TAG Bancshares, Inc. (“TAG”), holding company for Citizens Bank & Trust, and CBS Banc-Corp. (“CBS”), holding company for CB&S Bank, announced the signing of a definitive merger agreement whereby TAG will merge with and into CBS. Shareholders of TAG will receive 100% cash consideration.
Olsen Palmer LLC served as financial advisor to TAG Bancshares, Inc.
The merger of CBS and TAG will create a combined company with approximately $3.0 billion in assets. The transaction is expected to close in the first quarter of 2026. Upon completion of the merger, the combined company will continue to operate under the CB&S Bank brand.
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.