Olsen Palmer October 13, 2021 Tri-State Bank (“Tri-State”) and Liberty Bank and Trust Company and its parent holding company, Liberty Financial Services, Inc. (collectively, “Liberty”), completed their agreement whereby Tri-State has been acquired by Liberty in an all-cash transaction. Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to the Board of Directors of Tri-State Bank in connection with this transaction. Both Liberty and Tri-State are Minority Depository Institutions as defined by the Federal Deposit Insurance Corporation. With the transaction, Liberty has approximately $1 billion in proforma assets and offices in 12 cities based on information as of June 30 ,2021. Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide while Managing Partner Christopher Olsen remains the #1 individual advisor across the U.S. according to S&P Global , as ranked by the total number of whole-bank M&A transactions advised upon since 2019. TRANSACTION ANNOUNCEMENT (PDF) Share Newer Post OLSEN PALMER ADVISES BANKFIRST CAPITAL CORPORATION IN ITS AGREEMENT TO ACQUIRE THE CITIZENS BANK OF FAYETTE Older Post OLSEN PALMER ADVISES LANDMARK COMMUNITY BANK IN ITS SALE TO SIMMONS FIRST NATIONAL CORPORATION OLSEN PALMER, 1501 M STREET NORTHWEST, SUITE 250, WASHINGTON, DC, 20005, UNITED STATES2028083306INFOR@OLSENPALMER.COM © OLSEN PALMER LLC. ALL RIGHTS RESERVED. BUSINESS CONTINUITY PLAN PRIVACY TERMS