Harrisburg, Nebraska based Banner County Ban Corporation, the holding company of Banner Capital Bank (together “Banner”), and Lusk, Wyoming based Bankers Capital Corporation, the holding company of Lusk State Bank (together “Lusk”), have completed a stock purchase agreement whereby Banner acquired Lusk.
Olsen Palmer LLC served as exclusive financial advisor to Bankers Capital Corporation.
With the acquisition, Banner has enhanced its existing presence within the state of Wyoming via Lusk State Bank’s location in Niobrara County. On a pro forma basis, Banner County Ban Corporation will have 6 full-service banking branches and total assets of approximately $296 million. Spierer, Woodward, Corbalis, & Goldberg served as legal advisor to Lusk while Koley Jessen P.C., LLO served as legal advisor to Banner.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global based on the total number of bank M&A transactions advised upon over the past three years.