Olsen Palmer Advises First Citizens Bank of Butte in its Agreement to be Acquired by Frontier Credit Union

First Citizens Bank of Butte (“First Citizens Bank”), and Frontier Credit Union (“Frontier") announced that they entered into an agreement whereby Frontier will acquire First Citizens Bank.

Olsen Palmer LLC served as financial advisor to Butte Bank Shares, Inc., parent company of First Citizens Bank.

The proposed acquisition is subject to regulatory approval and shareholder consent. Until the transaction is finalized, both Frontier and First Citizens Bank will continue to operate independently.

When the purchase is complete Frontier Credit Union will have over $773 million in assets and increase its footprint to total 14 branches based on data as of March 31, 2025.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide –– and a top 3 overall bank M&A advisor – based on the number of transactions advised upon since 2020 according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Mississippi River Bank in its acquisition by Merchants & Marine Bank

Mississippi River Bank (“MRB”) has been acquired by Merchants & Marine Bancorp, Inc. (“MNMB”, OTCQX: MNMB).

Olsen Palmer LLC served as financial advisor to Mississippi River Bank in conjunction with this transaction.

With completion of the transaction, MRB will continue to operate under its existing branding as a division of MNMB’s wholly-owned bank subsidiary, Merchants & Marine Bank. MRB Chief Executive Officer and its President / Chief Operations Officer will both continue to lead the MRB division in            their existing roles.

Fenimore Kay Harrison served as legal advisor to Mississippi River Bank and Maynard Nexsen served as legal advisor to Merchants & Marine Bancorp, Inc.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide – and one of the top 2 overall bank M&A advisors – based on the number of transactions advised upon in 2023 according   to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer advises Mountain View Bank of Commerce in its Acquisition by Academy Bank

Westminster, Colorado-based Mountain View Bank of Commerce has been acquired by Academy Bank, N.A. and its parent, Dickinson Financial Corporation.

Olsen Palmer LLC served as financial advisor to NBC Bancshares LLC, parent of Mountain View Bank of Commerce in connection with this transaction.

With over $2.8 billion in assets, Academy Bank, N.A. is headquartered in Kansas City, Missouri and serves clients online and in 74 locations across four states—AZ, CO, KS and MO. The deal expands Academy Bank’s already significant presence in the Colorado market with a Westminster branch and a Boulder loan production office.

Olsen Palmer remains one of the top 2 ranked sell-side bank M&A advisors nationwide – and top 3 overall – based on the number of transactions advised upon since 2020, according to S&P Global.

Download Announcement (PDF).

Olsen Palmer advises Wilson Bank & Trust in its Acquisition of 1 Branch from F&M Bank

Wilson Bank & Trust ($5.4 billion, “WBT”) announced that it has acquired an office from F&M Bank ($1.7 billion, “F&M”). As part of the acquisition agreement, WBT assumed approximately $26 million in deposit accounts, most loan accounts tied to the location and retained the existing staff to ensure a smooth and familiar experience for its customers.

Olsen Palmer served as financial advisor to Wilson Bank & Trust in connection with this transaction.

With the completion of the transaction, WBT now operates 32 offices across 10 counties and holds more than $5.4 billion in assets.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide – and a top 3 overall advisor – based  on the number of transactions advised upon since 2020, according to S&P Global while the firm’s Managing Partner Christopher Olsen is the #1 individual bank M&A advisor nationwide over the same period.

Transaction Announcement (PDF)

Olsen Palmer Advises TruPoint Bank in Its Agreement to Acquire First Community Bank

Miners and Merchants Bancorp, Inc. (“Miners and Merchants”), the parent company of TruPoint Bank (“TruPoint”), and First Community Corporation (“First Community”), the parent company of First Community Bank (“FCB”), jointly announced the signing of a definitive merger agreement whereby Miners and Merchants will acquire First Community and FCB.

Olsen Palmer LLC serves as financial advisor to Miners and Merchants Bancorp, Inc.

The transaction, which has been approved by the Board of Directors of each company and is subject to shareholder and regulatory approval, is expected to close late in the third quarter of 2025 or early in the fourth quarter of 2025.

Olsen Palmer remains the #2 sell-side bank M&A advisor nationwide – and a top 3 overall bank M&A advisor – based on the number of transactions advised upon since 2020 according to S&P Global.