As of June 30, 2018, BankFirst Capitol (OTC: BFFS) became a $1 billion financial holding company headquartered in Columbus, Mississippi. BankFirst, the wholly-owned bank subsidiary, with total assets of $1 billion as of June 30, 2018, has sixteen banking centers serving Mississippi and one banking center in the Tuscaloosa metropolitan area.
Charles David Barge
Vice President Operations
Haley Reeves Fisackerly
President and CEO
William L. Freeman
President and CEO
Andrew Moak Griffin
President and CEO
BankFirst Financial Services
Joe D. Hollis
Hollis Roofing, Inc.
Edward Frank Hopper
Ellis Steel Company, Inc.
Edwin C. Mauck
Hopkins Insurance, LLC.
Phillip O. McGuire Sr.
Owner and President
McGuire's Jewelry, Inc.
Owner and Managing Partner
POM Properties, LLC.
Gregory C. Rader
Cheif Executive Officer
Columbus Recycling Corporation
James Robert (Bob) Shearer
Smith Shellnut Wilson
George D. Sherman
George Sherman Clothiers
Cornerstone Government Affairs
What is the current BFCC stock price?
The stock price will vary and be based on prices that buyers and sellers are willing to accept for their shares. You can view the current price for BFCC stock by visiting htts://otcmarkets.com/stock/BFCC
What is the process for selling my shares?
Please call Eric Lawless at the information below or your local Broker.
Eric B. Lawless
Email: [email protected]
What has changed about the way I can buy/sell BankFirst Capital Corporation (BFCC) Stock?
BFCC stock has previously only been available to trade through individually negotiated transactions between buyers and sellers and only through physical delivery of stock. FIG Partners will now serve as a "market maker" in our stock, which allows them to serve as both a buyer and seller in the stock, to help expedite the trading process. Additionally, BFCC stock will be able to be held in book entry format to facilitate elactronic settlements which will eliminate the nedd for physical delivery of shares that have been converted to book entry.
What does "physical delivery" mean?
Physical delivery refers to the process whereby publicly-traded shares of a bank stock are delivered to the buyer/seller for settlement. Physical delivery means actul certified shares have to be mailed in a process that can take 2-4 weeks to settle a trade.
What does "book entry" mean?
Book entry is the term commonly used to describe bank stocks that are not issued in a certificate form, but are held in electronic form at a Broker. Book entry holders recieve a statement from the Broker showing ownership details. Book entry registered bank stocks help support a much faster process when buying or selling shares compared to physical delivery.
What is the commision cost?
FIG charges a commision of 1% of the stock price. Should you use a different broker, please ask for a list of potential fees that may be charged.
Can I use my existing broker relationship to sell the stock?
You may or may not be able to use your existing broker to sell BFCC stock, depending largely on your broker and what firm they are associated with.
What if I have lost my shares, or if I need to update ownership information?
Lost shares must be replaced first before any transaction can go forward. Similarly, ownership must be accurate prior to completing a transaction. Replacment certificates may be requested by contacting IssuerDirect (the Bank's transfer Agent)
IssuerDirect can be contacted by phone at (919) 744-2722
What is a "Transfer Agent"?
The transfer agent is the company contract by the Company to provide record keeping of all shareholders holdings and transactions. IssuerDirect serves as the TRansfer Agent for BankFirst Captial Corporation.
BankFirst Capital Corporation Completes Acquisition of FNB Bancshares of Central Alabama, Inc.
Columbus, Mississippi, April 1, 2019 – BankFirst Capital Corporation (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), today announced the completion of its acquisition of FNB Bancshares of Central Alabama, Inc. (“FNB Bancshares”), parent of FNB of Central Alabama (“FNB”). The acquisition will result in BankFirst having 22 offices serving Mississippi and Alabama, with total assets of approximately $1.3 billion, gross loans of approximately $937 million and total deposits of approximately $1.2 billion.
BankFirst’s President and Chief Executive Officer, Moak Griffin, reiterated, “Being a strong, local community bank for the communities we serve is extremely important to both BankFirst and FNB of Central Alabama. By combining our 183 years of banking experience in Mississippi and Alabama, this merger will allow us to build upon and further strengthen our shared beliefs, community focus and commitment to service excellence. In addition, this merger supports our strategic intention of partnering with organizations that have strong core deposit funding, solid commercial banking and credit practices, and a long tradition of superior community and customer service.”
R. Heyward Gould, Jr., FNB’s President and Chief Executive Officer, has joined the Bank as Alabama Regional President, Virginia Lee, FNB’s Chief Financial Officer, has joined the Bank as Corporate Accountant, and Jennifer James, FNB’s Senior Credit Officer, has joined the Bank as Vice President, Credit Administration.
Hunton Andrews Kurth LLP acted as legal counsel for BankFirst. Jones Walker LLP acted as legal counsel for FNB Bancshares.
About BankFirst Financial Services
BankFirst Financial Services, the subsidiary bank of BankFirst Capital Corporation, is a $1.3 billion financial institution that is locally owned, controlled, and operated. The Bank’s headquarters is in Columbus, Mississippi, with additional offices in Flowood, Hickory, Lake, Louin, Macon, Madison, Newton, Jackson, Starkville and West Point, Mississippi and Tuscaloosa, Alabama. The Bank also operates one mortgage production office in Oxford, Mississippi. BankFirst Financial Services offers a wide variety of services for businesses and consumers, including internet banking, no-fee ATM access, checking, CD, and money market accounts, mortgage loans, remote deposit capture, and more. For more information, visit www.bankfirstfs.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, (i) statements regarding certain of the Company's goals and expectations with respect to the private placement, and (ii) statements preceded by, followed by, or that include the words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “projects,” “outlook” or similar expressions. These statements are based upon the current belief and expectations of the Company’s management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company's control). Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that the future events, plans, or BankFirst Capital Corporation Completes Acquisition of FNB Bancshares of Central Alabama, Inc. P. 2
expectations contemplated by the Company will be achieved. All subsequent written and oral forward-looking statements attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.
BankFirst Capital Corporation to Acquire FNB Bancshares of Central Alabama
Columbus, Mississippi, November 15, 2018 – BankFirst Capital Corporation (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), today announced the signing of a definitive merger agreement with FNB Bancshares of Central Alabama, Inc., (“FNB Bancshares”), parent of FNB of Central Alabama, under which BankFirst will acquire FNB Bancshares. The transaction has been unanimously approved by the board of directors of each company, is expected to close in the first quarter of 2019, and is subject to customary closing conditions, including approval from the shareholders of FNB Bancshares and bank regulatory authorities.
In making the announcement, BankFirst’s President and Chief Executive Officer, Moak Griffin said, “Being a strong, local community bank for the communities we serve is extremely important to both BankFirst and FNB of Central Alabama. By combining our 183 years of banking experience in Mississippi and Alabama, this merger will allow us to build upon and further strengthen our shared beliefs, community focus and commitment to service excellence. In addition, this merger supports our strategic intention of partnering with organizations that have strong core deposit funding, solid commercial banking and credit practices, and a long tradition of superior community and customer service.”
After the merger is completed, the combined company will operate under the BankFirst brand, have 22 offices serving Mississippi and Alabama, and have assets in excess of $1.2 billion.
R. Heyward Gould, Jr., President and Chief Executive Officer of FNB of Central Alabama, commented, “Our customers will benefit from this merger through an increased legal lending limit, more diversified product offerings, and a continued focus on technology solutions in banking. The close proximity of the corporate headquarters will enable us to continue to offer local decision making. Best of all, the customers’ relationships with the bankers they’ve worked with in the past will continue unchanged as we become part of the BankFirst team.”
BankFirst was advised by FIG Partners as financial advisor and Hunton Andrews Kurth LLP is serving as legal counsel. FNB Bancshares was advised by Porter White Capital, LLC as financial advisor and Jones Walker LLP is serving as legal counsel.
About BankFirst Financial Services
BankFirst Financial Services, the subsidiary bank of BankFirst Capital Corporation, was founded in 1888 and is a $974.1 million financial institution that is locally owned, controlled, and operated. The Bank’s headquarters is in Columbus, Mississippi, with additional offices in Flowood, Hickory, Jackson, Lake, Louin, Macon, Madison, Newton, Starkville and West Point, and Tuscaloosa, Alabama. 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.
About FNB of Central Alabama
FNB of Central Alabama, the subsidiary bank of FNB Bancshares of Central Alabama, Inc., was founded in 1965 to meet the needs of business and consumers in central Alabama. A $273.2 million financial institution, FNB of Central Alabama is headquartered in Tuscaloosa, Alabama, with additional offices in Aliceville, Carrollton, Gordo and Northport, Alabama. FNB of Central Alabama offers a wide variety of consumer and business products including banking technology. For more information, visit www.fnbca.com.
Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements in this press release, such as statements relating to future plans and expectations, are subject to risks, uncertainties, and other important factors, such as continued economic difficulties at local, national, or global levels, greater than expected noninterest expenses, regulatory changes, unpredictable natural or other disasters, or a deterioration in credit quality, which could cause actual results to differ materially from our expectations of future results, performance or achievements, or industry results, expressed or implied by such forward-looking statements. These statements are “forward looking statements” for purposes of applicable securities laws, and are based on current information and/or management's good faith belief as to future events. The words “believe,” “expect,” “anticipate,” “project,” “should,” and similar expressions signify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance.
BankFirst Capital Corporation and FNB Bancshares of Central Alabama, Inc. undertake no obligation to revise or update publicly any forward-looking statements for any reason.