Olsen Palmer Advises Foundation One Bank in Its Agreement to Be Acquired

Foundation First Corporation, the holding company of Foundation One Bank, has agreed to be acquired by First Gothenburg Bancshares Inc., the parent company of Dayspring Bank. 

Olsen Palmer LLC served as financial advisor to Foundation First Corporation.

The transaction is expected to close in 2026 and is subject to regulatory and shareholder approval.

The deal expands Dayspring's services throughout the Omaha, Nebraska, metro market.

Olsen Palmer is the #2 sell-side bank M&A advisor nationwide based on transaction count since 2025, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Bank of Rantoul in Its Agreement to Be Acquired

Bancorp of Rantoul, Inc. (“Rantoul”), the parent company of Bank of Rantoul, and Peoples Bancorp, Inc. (“Peoples”), the parent company of The Peoples State Bank of Newton, Illinois, jointly announced the signing of a definitive agreement under which Rantoul will merge with and into Peoples in a cash transaction.

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

With an expected closing date in the fourth quarter of 2026, the pro forma institution is estimated to have approximately $950 million of assets, $800 million of deposits, and total loans of $630 million.

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 Anna State Bank in Its Agreement to Be Acquired by Alliance Bank

ASB Management Corp., the bank holding company for Anna State Bank, has entered into a definitive agreement with Alliance Bancshares, Inc., the bank holding company for Alliance Bank, under which ASB Management Corp. has agreed to be acquired by Alliance Bancshares, Inc.

Olsen Palmer LLC served as financial advisor to ASB Management Corp.

The transaction is expected to close in the fourth quarter of 2026, subject to certain closing conditions, including receipt of regulatory approvals and ASB Management Corp. shareholder approval.

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 NSTS Bancorp, Inc. in Its Agreement to Be Acquired for $73.7 Million

NSTS Bancorp, Inc. (NASDAQ: NSTS), the holding company for North Shore Trust and Savings (“North Shore”), and Brookfield Bancshares Inc. (“Brookfield”), the holding company for First National Bank of Brookfield, today jointly announced the signing of a definitive merger agreement in which Brookfield will acquire NSTS and North Shore in an all-cash transaction valued at approximately $73.7 million. North Shore will continue to operate under its existing name and federal savings association charter as a subsidiary of Brookfield.

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to NSTS Bancorp, Inc.​

The transaction is anticipated to close in the fourth quarter of 2026, subject to certain closing conditions.

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 Conway Bank in Its Merger with The First Security Bank

Norcon Financial Corp., the holding company of Conway Bank, announced the completion of its merger with Overbrook Bankshares, Inc., the holding company of The First Security Bank. Pursuant to the transaction, Overbrook Bankshares, Inc. acquired 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 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.

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)