Freedom Bancshares, Inc. (“Freedom”), the holding company of Freedom Bank, announced that it has been acquired by Landmark Bancorp, Inc. (“Landmark”), the holding company of Landmark National Bank, for cash consideration of $33.350 million.
Olsen Palmer LLC served as financial advisor to Freedom Bancshares, Inc. in connection with this transaction.
Freedom was founded in 2006 and operated out of a single location in Overland Park, Kansas. As a result of the merger, which was completed prior to the opening of business on October 1, 2022, Landmark now has total assets of approximately $1.5 billion and total deposits of approximately $1.3 billion with 31 branches. The combined company is operating under the name “Landmark Bancorp, Inc.” and will continue to list its common stock on the Nasdaq Global Select Market and trade under the symbol LARK.
Olsen Palmer remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the total number of whole-bank M&A transactions advised upon over the last three years.