OLSEN PALMER CLIENT SOUTHERN COMMUNITY BANK ACQUIRED BY SMARTFINANCIAL, INC.

Washington, D.C. – Olsen Palmer is pleased to announce that Southern Community Bank (“SCB”) and its parent company (“TBI”) have been acquired by SmartFinancial, Inc. (NASDAQ: SMBK), parent of SmartBank, in an all-stock transaction valued at approximately $34.9 million.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to the parent company of Southern Community Bank.

Pursuant to the terms of the merger agreement, each share of TBI common stock was exchanged for 0.8065 shares of SmartFinancial common stock, equal to a total value of approximately $34.9 million based on the 10-day Volume Weighted Average Closing Price of SmartFinancial’s stock as described in the agreement.

With the completion of the merger, Southern Community Bank’s CEO Bill Yoder has assumed the role of Chief Banking Officer for SmartBank and TBI Board member Clifton Miller has joined the SmartFinancial and SmartBank boards of directors.

With this transaction, Olsen Palmer has now advised on approximately $750 million in total bank M&A transaction value over the past 36 months.

If you have any questions or would like additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF)

About Olsen Palmer LLC

Olsen || Palmer is an independent, nationally-recognized investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing a truly client-centric approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit www.OlsenPalmer.com.

OLSEN PALMER CLIENT MERCHANTS & PLANTERS BANK HAS BEEN ACQUIRED BY CENTENNIAL BANK

Washington, D.C. – Olsen Palmer is pleased to announce that Merchants & Planters Bancshares, Inc. (“MPBI”), parent company of Merchants & Planters Bank, has been acquired by F&M Bancshares, Inc. (“FMBI”), parent company of Centennial Bank.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to Merchants & Planters Bancshares, Inc.

With this transaction, Olsen Palmer, a leading M&A adviser to community banks according to data from SNL Financial, has advised on approximately $700 million in total bank M&A transaction value over the past 36 months.

If you would like additional information or have any questions – on M&A, valuation, or strategic options – please feel free to contact us at 202-627-2043 or colsen@olsenpalmer.com.

 Download Transaction Announcement (PDF)

About Olsen Palmer LLC               

Olsen || Palmer is an independent, nationally-recognized investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing a truly client-centric approach: nimble, high-touch, and conflict-free. Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

OLSEN PALMER CLIENT DOOLIN SECURITY SAVINGS BANK HAS MERGED WITH FIRST MUTUAL HOLDING CO.

Washington, D.C. – Olsen Palmer is pleased to announce that New Martinsville, West Virginia-based Doolin Security Savings Bank, FSB (“Doolin”) has merged with Lakewood, Ohio-based First Mutual Holding Co. (“FMHC”).

The combined company will have consolidated total assets of approximately $1.9 billion and 23 branches across Ohio and West Virginia.

Olsen Palmer LLC served as exclusive financial adviser to Doolin Security Savings Bank and has now advised on more than $700 million in aggregate community bank M&A transaction value over the past 36 months.

If you have any questions or would like additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF)

About Olsen Palmer LLC

Olsen || Palmer is an independent, nationally-recognized investment banking firm that exclusively advises banking financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing a truly client-centric approach: nimble, high-touch, and conflict-free. Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit www.OlsenPalmer.com.

OLSEN PALMER ADVISES SOUTHERN COMMUNITY BANK IN AGREEMENT TO MERGE WITH SMARTFINANCIAL, INC.

Washington, D.C. – Olsen Palmer is pleased to announce that Southern Community Bank (“SCB”) and its parent company (“TBI”) have agreed to be acquired by SmartFinancial, Inc. (NASDAQ: SMBK), parent of SmartBank, for total transaction consideration of approximately $33.1 million.

Olsen Palmer LLC served as exclusive financial advisor and issued a Fairness Opinion to the parent company of Southern Community Bank.

Under the terms of the merger agreement, each share of TBI common stock will be exchanged for 0.8065 shares of SmartFinancial common stock, equal to $31.8 million based on SmartFinancial’s recent closing price. Additionally, subject to satisfaction of certain conditions, TBI may pay a one-time special cash dividend of up to $0.70 per common share, approximately $1.3 million in the aggregate, immediately prior to closing.

Following the merger, Southern Community CEO Bill Yoder will assume the role of Chief Banking Officer for SmartBank and Clifton Miller will join the SmartFinancial and SmartBank boards of directors.

The transaction, which is subject to TBI shareholder approval and the receipt of all necessary regulatory approvals, is expected to be completed in the 2nd quarter of 2018.

Olsen Palmer has advised on approximately $700 million in total bank M&A transaction value over the past 36 months.

If you have any questions or would like additional information, please feel free to contact 202-627-2043 or colsen@olsenpalmer.com.

Download Transaction Announcement (PDF)

About Olsen Palmer LLC

Olsen || Palmer is an independent, nationally-recognized investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing a truly client-centric approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit www.OlsenPalmer.com.

OLSEN PALMER ADVISES THE CLAYTON BANKS IN AGREEMENT TO BE ACQUIRED BY FIRSTBANK FOR $284.2 MILLION

Washington, D.C. – Olsen Palmer is pleased to announce that Clayton HC, Inc. has entered into an agreement with FirstBank, wholly-owned subsidiary of FB Financial Corporation, pursuant to which FirstBank will acquire Clayton Bank & Trust and American City Bank (collectively “the Clayton Banks”) for approximately $284.2 million.

Olsen Palmer LLC served as exclusive financial advisor to Clayton HC, Inc., parent company of the Clayton Banks.

Under the terms of the agreement, FirstBank will acquire from Clayton HC all of the shares of the Clayton Banks, which will be merged into FirstBank upon closing, for consideration comprised of 5,860,000 shares of common stock (NYSE: FBK), $79.5 million in cash, and $60 million in subordinated debt.

The Clayton Banks – 18 branches, total assets of $1.2 billion – are wholly-owned by Clayton HC, Inc. which is 98% owned by Jim Clayton, Chairman and Chief Executive Officer. FirstBank has $3.2 billion in assets and 45 branches across 3 states.

This deal ranks as the 4th largest bank M&A transaction in the U.S. thus far in 2017 in terms of transaction value, according to SNL Financial.

Olsen Palmer has now advised on over $500 million in aggregate transaction value over the past 18 months and is ranked as a Top 10 bank M&A advisory firm based on aggregate deal value, according to SNL Financial.

Download Transaction Announcement (PDF)

About Olsen Palmer

Olsen || Palmer is an independent investment banking firm that exclusively advises financial institutions across Mergers & Acquisitions. By design, advising clients is our only business allowing us to take an independent, client-centric approach: nimble, high-touch, and conflict-free.

Specializing in buy-side M&A advisory, sell-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.

For more information, please visit www.OlsenPalmer.com.