October 2015

Town and Country Financial Corporation (“TCFC”) (OTC Pink:TWCF), the holding company for Town and Country Bank, has announced the acquisition of West Plains Investors, Inc., the holding company for Premier Bank of Jacksonville (“Premier”). The transaction has been unanimously approved by both companies’ boards of directors, and completion is subject to customary closing conditions, regulatory approval, and approval by WPI shareholders. Under the terms of the agreement, the $515 million-asset TCFC will pay all cash for the acquisition. Other terms were not disclosed. The transaction is expected to close in the first quarter of 2016. Colonnade Securities acted as financial advisor to Town and Country Financial Corporation.

Premier is headquartered in Jacksonville, Illinois, approximately 30 miles west of Springfield, Illinois, with total assets of approximately $196 million as of June 30, 2015. Premier operates four full-service branches in Jacksonville, Waverly, White Hall, and The EDGEBANK (a branch of Premier) in Edwardsville, Illinois. With projected combined assets exceeding $700 million, Town and Country Bank will rank among the top locally-owned banks serving downstate Illinois.

Micah R. Bartlett, President & CEO of TCFC commented, “We are delighted to join these two sound organizations and their customers together. At Town and Country Bank, we believe we are only successful when our clients are successful. We embrace innovation and look forward to offering greater lending capacity, enhanced products, services, and technology, and additional locations, all with a unique and community-focused team of bankers who work for the good of their customers. The merger will allow us to further expand in central Illinois and into the metro-east market of St. Louis. We welcome our new clients and the communities represented by Premier and The EDGEBANK to the Town and Country family.”

David E. Kirschner, Executive Chairman of TCFC stated, “TCFC is a growing company. This is a significant expansion for us and represents the sixth acquisition in our 54-year history. The combination will benefit our combined customers, employees, and communities for years to come. The transaction will also enhance the value to our shareholders, as the acquisition is expected to be immediately accretive to earnings per share.”

Colonnade Securities LLC

Colonnade provides expert, objective advice on M&A for privately-held businesses, publicly-traded companies and financial sponsors. Colonnade focuses on financial services and business services with expertise in the community banking, vehicle service contract, warranty, premium finance, equipment finance, specialty lending, fintech, asset management, healthcare finance, insurance agency and auto finance industries.

This transaction was led by Willard Bunn III for Colonnade.  Prior to joining Colonnade as a Managing Director, Willard has served as the chairman, chief executive, or director of several commercial banks including Banc One Illinois Corporation, Baytree Bank and CIB Marine Bancshares.  Stan Calderon also focuses on community banking at Colonnade.  Prior to joining Colonnade as a Managing Director, Stan served as the chairman, chief executive, and director of several commercial banks including Chairman and CEO of Bank One-Chicago and CEO of CIB Marine Bancshares.