Olsen Palmer Advises Commercial Bank & Trust Company in Its Agreement to Be Acquired for $145M

Commercial Holding Company, Inc. (“Commercial”), the parent company of Commercial Bank & Trust Company, and Renasant Corporation (NYSE: RNST) (“Renasant”) jointly announced the signing of a definitive merger agreement under which Commercial will merge with and into Renasant.​

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to Commercial Holding Company, Inc.​

Under the terms of the merger agreement, Commercial shareholders will receive 0.8798 shares of Renasant common stock for each share of Commercial common stock. Coupled with a special cash dividend of approximately $35.7 million, the aggregate transaction value is approximately $145 million, based on Renasant’s closing stock price.​

Olsen Palmer is the #1 sell-side bank M&A advisor based on transaction count in 2026, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Anna State Bank in Its Acquisition by Alliance Bank

ASB Management Corp., and its wholly owned subsidiary, Anna State Bank, has been acquired by Alliance Bancshares, Inc., the bank holding company for Alliance Bank.

Olsen Palmer LLC served as financial advisor to ASB Management Corp.

Anna State Bank, an Illinois state-chartered bank headquartered in Anna, Illinois, holds approximately $112 million in total assets. Alliance Bank, a Missouri state-chartered bank headquartered in Cape Girardeau, Missouri, operates with approximately $400 million in total assets across five branches throughout Southeast Missouri.

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

Transaction Announcement (PDF)

Olsen Palmer Advises North Shore Trust and Savings in Its Acquisition by First National Bank of Brookfield

NSTS Bancorp, Inc. (NASDAQ: NSTS), the holding company for North Shore Trust and Savings (“North Shore”), has been acquired by Brookfield Bancshares, Inc. (“Brookfield”), the holding company for First National Bank of Brookfield, in an all-cash transaction valued at approximately $73.7 million.

North Shore will continue to operate under its existing name and federal savings association charter as a subsidiary of Brookfield.

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to NSTS Bancorp, 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 since 2025, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Peoples Exchange Bank in Its Agreement to Be Acquired by Gulf Winds Credit Union

Peoples Exchange Bancshares, Inc., the holding company for Peoples Exchange Bank, and Gulf Winds Credit Union have jointly announced that they have entered into a definitive agreement in which Gulf Winds Credit Union will acquire Peoples Exchange Bank.

Olsen Palmer LLC served as financial advisor to Peoples Exchange 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.

Transaction Announcement (PDF)

Olsen Palmer Advises Colonial Savings, F.A. in Its Agreement to Be Acquired by Gateway First Bank

First Western Mortgage Corporation, parent company of Colonial Savings F.A. (“Colonial”), has entered into an agreement whereby Colonial will be acquired by Gateway First Bank (“Gateway”). The transaction is expected to close in the first quarter of 2027, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.

Olsen Palmer LLC served as financial advisor to First Western Mortgage Corporation.​

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)