said, less attention is paid to how ‘value’ is actually defined and measured and, by extension, to what key variables have the most profound effect on driving a bank’s value. This session will de-construct a bank’s value drivers, highlight certain characteristics shared by highly-valued banks, and, ultimately, reveal the key variables that are most closely correlated with the value of a bank.

For more information, please click here.