Olsen Palmer Advises Citizens Bank & Trust in Its Acquisition by CB&S Bank

TAG Bancshares, Inc. (“TAG”), holding company for Citizens Bank & Trust, and CBS Banc-Corp. (“CBS”), holding company for CB&S Bank, completed a merger whereby TAG has merged with and into CBS. Shareholders of TAG received 100% cash consideration.

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to TAG Bancshares, Inc.

The completion of this merger between CBS and TAG creates a combined company with approximately $3.0 billion in assets. The combined company will operate under the CB&S Bank brand.

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)

Olsen Palmer Advises First Bank of Alabama in Its Acquisition of First Fidelity Bank

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.

Transaction Announcement (PDF)

Olsen Palmer Advises The Potter State Bank in Its Merger With Platte Valley Bank

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.

Transaction Announcement (PDF)

Olsen Palmer Advises Ark Valley Bankshares, Inc. in Its Sale to Pueblo Bancorporation

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.

Transaction Announcement (PDF)

Olsen Palmer Advises Peoples Independent Bank in Its Agreement to Be Acquired

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)