First Bank of Linden, the banking subsidiary of First Linden Bancshares, Inc., has entered into an agreement to be acquired by Alabama ONE. The transaction is structured as a purchase and assumption and the consideration is all-cash.
Olsen Palmer LLC served as financial advisor and issued a fairness opinion to First Linden Bancshares, Inc.
This transaction highlights our ability to drive optimal results for our clients across market conditions. Other transactions we have recently advised on include:
Escambia County Bank agreeing to be acquired by AmeriFirst Bank on August 18th
Citizens Bank agreeing to be acquired by Bank of Holly Springs on July 31st
American Bank & Trust agreeing to be acquired by Citizens Bank of Lafayette on July 9th
22ND State Bank agreeing to acquire 1 branch from Bank OZK on July 1st
BankFirst acquiring Traders & Farmers Bank on July 1st
Merchants Bank being acquired by Fidelity Bank on May 1st
Olsen Palmer LLC is the #2 bank M&A advisor nationwide according to S&P Global, as ranked based on the number of whole-bank M&A transactions advised upon in 2020 year-to-date.