Senath Bancshares Inc. and its subsidiary, Senath State Bank, have agreed to be acquired by First State Bancorp, Inc., the parent company of First State Bank and Trust Company, Inc.
Olsen Palmer LLC served as financial advisor to Senath Bancshares Inc.
Based on most recently reported metrics, the combined organization will hold nearly $650 million in assets across 10 locations in southeastern Missouri. The transaction is subject to regulatory approval and other customary closing conditions.
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.