OLSEN PALMER ADVISES CATOOSA BANCSHARES, INC., PARENT COMPANY OF CAPITAL BANK, IN AGREEMENT TO MERGE WITH FNB BANCSHARES, INC.

Washington, D.C. – Olsen Palmer is pleased to announce that Catoosa Bancshares, Inc. (“Catoosa”), parent of Capital Bank (Fort Oglethorpe, GA), and FNS Bancshares, Inc. (“FNS”), parent of FNB Bank (Scottsboro, AL), have signed a definitive agreement pursuant to which Catoosa will merge with and into FNS in an all cash transaction.

Olsen Palmer LLC served as exclusive financial adviser to the parent company of Capital Bank.

Upon completion of the merger, the combined company will have assets of $649 million, deposits of $575 million, and gross loans of $460 million, and will operate 16 branches throughout northeast Alabama, northwest Georgia, and in the Nashville and Chattanooga MSAs.

Following the merger, Joseph M. “Joe” Haskins, Chairman, President and CEO of Catoosa, will become the Senior Director of Market Development with the responsibility for identifying and developing opportunities throughout Chattanooga and northwest Georgia.

The transaction, which has been approved by the Boards of Directors of each company and is subject to regulatory approvals, is expected to close in the fourth quarter of 2018.

Olsen Palmer has now advised on approximately $800 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 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.