On November 3, 2018, it was announced that Bassett, NE-based Sandhills State Bank signed an Agreement to acquire the Wauneta, Grant, and Ogallala branch locations from Laramie, WY-based Western States Bank. As of June 30, 2018, the three branch locations had a total of $65 million in deposits. Financial terms of the transaction have not been disclosed.
GLC Advisors & Co., LLC acted as the exclusive financial advisor to Western States Bancorporation and Western States Bank in connection with the transaction.
Western States Bank was established in 2006 and currently operates 13 branches across Colorado, Nebraska, and Wyoming by providing a full range of deposit and loan services to its personal and business customers. As of September 30, 2018, Western States had $519 million in assets, $388 million in loans, and $463 million in deposits.
Sandhills State Bank, a $235 million asset banking institution, operates nine locations in the North Platte and
Scottsbluff, NE MSAs (MSA defined as Metropolitan Statistical Area).
GLC Advisors & Co. - Financial Services Group
GLC’s Denver-based Financial Services Group has 35+ years of collective M&A experience in the Financial Services Industry while completing 80+ successful transactions and financing engagements and 90+ valuations and strategic advisory assignments. The team has been consistently ranked as one of the most active M&A groups in the nation by SNL Financial LC and frequently speaks at industry conferences and conventions, including state banking associations.
GLC ADVISORS & CO.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: M&A, financing/debt advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver.
GLC Advisors is affiliated with GLC Investment Advisors, an investment firm that provides debt and equity capital for leveraged buyouts, strategic acquisitions, recapitalizations and growth financings for middle market companie
FINANCIAL SERVICES GROUP
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