ASB Management Corp., the bank holding company for Anna State Bank, has entered into a definitive agreement with Alliance Bancshares, Inc., the bank holding company for Alliance Bank, under which ASB Management Corp. has agreed to be acquired by Alliance Bancshares, Inc.
Olsen Palmer LLC served as financial advisor to ASB Management Corp.
The transaction is expected to close in the fourth quarter of 2026, subject to certain closing conditions, including receipt of regulatory approvals and ASB Management Corp. shareholder approval.
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.