Washington, D.C. – Olsen Palmer is pleased to announce that Merchants & Planters Bancshares, Inc. (“MPBI”), parent company of Merchants & Plants Bank, has agreed to be acquired by F&M Bancshares, Inc. (“FMBI”), parent company of Centennial Bank.
Under the terms of the definitive merger agreement, MPBI will merge into FMBI and Merchants and Planters Bank will merge into Centennial Bank.
The merger, which has been approved by both companies’ boards of directors, is expected to close in the fourth quarter of 2017 or the first quarter of 2018.
Upon completion of the transaction, the combined bank will have approximately $457 million in total assets.
Merchants and Planters Bank, founded 1904, operates four full-service community bank offices within one county while Centennial Bank f/k/a Farmers & Merchants Bank, founded 1916, operates eight offices across four counties.
Olsen Palmer LLC served as exclusive financial adviser to Merchants & Planters Bancshares, Inc.
Olsen Palmer, a leading, nationally-ranked investment banking firm, has advised on total bank M&A transaction deal value of approximately $700 million over the past 36 months.
About Olsen Palmer LLC
Olsen || Palmer is an independent investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions.
By design, advising clients is our only business allowing an independent, truly client-centric 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.
Note: TN advisor ranking based on number of transactions since 2014, according to SNL Financial.