Olsen Palmer Advises Latham Bancshares in Its Acquisition by Bethany Bankshares

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 Bethany Bankshares, Inc. has acquired Latham Bancshares, Inc. through a series of mergers. Bethany Bankshares, Inc. will continue on as the surviving corporation. Immediately after the acquisition of Latham Bancshares, Inc., The Tipton Latham Bank, N.A. merged with and into BTC Bank, with BTC Bank continuing as the surviving bank

Olsen Palmer LLC served as financial advisor to Latham Banchares, Inc.

Based on the most recently reported financials, the combined institution holds approximately $1.7 billion in assets across 26 banking offices.

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 BancStar, Inc. in Its Acquisition by Rhineland Bancshares, Inc.

BancStar, Inc., the holding company of Bank Star, has been acquired by Rhineland Bancshares, Inc., the holding company of Peoples Savings Bank. With the closing of this transaction, BancStar, Inc. has merged with and into Rhineland Bancshares, Inc. with Rhineland Bancshares, Inc. continuing as the surviving entity. The merger of Bank Star and Peoples Savings Bank is expected to take place early in the third quarter.

Olsen Palmer LLC served as financial advisor to BancStar, Inc.

The transaction was approved by the board of directors of each company and was subject to customary closing conditions including shareholder and regulatory approvals. The combined institution has 18 banking offices.

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 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)