NSTS Bancorp, Inc. (NASDAQ: NSTS), the holding company for North Shore Trust and Savings (“North Shore”), has been acquired by Brookfield Bancshares, Inc. (“Brookfield”), the holding company for First National Bank of Brookfield, in an all-cash transaction valued at approximately $73.7 million.
North Shore will continue to operate under its existing name and federal savings association charter as a subsidiary of Brookfield.
Olsen Palmer LLC served as financial advisor and issued a fairness opinion to NSTS Bancorp, Inc.
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.