Latham Bancshares, Inc., the holding company of The Tipton Latham Bank, N.A., and Bethany Bankshares, Inc., the holding company of BTC Bank, have jointly announced that Bethany Bankshares, Inc. has acquired Latham Bancshares, Inc. through a series of mergers. Bethany Bankshares, Inc. will continue on as the surviving corporation. Immediately after the acquisition of Latham Bancshares, Inc., The Tipton Latham Bank, N.A. merged with and into BTC Bank, with BTC Bank continuing as the surviving bank
Olsen Palmer LLC served as financial advisor to Latham Banchares, Inc.
Based on the most recently reported financials, the combined institution holds approximately $1.7 billion in assets across 26 banking offices.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell- side + buy-side) based on transaction count since 2025, according to S&P Global.
Transaction Announcement (PDF)