Olsen Palmer Advises Heritage Community Bank in Its Agreement to Be Acquired by UBank

Heritage Community Bank and U Bancshares, Inc., the parent company of UBank, jointly announced the signing of a definitive merger agreement under which Heritage Community Bank and UBank will merge in a stock and cash transaction. The combined company will operate under the UBank name, with legacy Heritage Community Bank offices to operate indefinitely as “Heritage Community Bank, a division of UBank.”​

The definitive agreement has been approved by the respective Boards of Directors of the companies. The transaction, which is subject to customary closing conditions, including receipt of required regulatory and shareholder approvals, is expected to close in the first quarter of 2027.​

Olsen Palmer LLC served as financial advisor and issued a fairness opinion to Heritage Community Bank.​

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 over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Farmers State Bank in Its Merger With Hawthorn Bank

Hawthorn Bancshares, Inc. (“Hawthorn”) (NASDAQ: HWBK), the Missouri-based holding company of Hawthorn Bank, announced the completion of the merger of FSC Bancshares, Inc. (“FSC”) with and into Hawthorn, with Hawthorn continuing as the surviving corporation, and the merger of FSC’s wholly-owned banking subsidiary, Farmers State Bank, with and into Hawthorn Bank, with Hawthorn Bank continuing as the surviving bank.

Olsen Palmer LLC issued a fairness opinion to FSC Bancshares, Inc.​

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 over the last four quarters, according to S&P Global.

Olsen Palmer Advises Williamsville State Bank & Trust in Its Acquisition by Land of Lincoln Credit Union

Williamsville State Bank & Trust, a wholly-owned subsidiary of WSB Financial Ltd., has been acquired by Land of Lincoln Credit Union. Pursuant to the definitive agreement, Land of Lincoln Credit Union purchased substantially all of the assets and liabilities of Williamsville State Bank & Trust in an all-cash transaction.

Olsen Palmer LLC served as financial advisor to WSB Financial Ltd. and Williamsville State Bank & Trust.

With the transaction finalized, the combined institution has a footprint of 18 branches.

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 over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises First National Bank in Its Acquisition by Coastal Bend Bancshares

First National Bank in Port Lavaca has been acquired by Coastal Bend Bancshares, Inc., the bank holding company for First Community Bank. Following the acquisition, Coastal Bend Bancshares, Inc. is now a two-bank holding company with total assets over $1 billion.

Olsen Palmer LLC served as financial advisor to First National Bank in Port Lavaca.

First National Bank was established in Port Lavaca in 1957. The bank has four offices, serving customers in Port Lavaca, Seadrift, Port O’Connor, and Victoria and total assets of $373 million as of August 31, 2026.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and ranks among the top 3 overall (sell-side + buy-side) based on transaction count over the last four quarters, according to S&P Global.

Transaction Announcement (PDF)

Olsen Palmer Advises Bank of Pontiac in Its Agreement to Acquire OSB Community Bank for $45.5M

Pontiac Bancorp, Inc. (“Pontiac”), the parent company of Bank of Pontiac, and Ottawa Bancorp, Inc. (“OSB”), the parent company of OSB Community Bank, jointly announced the signing of a definitive agreement under which OSB will merge with and into Pontiac. In accordance with the terms of the merger agreement, shareholders are expected to receive cash consideration equal to $45.5 million.

Olsen Palmer LLC served as financial advisor to Pontiac Bancorp, Inc., parent of Bank of Pontiac.

Olsen Palmer is the #1 sell-side bank M&A advisor nationwide and ranks among the top 3 overall (sell-side + buy-side) based on transaction count over the last 12 months, according to S&P Global.

Transaction Announcement (PDF)