OLSEN PALMER ADVISES WESTERN STATES BANCORPRATION IN ITS AGREEMENT TO BE ACQUIRED BY FIRST NATIONAL BANK OF OMAHA AND ITS PARENT COMPANY

Western States BanCorporation (“Western States”) and its wholly-owned subsidiary Western States Bank, headquartered in Laramie, Wyoming, today announced that it has entered into a definitive agreement to be acquired by Omaha, Nebraska-based First National of Nebraska and its subsidiary First National Bank of Omaha (“FNBO”).

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to Western States BanCorporation.

The proposed transaction, FNBO’s first announced whole-bank acquisition in almost 15 years, is subject to customary regulatory approvals, the approval of Western States’ shareholders, and the completion of various closing conditions and is anticipated to close in the first quarter of 2022.

FNBO is the primary banking subsidiary of First National of Nebraska which has $25 billion in assets and nearly 100 locations in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.

Western States, founded in 2006, has $542 million in total assets and 10 branch locations located in Southeast Wyoming, Northeast Colorado and the Panhandle of Nebraska.

Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide while Managing Partner Christopher Olsen remains the #1 individual bank M&A advisor nationwide according to S&P Global, as ranked by the total number of whole-bank M&A transactions advised upon since 2019.

Transaction Announcement (PDF)

OLSEN PALMER SPONSORS OLE MISS BUSINESS 20TH ANNUAL BANKING & FINANCE SYMPOSIUM

Olsen Palmer is pleased to sponsor the 20th Ole Miss Business Annual Banking & Finance Symposium to be held at the Oxford Conference Center in Oxford, Mississippi on November 12, 2021.

For more information, please visit https://olemissalumniassociation.regfox.com/2021-banking-and-finance-symposium

OLSEN PALMER ADVISES BANKFIRST CAPITAL CORPORATION IN ITS AGREEMENT TO ACQUIRE THE CITIZENS BANK OF FAYETTE

BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), today announced the signing of a definitive merger agreement with F.B.H. Corporation (“F.B.H.”) and The Citizens Bank of Fayette (“Citizens Bank”), under which BankFirst will acquire Citizens Bank through the merger of Citizens Bank with and into the Bank.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to BankFirst Capital Corporation.

The transaction has been approved by the board of directors of each company, is expected to close in the fourth quarter of 2021, and is subject to customary closing conditions, including approval from the shareholders of F.B.H. and bank regulatory authorities. After the merger is completed, the Bank will have 32 offices and will have assets in excess of $2.0 billion.

Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the total number of whole-bank M&A transactions advised upon over the last twelve months.

TRANSACTION ANNOUNCEMENT (PDF)

OLSEN PALMER ADVISES TRI-STATE BANK OF MEMPHIS IN ITS SALE TO LIBERTY BANK

Tri-State Bank (“Tri-State”) and Liberty Bank and Trust Company and its parent holding company, Liberty Financial Services, Inc. (collectively, “Liberty”), completed their agreement whereby Tri-State has been acquired by Liberty in an all-cash transaction.

Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to the Board of Directors of Tri-State Bank in connection with this transaction.

Both Liberty and Tri-State are Minority Depository Institutions as defined by the Federal Deposit Insurance Corporation. With the transaction, Liberty has approximately $1 billion in proforma assets and offices in 12 cities based on information as of June 30 ,2021.

Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide while Managing Partner Christopher Olsen remains the #1 individual advisor across the U.S. according to S&P Global , as ranked by the total number of whole-bank M&A transactions advised upon since 2019.

TRANSACTION ANNOUNCEMENT (PDF)

OLSEN PALMER ADVISES LANDMARK COMMUNITY BANK IN ITS SALE TO SIMMONS FIRST NATIONAL CORPORATION

Landmark Community Bank, has been acquired by Simmons First National Corporation for stock and cash consideration valued at approximately $146.0 million.

Olsen Palmer LLC served as exclusive financial advisor to Landmark Community Bank.

As a result of the transaction, the combined franchise now has total assets of approximately $24.4 billion, total deposits of approximately $19.1 billion and total loans of approximately $12.2 billion.

Along with a separate definitive agreement entered into on the same day, Simmons estimated the proposed transactions, on a combined basis, to be approximately 7.5% accretive to earnings per share in 2022 excluding one-time transaction expenses and slightly accretive to tanglible book value per share including the impact of one-time transaction expenses and CECL “day two” accounting.

Olsen Palmer LLC is the #1 community bank M&A advisor nationwide according to S&P Global, as ranked by the number of whole-bank sell-side M&A transactions advised upon over the last twelve months in which the seller had assets of $5 billion or less.

TRANSACTION ANNOUNCEMENT (PDF)