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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.

 Conversion Guides

 

 

The following information and guides are ONLY FOR

QuickBooks, Quicken, and Mint Users:

  • 1st Action Date: Friday, November 14, 2025

Please complete your final transaction download before this date, as transaction history may not be available after the upgrade.

  • 2nd Action Date: Monday, November 17, 2025

This is the action date for the remaining conversion steps, which include deactivating and reactivating your online banking connection for your QuickBooks or Quicken accounts.

QuickBooks, Quicken, and Mint Conversion Instructions:

Please note: Intuit aggregation services may be interrupted for up to 3–5 business days. The following services may be affected during this period: Quicken Win/Mac Express Web Connect, QuickBooks Online Express Web Connect, and Mint.

During this period, you can manually download/export your transactions and upload/import them into your Intuit products.

After completing the conversion instructions, carefully review your downloaded transactions to ensure no transactions were duplicated or missed.

 If you have any questions, please contact us at 877-441-2784.

 

 
 

 


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 begin receiving Conversion Guides by mail.

NOVEMBER 7, 2025

Download/print list of Bill Pay payees/payments before 7:00 a.m. CT on November 7, 2025.

NOVEMBER 13, 2025

Customers should update their personal information at Magnolia State Bank before November 13, 2025.

NOVEMBER 14, 2025

Download/print any past statements before November 14, 2025.
NO ACCESS to Magnolia State Bank Online and Mobile Banking beginning November 14, 2025.
 
Quicken, QuickBooks, and Mint Users: Download data file backup and a final transactions before November 14, 2025.

November 14–17, 2025

Conversion Weekend



NOVEMBER 17, 2025

Begin banking as BankFirst.
Activate and begin using your new BankFirst Debit Card.
Begin logging in to BankFirst Online Banking, including Bill Pay.
Download and begin using the BankFirst Mobile App.
Begin using BankFirst Telephone Banking using 866-726-2006.
Activity from this point forward will be on your BankFirst Statements.
 
Notes:
Customers who want E-Statements must ENROLL through BankFirst Online Banking, as all converted MSB accounts are set to Paper Statements by default.
 
Quicken, QuickBooks, and Mint Users: Complete the deactivate/reactivate steps of your online banking connection to ensure that you get your previous Quicken or QuickBooks accounts set up with the new connection at BankFirst Online Banking.
 
Conversion Completion — Magnolia State Bank Customers become BankFirst Customers.

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.