BankFirst Capital Corporation to Acquire Mechanics Banc Holding Company and Mechanics Bank
COLUMBUS, Miss., Sept. 1, 2022 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the signing of a definitive merger agreement with Mechanics Banc Holding Company ("Mechanics"), the parent company of Mechanics Bank, Water Valley, Mississippi ("Mechanics Bank"), under which BankFirst will acquire Mechanics and Mechanics Bank for all-cash consideration.
- COLUMBUS, Miss., Sept. 1, 2022 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the signing of a definitive merger agreement with Mechanics Banc Holding Company ("Mechanics"), the parent company of Mechanics Bank, Water Valley, Mississippi ("Mechanics Bank"), under which BankFirst will acquire Mechanics and Mechanics Bank for all-cash consideration.
- Cameron Tyler, Chief Executive Officer and Chairman of Mechanics and Mechanics Bank, commented, "This is a great opportunity for our shareholders, customers, employees, and communities.
- BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company based in Columbus, Mississippi with approximately $2.2 billion in total assets as of June 30, 2022.
- Mechanics Bank, the subsidiary bank of Mechanics Banc Holding Company, was founded in 1892 to provide quality financial products and services to customers in Yalobusha and Lafayette Counties, Mississippi, who value relationship banking.