Republic Bank of Arizona Has Been
Acquired by Pima Federal Credit Union
RBAZ Bancorp, Inc. (OTCPK: RBAZ, “RBAZ”), the holding company of Republic Bank of Arizona (“Republic Bank”), announced it completed the sale of substantially all of the assets and liabilities of Republic Bank to Pima Federal Credit Union effective May 2, 2025.
Olsen Palmer served as financial advisor to RBAZ Bancorp, Inc.
RBAZ also announced that its Board of Directors effected a plan of dissolution for the winding up and liquidation of RBAZ. As part of the dissolution process, the Board of Directors authorized a cash distribution of $22.00 per share on a fully-diluted basis. RBAZ may make a second distribution in connection with the completion of the dissolution process.
Republic Bank of Arizona had $284 million in total assets as of March 31, 2025 and three full-service branches in the Phoenix metropolitan area.
Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide - and one of the top 3 bank M&A advisors overall - based on the number of transactions advised upon over the last twelve months according to S&P Global.