Mississippi River Bank (“MRB”) has been acquired by Merchants & Marine Bancorp, Inc. (“MNMB”, OTCQX: MNMB).
Olsen Palmer LLC served as financial advisor to Mississippi River Bank in conjunction with this transaction.
With completion of the transaction, MRB will continue to operate under its existing branding as a division of MNMB’s wholly-owned bank subsidiary, Merchants & Marine Bank. MRB Chief Executive Officer and its President / Chief Operations Officer will both continue to lead the MRB division in their existing roles.
Fenimore Kay Harrison served as legal advisor to Mississippi River Bank and Maynard Nexsen served as legal advisor to Merchants & Marine Bancorp, Inc.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide – and one of the top 2 overall bank M&A advisors – based on the number of transactions advised upon in 2023 according to S&P Global.