Merchants & Farmers Bank of Greene County (“Merchants & Farmers”) and AOD Federal Credit Union (“AOD”) announced today that they have entered into an agreement whereby AOD will acquire the Prattville, AL branch of Merchants & Farmers. Under the terms of the agreement AOD will acquire the physical location and most of the deposit and loan accounts associated with the branch; as of the date of this announcement the deposits and loans to be conveyed by Merchants & Farmers to AOD are approximately $15 million and $10 million, respectively. Merchants & Farmers will continue to operate through its locations in west Alabama.
Olsen Palmer LLC served as financial advisor to Merchants & Farmers Bank of Greene County.
The proposed transaction is subject to customary closing conditions as well as approval by applicable regulatory authorities. It is expected to be completed by the first quarter of 2026.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020, according to S&P Global.