Mackinaw Valley Financial Services, Inc., parent company of First Security Bank, founded in 1907, has entered into an Agreement and Plan of Merger whereby it will be acquired by First Bancorp of Taylorville, Inc., parent company of First National Bank in Taylorville, founded in 1956.
Olsen Palmer LLC served as exclusive financial advisor to Mackinaw Valley Financial Services, Inc.
The proposed transaction, which has been approved by the boards of directors of both companies but remains subject to customary closing conditions as well as approval by Mackinaw Valley Financial Services, Inc.’s stockholders and by applicable bank regulatory authorities, is expected to be completed in the second half of 2021.
Olsen Palmer LLC is the #2 bank M&A advisor nationwide according to S&P Global, based on the number of whole-bank M&A deals advised upon in 2020.