First National Bank Has Been Acquired by Investar Bank

Wichita Falls Bancshares, Inc. (“Wichita Falls”), the holding company of First National Bank ($1.3 billion in assets), and Investar Holding Corporation (“Investar”) (NASDAQ: ISTR), the holding company of Investar Bank, N.A. ($2.8 billion in assets), jointly announced that Wichita Falls has been acquired by Investar for approximately $112.9 million in stock and cash.

Olsen Palmer LLC served as financial advisor to Wichita Falls and issued a fairness opinion to its Board of Directors.

Pursuant to the terms of the transaction, all of the issued and outstanding shares of Wichita Falls common stock were converted into aggregate merger consideration consisting of 3,955,334 shares of Investar common stock and $7.2 million in cash for an aggregate transaction value of approximately $112.9 million. The closing price of Investar’s stock increased 32% between the date the transaction was entered into and the date of closing.

Additionally, two directors of Wichita Falls and First National Bank have been appointed to the Board of Directors of Investar and Investar Bank, N.A.

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)

The Peoples Bank Has Been Acquired by Hanscom FCU

Peoples Bancorp, Inc. (OTCPK: PEBC), the holding company for The Peoples Bank ("Peoples Bank"), and Hanscom Federal Credit Union ("Hanscom") have announced that Hanscom has acquired the majority of assets and assumed the majority of liabilities of Peoples Bank in an all-cash transaction.

Olsen Palmer LLC served as financial advisor to Peoples Bancorp, Inc.

The transaction marks Hanscom’s official entry into a new state. Peoples Bank now operates as Peoples Powered by Hanscom Federal Credit Union. On a pro forma basis, Hanscom has approximately $2.1 billion in total assets and operates branches across three states. Hanscom plans to retain all employees of Peoples 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)

Conway Bank Has Agreed to be Acquired by The First Security Bank

Norcon Financial Corp., the holding company of Conway Bank, announced the signing of a definitive agreement with Overbrook Bankshares, Inc., the holding company to First Security Bank, whereby Overbrook Bankshares, Inc. will acquire Norcon Financial Corp. through the merger of Norcon Financial Corp. with and into Overbrook Bankshares, Inc., with Overbrook Bankshares, Inc. continuing as the surviving entity. Immediately following the merger, Conway Bank will be merged with and into The First Security Bank, with The First Security Bank continuing as the surviving bank.

Olsen Palmer LLC served as financial advisor to Norcon Financial Corp. in connection with this transaction.

The transaction has been approved by the board of directors of each company and is expected to close in the first half of 2026, subject to customary closing conditions including shareholder and regulatory approvals.

Olsen Palmer is the #1 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)

The Potter State Bank Has Agreed to Merge with Platte Valley Bank

Enevoldsen Management Company and its banking subsidiary The Potter State Bank of Potter has entered into a definitive agreement to merge with Platte Valley Financial Services Companies, Inc., the holding company of Platte Valley Bank. Platte Valley Bank will assume all deposits and loans, as well as the full-service branch locations.

Olsen Palmer LLC served as financial advisor to Enevoldsen Management Company.

This partnership, unanimously approved by the Boards of Directors of Platte Valley Bank and Enevoldsen Management Company, remains subject to regulatory approval and customary closing conditions. The transaction is expected to close in Q1 2026.

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

Transaction Announcement (PDF)

The Tipton Latham Bank, N.A. Has Agreed to be Acquired by BTC Bank

Latham Bancshares, Inc., the holding company of The Tipton Latham Bank, N.A., and Bethany Bankshares, Inc., the holding company of BTC Bank, have jointly announced that they have entered into a definitive agreement pursuant to which Bethany Bankshares, Inc. will acquire Latham Bancshares, Inc. through a series of mergers, with Bethany Bankshares, Inc. continuing as the surviving corporation. Immediately after the acquisition of Latham Bancshares, Inc., The Tipton Latham Bank, N.A. will be merged with and into BTC Bank, with BTC Bank continuing as the surviving bank.

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

The transaction has been approved by the board of directors of each company and is expected to close in the second quarter of 2026, subject to customary closing conditions, including shareholder and regulatory approvals. Based on most recently reported financials, the combined institution is expected to have approximately $1.7 billion in assets across 26 banking offices.

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

Transaction Announcement (PDF)