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Magnolia State Bank

has merged with BankFirst!

While the two banks have officially merged as of July 1, 2025, Magnolia State Bank and its branches will continue to operate independently, as usual, while both banks work toward integrating systems and operations into BankFirst through the conversion scheduled for November 14–17, 2025. Outside of the change in ownership, both banks will continue with business as usual, and your Magnolia State Bank team of local bankers will continue to be here to serve you during and after the transition.

Letter  |  Press Release  |  FAQs  |  Timeline


Below are some helpful resources to keep you informed throughout the merger process. We will update this page over the next several months as information becomes available.

 

Conversion Guides

 


7/1/2025

Customer
Letter

Read the closing letter to all Magnolia State Bank customers.

7/1/2025

Press
Release

Read the official closing press release.
 












3/20/2025

Customer
Letter

Read the announcement letter to all Magnolia State Bank customers.

3/21/2025

Press
Release

Read the press release with details about both banks.
 





Projected Timeline

MARCH 20, 2025

Merger Agreement Announcement


JULY 1, 2025

Official Closing


October 10, 2025

Customers Will Begin Receiving Conversion Guides by Mail


November 14–17, 2025

Conversion Weekend

November 17, 2025

Conversion Completion

FAQs

Frequently Asked Questions

BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company headquartered in Columbus, Mississippi, with approximately $2.9 billion in total assets as of March 31, 2025. BankFirst Financial Services, the Company’s wholly owned banking subsidiary, was founded in 1888 and is locally owned, controlled, and operated. The Bank is headquartered in Macon, Mississippi, and operates branch offices across communities throughout Mississippi and Alabama. In addition, the Bank maintains loan production offices in Biloxi and Brookhaven, Mississippi, as well as in Birmingham and Huntsville, Alabama. BankFirst offers a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, and treasury management services.

We chose BankFirst because, like us, they are committed to serving local communities with exceptional products and services. Our Magnolia State Bank team of local professionals will continue to be here for you before, during, and after the transition. We will keep you informed with important updates as we move toward completing the conversion on Monday, November 17, 2025.
No. There is nothing you need to do today. Your accounts and services will continue to function as usual. Please continue accessing your accounts as you normally would and contact your local Magnolia State Bank branch with any banking questions or needs.
All deposits, loans, and other products and services will transition to BankFirst during the conversion weekend beginning Friday, November 14, 2025. Starting Monday, November 17, 2025, your accounts will be fully transitioned to BankFirst.
Yes. Your Magnolia State Bank Visa® Debit Card will continue to work as usual until Monday, November 17, 2025. Your new BankFirst Mastercard® Debit Card will be mailed the week of Monday, October 27, 2025, to replace it. Please do not destroy your Magnolia State Bank card until after Monday, November 17, 2025.
Yes. You may continue using your Magnolia State Bank checks. Check orders placed through Friday, November 14, 2025, will still be issued with the Magnolia State Bank name and routing number. Beginning with your next order after that date, your checks will be updated to reflect BankFirst’s name, routing number, and your updated account information.
Your online and mobile banking services will remain the same until conversion. You will continue to access Magnolia State Bank online banking at www.bankmagnolia.com. More information regarding logging into BankFirst Online and Mobile Banking will be provided in the Conversion Guide, which will be delivered to you by mail beginning on Friday, October 10, 2025.
Continue to send your loan payments to Magnolia State Bank as you have always.