Oklahoma City, Oklahoma-based Spencer Bancshares, Inc., parent of Advantage Bank, has agreed to be acquired by Tuttle, Oklahoma-based Tuttle Bancshares, Inc., parent of Sooner State Bank. This is the 122nd publicly announced advisory transaction for the D.A. Davidson & Co. Financial Institutions Group since 2011.
D.A. Davidson acted as exclusive financial advisor to Spencer Bancshares, Inc. in this transaction.