BankFirst Capital Corporation Completes Acquisition of The Magnolia State Corporation and Magnolia State Bank
BankFirst Capital Corporation (OTCQX:BFCC) has completed its acquisition of The Magnolia State Corporation and its subsidiary, Magnolia State Bank, effective July 1, 2025. The strategic merger significantly expands BankFirst's presence, resulting in 52 offices serving Mississippi and Alabama.
Following the acquisition, BankFirst now holds total assets of approximately $3.2 billion, gross loans of approximately $2.2 billion, and total deposits of approximately $2.8 billion. Several key executives from Magnolia Bank have joined BankFirst in leadership positions, including Kristofer T. Mangum as South Mississippi Regional President.
The transaction was supported by Southard Financial, LLC as fairness opinion provider and Hunton Andrews Kurth LLP as legal counsel for BankFirst, while Magnolia was advised by Olsen Palmer LLC and Jones Walker LLP.
BankFirst Capital Corporation (OTCQX:BFCC) ha completato l'acquisizione di The Magnolia State Corporation e della sua controllata, Magnolia State Bank, con effetto dal 1° luglio 2025. Questa fusione strategica amplia significativamente la presenza di BankFirst, portando a 52 filiali che servono gli stati del Mississippi e dell'Alabama.
Dopo l'acquisizione, BankFirst detiene ora attività totali per circa 3,2 miliardi di dollari, crediti lordi per circa 2,2 miliardi di dollari e depositi totali per circa 2,8 miliardi di dollari. Diversi dirigenti chiave di Magnolia Bank si sono uniti a BankFirst in ruoli di leadership, tra cui Kristofer T. Mangum come Presidente Regionale per il Sud del Mississippi.
L'operazione è stata supportata da Southard Financial, LLC come fornitore dell'opinione di equità e Hunton Andrews Kurth LLP come consulente legale di BankFirst, mentre Magnolia è stata assistita da Olsen Palmer LLC e Jones Walker LLP.
BankFirst Capital Corporation (OTCQX:BFCC) ha completado la adquisición de The Magnolia State Corporation y su subsidiaria, Magnolia State Bank, con efecto a partir del 1 de julio de 2025. Esta fusión estratégica amplía significativamente la presencia de BankFirst, resultando en 52 sucursales que atienden a Mississippi y Alabama.
Tras la adquisición, BankFirst ahora posee activos totales por aproximadamente 3.2 mil millones de dólares, préstamos brutos por aproximadamente 2.2 mil millones de dólares y depósitos totales por aproximadamente 2.8 mil millones de dólares. Varios ejecutivos clave de Magnolia Bank se han unido a BankFirst en puestos de liderazgo, incluyendo a Kristofer T. Mangum como Presidente Regional del Sur de Mississippi.
La transacción contó con el apoyo de Southard Financial, LLC como proveedor de opinión de equidad y Hunton Andrews Kurth LLP como asesor legal de BankFirst, mientras que Magnolia fue asesorada por Olsen Palmer LLC y Jones Walker LLP.
BankFirst Capital Corporation (OTCQX:BFCC)는 2025년 7월 1일부로 The Magnolia State Corporation과 그 자회사인 Magnolia State Bank의 인수를 완료했습니다. 이번 전략적 합병으로 BankFirst의 영향력이 크게 확대되어 미시시피와 앨라배마에 52개의 지점을 운영하게 되었습니다.
인수 후 BankFirst는 총 자산 약 32억 달러, 총 대출 약 22억 달러, 총 예금 약 28억 달러를 보유하게 되었습니다. Magnolia Bank의 주요 임원 여러 명이 BankFirst의 리더십 직책에 합류했으며, 그 중 Kristofer T. Mangum이 남부 미시시피 지역 대표로 임명되었습니다.
이번 거래는 Southard Financial, LLC가 공정성 의견 제공자로 지원했으며, Hunton Andrews Kurth LLP가 BankFirst의 법률 자문을 맡았습니다. Magnolia 측은 Olsen Palmer LLC와 Jones Walker LLP의 자문을 받았습니다.
BankFirst Capital Corporation (OTCQX:BFCC) a finalisé l'acquisition de The Magnolia State Corporation et de sa filiale, Magnolia State Bank, effective au 1er juillet 2025. Cette fusion stratégique étend considérablement la présence de BankFirst, avec désormais 52 agences desservant le Mississippi et l'Alabama.
Suite à l'acquisition, BankFirst détient désormais un total d'actifs d'environ 3,2 milliards de dollars, des prêts bruts d'environ 2,2 milliards de dollars et des dépôts totaux d'environ 2,8 milliards de dollars. Plusieurs cadres clés de Magnolia Bank ont rejoint BankFirst à des postes de direction, notamment Kristofer T. Mangum en tant que président régional du sud du Mississippi.
La transaction a été soutenue par Southard Financial, LLC en tant que fournisseur d'avis d'équité et Hunton Andrews Kurth LLP comme conseiller juridique de BankFirst, tandis que Magnolia a été conseillée par Olsen Palmer LLC et Jones Walker LLP.
BankFirst Capital Corporation (OTCQX:BFCC) hat die Übernahme von The Magnolia State Corporation und deren Tochtergesellschaft Magnolia State Bank zum 1. Juli 2025 abgeschlossen. Die strategische Fusion erweitert die Präsenz von BankFirst erheblich und führt zu 52 Filialen in Mississippi und Alabama.
Nach der Übernahme hält BankFirst nun Gesamtvermögen von etwa 3,2 Milliarden US-Dollar, Bruttokredite von etwa 2,2 Milliarden US-Dollar und Gesamteinlagen von etwa 2,8 Milliarden US-Dollar. Mehrere Schlüsselmanager von Magnolia Bank sind in Führungspositionen bei BankFirst eingetreten, darunter Kristofer T. Mangum als Regionalpräsident für Süd-Mississippi.
Die Transaktion wurde von Southard Financial, LLC als Fairness Opinion Anbieter und Hunton Andrews Kurth LLP als Rechtsberater für BankFirst unterstützt, während Magnolia von Olsen Palmer LLC und Jones Walker LLP beraten wurde.
- Expansion to 52 offices across Mississippi and Alabama, strengthening regional presence
- Significant asset base increase to $3.2 billion
- Strong financial position with $2.2 billion in gross loans and $2.8 billion in deposits
- Retention of key Magnolia Bank executives in leadership positions
- None.
Kristofer T. Mangum, Magnolia Bank's Chief Executive Officer, has joined the Bank as
Southard Financial, LLC rendered a fairness opinion to the BankFirst board of directors and Hunton Andrews Kurth LLP served as BankFirst's legal counsel. Magnolia was advised by Olsen Palmer LLC as financial advisor and Jones Walker LLP as Magnolia's legal counsel.
About BankFirst Financial Services
BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company headquartered in
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