UCSB Financial Corporation, parent company of Uinta Bank, has been acquired by Integra BG LLC. The new entity has been renamed Tanager Bank.
Olsen Palmer LLC was engaged by UCSB Financial Corporation in conjunction with this transaction.
Olsen Palmer remains a top 3 overall bank M&A advisor nationwide based on the number of transactions advised upon since 2020, according to S&P Global.
FirstBanc of Alabama, Inc. (“FBAI”), parent company of First Bank of Alabama, completed its acquisition of FBDC Financial Corp. (“FBDC”), parent company of First Fidelity Bank. FBAI paid $20.5 million in the aggregate, with 60% of the purchase price paid in FBAI stock and 40% paid in cash. Legacy FBAI holders now own approximately 90% of the combined institution and legacy FBDC shareholders now own roughly 10%. Following the completion of the transaction, FBDC’s CEO Steve Eberhart has joined the boards of FBAI and First Bank of Alabama.
Olsen Palmer LLC served as financial advisor and issued a fairness opinion to FirstBanc of Alabama, Inc.
After adding First Fidelity’s 3 locations, First Bank of Alabama now has total assets of approximately $1.3 billion and operates 18 full-service locations.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on 2025 transaction count, according to S&P Global.
Enevoldsen Management Company and its banking subsidiary The Potter State Bank of Potter completed its merger with Platte Valley Financial Services Companies, Inc., the holding company of Platte Valley Bank.
Olsen Palmer LLC served as financial advisor to Enevoldsen Management Company.
With the merger complete, Platte Valley Bank has assumed all deposits, loans, and branch operations. The Potter State Bank locations will change their name to Platte Valley Bank in the summer 2026.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on 2025 transaction count, according to S&P Global.
Ark Valley Bankshares, Inc., the holding company of The State Bank, has been acquired by Pueblo Bancorporation, the holding company of PB&T Bank.
Olsen Palmer LLC served as financial advisor to Ark Valley Bankshares, Inc.
With completion of this transaction, the combined institution will have 15 banking offices across Colorado and $808 million in total assets based on data as of December 31, 2025.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on transaction count since 2025, according to S&P Global.
Peoples Independent Bancshares, Inc., the holding company for Peoples Independent Bank, has signed a purchase & assumption agreement whereby Alabama ONE Credit Union (“Alabama ONE”) will purchase substantially all of the assets and assume substantially all of the liabilities of Peoples Independent Bank.
Olsen Palmer LLC served as financial advisor to Peoples Independent Bancshares, Inc.
The combination of Alabama ONE and Peoples Independent Bank will create a combined credit union with approximately $1.9 billion in assets. The transaction is expected to close in the second half of 2026.
Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and one of the top 3 overall (sell-side + buy-side) based on 2025 transaction count, according to S&P Global.
Transaction Announcement (PDF)
