Western States BanCorporation (“Western States”) and its wholly-owned subsidiary Western States Bank, headquartered in Laramie, Wyoming, has been acquired by Omaha, Nebraska-based First National of Nebraska and its subsidiary First National Bank of Omaha (“FNBO”).
Olsen Palmer LLC served as exclusive financial advisor to Western States BanCorporation.
With this transaction – FNBO’s first whole-bank acquisition in almost 15 years – FNBO adds Western States’ nearly $550 million in total assets and expands its footprint to 8 states throughout the Midwest and West, adding 10 locations across Northeastern Colorado, Western Nebraska, and Eastern Wyoming. FNBO has greater than $25 billion in assets and nearly 100 locations.
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.