Olsen Palmer Advises Merchants & Farmers Bank in Its Agreement to Sell One Branch

Merchants & Farmers Bank of Greene County (“Merchants & Farmers”) and First Community Bank of Central Alabama (“FCB”) have entered into an agreement whereby FCB will acquire the Prattville, AL, branch of Merchants & Farmers.

Olsen Palmer LLC served as financial advisor to Merchants & Farmers Bancshares, Inc.

Under the terms of the agreement, FCB will acquire the physical location and the deposit and loan accounts associated with the branch.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide based on transaction count since 2025, according to S&P Global.

Transaction Announcement (PDF)

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 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)

Olsen Palmer Advises High Plains Bank in Its Merger with First National Bank of Hugo

High Plains Banking Group, Inc., parent of High Plains Bank, has completed its merger with The First National Bank of Hugo. The institutions will now operate as one bank under the High Plains Bank name.

Olsen Palmer LLC served as financial advisor to High Plains Banking Group, Inc.

First National Bank of Hugo’s CEO plans to retire shortly after the merger and will serve on the High Plains Bank board of directors.

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)