Olsen Palmer is pleased to announce that First Alliance Bancshares, Inc. and its banking subsidiary First Alliance Bank have been acquired by Guaranty Capital Corporation, the holding company for Guaranty Bank & Trust Company, in an all-cash transaction.
Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to First Alliance Bancshares, Inc.
Founded in 1999, First Alliance Bank had total assets of approximately $140 million and 4 branches. With this transaction, Guaranty Bank & Trust Company now has total assets of approximately $1.0 billion and 21 branches across Mississippi and Tennessee.
Olsen Palmer remains ranked as a Top 5 bank M&A advisor across the entire U.S. according to S&P Global, based on the number of whole-bank sell-side M&A transactions advised upon in 2019 year-to-date.