First Citizens Bank of Butte (“First Citizens Bank”), and Frontier Credit Union (“Frontier") announced that they entered into an agreement whereby Frontier will acquire First Citizens Bank.
Olsen Palmer LLC served as financial advisor to Butte Bank Shares, Inc., parent company of First Citizens Bank.
The proposed acquisition is subject to regulatory approval and shareholder consent. Until the transaction is finalized, both Frontier and First Citizens Bank will continue to operate independently.
When the purchase is complete Frontier Credit Union will have over $773 million in assets and increase its footprint to total 14 branches based on data as of March 31, 2025.
Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide –– and a top 3 overall bank M&A advisor – based on the number of transactions advised upon since 2020 according to S&P Global.