Parchment, Michigan

has agreed to acquire

Woodstock, Illinois

Mercer Capital served as financial advisor to Advia Credit Union

November 2018

BPC Corporation

Cookeville, Tennessee

has agreed to acquire

CFB Bancshares, Inc.

Wartburg, Tennessee

Mercer Capital served as a financial advisor & rendered a fairness opinion on behalf of CFB Bancshares, Inc.

October 2018

Richwood Bancshares, Inc.

Richwood, Ohio

acquired

Home City Financial Corporation

Springfield, Ohio

Mercer Capital served as financial advisor on behalf of Richwood Bancshares, Inc.

July 2018

Gaylon Lawrence, Jr.

Memphis, Tennessee

acquired

Volunteer State Bancshares, Inc.

Portland, Tennessee

Mercer Capital served as a financial advisor & rendered a fairness opinion on behalf of Volunteer State

April 2018

Parchment, Michigan

acquired

Elkhorn, Wisconsin

Mercer Capital served as financial advisor to Advia Credit Union

September 2017

Camp Hill, Pennsylvania

acquired

Glastonbury, Connecticut

Mercer Capital provided valuation services to both entities in connection with the transaction

July 2017

Florence, Alabama

acquired

First Southern Bancshares, Inc.

Florence, Alabama

Served as financial advisor & rendered a fairness opinion on behalf of First Southern Bancshares, Inc.

June 2017

Pine Bluff, Arkansas

acquired

First Texas BHC, Inc.

Fort Worth, Texas

Mercer Capital served as financial advisor & rendered a fairness opinion on behalf of Simmons First National Corp.

January 2017

Pine Bluff, Arkansas

acquired

Stillwater, Oklahoma

Mercer Capital rendered a fairness opinion on behalf of Simmons First National Corp.

December 2016

Pine Bluff, Arkansas

acquired

Hardeman County Investment Co., Inc.

Jackson, Tennessee

Mercer Capital served as a financial advisor & rendered a fairness opinion on behalf of Simmons First National Corp.

November 2016

Batesville, Arkansas

acquired

Little River Bancshares, Inc.

Lepanto, Arkansas

Mercer Capital served as financial advisor on behalf of Little River Bancshares, Inc.

October 2016

Pine Bluff, Arkansas

acquired

Athens, Tennessee

Mercer Capital served as a financial advisor & rendered a fairness opinion on behalf of Citizens National Bancorp, Inc.

May 2016

Bloomington, Minnesota

acquired

Bankers Bancshares, Inc.

Gahanna, Ohio

Mercer Capital rendered a fairness opinion on behalf of United Bankers’ Bank Inc.

February 2016

Parchment, Michigan

acquired

Janesville, Wisconsin

Mercer Capital served as financial advisor to Advia Credit Union

February 2016

Tulsa, Oklahoma

Mercer Capital rendered a fairness opinion on behalf of the shareholders of Spirit BankCorp, Inc. regarding a common stock offering and recapitalization of the company

April 2015

Dallas, Texas

acquired from the FDIC certain assets and liabilities of

Chicago, Illinois

Mercer Capital provided financial advisory & loan portfolio valuation services to State Bank of Texas

October 2014

Ottawa, Illinois

Mercer Capital rendered a fairness opinion on behalf of the shareholders of Centrue Financial Corporation regarding a recapitalization of the company

August 2014

Oak Ridge Financial Services, Inc.

and

Oak Ridge, North Carolina

Mercer Capital rendered a fairness opinion on behalf of the Company’s ESOP regarding a purchase of newly issued common stock by the ESOP

June 2014

Houston, Texas

acquired

Plano, Texas

Mercer Capital issued a fairness opinion on behalf of SP Bancorp, Inc., the parent holding company of SharePlus Bank

May 2014

Davenport, Florida

aquired

Boca Raton, Florida

Mercer Capital issued a fairness opinion on behalf of First Southern Bancorp

January 2014

Lafayette, Louisiana

acquired

Natchez, Mississippi

Mercer Capital issued a fairness opinion on behalf of Britton & Koontz Capital Corp.

November 2013

Tupelo, Mississippi

aquired

Kosciusko, Mississippi

Mercer Capital acted as advisor to the special committee of the First M&F Corporation board of directors

February 2013

Newbergh, New York

acquired

Goshen, New York

Mercer Capital advised Orange County regarding pricing & terms in the acquisition of Hudson Valley Investment Advisors

November 2012