Pontiac Bancorp, Inc. (“Pontiac”), the parent company of Bank of Pontiac, and Ottawa Bancorp, Inc. (“OSB”), the parent company of OSB Community Bank, jointly announced the signing of a definitive agreement under which OSB will merge with and into Pontiac. In accordance with the terms of the merger agreement, shareholders are expected to receive cash consideration equal to $45.5 million.
Olsen Palmer LLC served as financial advisor to Pontiac Bancorp, Inc., parent of Bank of Pontiac.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and ranks among the top 3 overall (sell-side + buy-side) based on transaction count over the last 12 months, according to S&P Global.