Mackinaw Valley Financial Services, Inc., parent company of First Security Bank, founded in 1907, has been 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.
As a result of the transaction, the combined franchise now has total assets of approximately $332.8 million, deposits of approximately $267.9 million, and loans of approximately $146.7 million as of June 30, 2021.
Godfrey & Kahn, S.C. served as legal advisor to Mackinaw Valley Financial Services, Inc. while Baker, Donelson, Bearman, Caldwell & Berkowitz, PC served as legal counsel to First Bancorp of Taylorville, Inc.
Olsen Palmer LLC is one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the number of whole-bank M&A transactions advised upon over the last twelve months.