Williamsville State Bank & Trust (“Williamsville”), a wholly-owned subsidiary of WSB Financial Ltd., and Land of Lincoln Credit Union (“Land of Lincoln”), jointly announced today that they have entered into a definitive agreement whereby Land of Lincoln will purchase substantially all of the assets and liabilities of Williamsville in an all-cash transaction.
Olsen Palmer LLC served as financial advisor to WSB Financial Ltd. and Williamsville State Bank & Trust.
While the agreement is contingent on obtaining regulatory and WSB Financial Ltd. stockholder approvals, the proposed transaction has been unanimously approved by the boards of directors of both institutions.
The transaction is expected to close in the first half of 2026. Following the completion of the transaction, Williamsville will liquidate and distribute its remaining assets to its stockholders. When the purchase is complete, Land of Lincoln will have $576 million in assets and increase its footprint to a total of 18 branches.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020, according to S&P Global.