FIRST ALLIANCE BANK TO BE ACQUIRED BY GUARANTY BANK & TRUST COMPANY

Olsen Palmer is pleased to announce that Memphis, Tennessee-based First Alliance Bancshares, Inc. and its banking subsidiary First Alliance Bank, have entered into a definitive agreement to be acquired by Belzoni, Mississippi-based Guaranty Capital Corporation, the holding company for Guaranty Bank & Trust Company, in an all-cash transaction.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to First Alliance Bancshares, Inc.

The transaction, which has been approved by the Board of Directors of both companies but remains subject to customary shareholder and regulatory approvals, is expected to be completed in the fourth quarter of 2019.

With the transaction, Guaranty Bank & Trust Company will establish a branch presence in the Tennessee banking market and will have total assets of approximately $1.0 billion and 21 branches across Mississippi and Tennessee.

With this transaction, Olsen Palmer LLC remains ranked as a Top 5 bank M&A advisory firm across the entire United States according to S&P Global, as ranked based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.

TRANSACTION ANNOUNCEMENT (PDF)