Bankfirst Capital Corporation Completes Acquisition Of Mechanics Banc Holding Company And Mechanics Bank
Bankfirst Capital Corporation Completes Acquisition Of Mechanics Banc Holding Company And Mechanics Bank
01/03/23, 12:15 PM
BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the completion of its previously-announced acquisition of Mechanics Banc Holding Company, a Mississippi corporation ("Mechanics"), and its wholly-owned banking subsidiary, Mechanics Bank, Water Valley, Mississippi ("Mechanics Bank"). The acquisition was effective on January 1, 2023 and results in BankFirst having 47 offices serving Mississippi and Alabama, with total assets of approximately $2.7 billion, gross loans of approximately $1.7 billion, and total deposits of approximately $2.4 billion.
Company Info
Company info
BankFirst Financial Services, the wholly-owned banking subsidiary of BankFirst Capital Corporation, was founded in 1888 and, as of September 30, 2021, is a $1.8 billion financial institution that is locally owned, controlled, and operated. The Bank is headquartered in Columbus, Mississippi, with additional branch offices in Flowood, Hattiesburg, Jackson, Louin, Macon, Madison, Newton, Starkville, and West Point, Mississippi and Addison, Aliceville, Arley, Bear Creek, Carrollton, Curry, Double Springs, Fayette, Gordo, Haleyville, Lynn, Northport, and Tuscaloosa, Alabama. The Bank also operates three loan production offices in Biloxi, Brookhaven and Oxford, Mississippi. BankFirst offers a wide variety of services for businesses and consumers. The Bank also offers internet banking, no-fee ATM access, checking, CD, and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. For more information, visit www.bankfirstfs.com.
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SOURCE BankFirst Capital Corporation