Signature Bank Has Been Acquired by First Community Bank

Signature Bank of Georgia (OTCPK: SGBG) (“Signature Bank”) and First Community Corporation   (NASDAQ: FCCO) (“First Community”), parent company of First Community Bank, today announced the closing of the transaction whereby Signature Bank was acquired by First Community in an all-stock deal valued at approximately $50.5 million. Signature Bank shareholders will receive 0.6410 shares of First Community’s common stock in exchange for each share of Signature Bank common stock. Following the completion of the transaction, Signature Bank was merged with and into First Community Bank.

Olsen Palmer LLC served as financial advisor to Signature Bank of Georgia and issued a fairness opinion to its Board of Directors.

With the addition of Signature Bank, the First Community has more than $2.3 billion in assets, $2.1 billion in deposits, and $1.5 billion in loans.  The transaction creates a banking office network of 23 full-service offices and a loan production office across two states.

In connection with the transaction, two Signature Bank directors have been appointed to the boards of directors of First Community and First Community Bank.

Olsen Palmer is the #1 ranked sell-side bank M&A advisor nationwide – and top 3 overall – based on the number of transactions advised upon in 2025, according to S&P Global.

Transaction Announcement (PDF)

Wrightsville Bancshares, Inc. Has Agreed to Be Acquired by Century Bancorp, Inc.

Wrightsville Bancshares, Inc. (“Wrightsville”), parent company to Bank of Wrightsville, has announced that it has entered into a definitive agreement to be acquired by Century Bancorp, Inc. (“Century”), parent company to Century Bank & Trust.

Olsen Palmer LLC served as financial advisor to Wrightsville Bancshares, Inc.

The transaction, which is subject to customary closing conditions, including approval from the shareholders of Wrightsville and bank regulatory authorities, is expected to close in Q1 2026. Upon completion of the transaction Century will have 4 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.

Transaction Announcement (PDF)

Olsen Palmer Advises Williamsville State Bank & Trust in Its Agreement to Be Acquired by Land of Lincoln Credit Union

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.

Transaction Announcement (PDF)

Olsen Palmer Advises Heritage Bank in Its Acquisition of Fidelity State Bank and Trust Company

Topeka, Kansas-based Heritage Bancshares, Inc., the holding company of Heritage Bank (together, “Heritage”), and Topeka, Kansas-based Fidelity Kansas Bankshares, Inc., the holding company of Fidelity State Bank and Trust Company, announced today that Heritage has acquired Fidelity State Bank and Trust Company. Fidelity State Bank and Trust Company will be merged with and into Heritage Bank with Heritage Bank as the surviving entity.

Olsen Palmer LLC served as financial advisor to Heritage Bancshares, Inc. in connection with this transaction.

With the consummation of the transaction, Heritage will have greater than $300 million in total assets and top-10 deposit market share in the Topeka, KS MSA.

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.

Transaction Announcement (PDF)

Merchants & Farmers Bank of Greene County Has Agreed to Sell 1 Branch

Merchants & Farmers Bank of Greene County (“Merchants & Farmers”) and AOD Federal Credit Union (“AOD”) announced today that they have entered into an agreement whereby AOD will acquire the Prattville, AL branch of Merchants & Farmers. Under the terms of the agreement AOD will acquire the physical location and most of the deposit and loan accounts associated with the branch; as of the date of this announcement the deposits and loans to be conveyed by Merchants & Farmers to AOD are approximately $15 million and $10 million, respectively. Merchants & Farmers will continue to operate through its locations in west Alabama.

Olsen Palmer LLC served as financial advisor to Merchants & Farmers Bank of Greene County.

The proposed transaction is subject to customary closing conditions as well as approval by applicable regulatory authorities. It is expected to be completed by the first quarter of 2026.

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.

Transaction Announcement (PDF)