BankFirst Financial Services Announces Opening of Loan Production Office in Birmingham, Alabama

Rhea-AI Summary

BankFirst Capital Corporation (OTCQX: BFCC) has announced the opening of a new loan production office in Birmingham, Alabama. This expansion aims to enhance their footprint in the Alabama market, with the new office being managed by Stephen Walker, who brings over 18 years of financial services experience. With the establishment of this office, BankFirst now operates 41 offices across Mississippi and Alabama, boasting total assets exceeding $2.0 billion as of March 31, 2022.

Positive

• Expansion into the Birmingham market enhances customer access.
• Total assets surpassing $2.0 billion indicate strong financial health.
• Leadership by Stephen Walker shows experience in the local market.

Negative

• None.

COLUMBUS, Miss., June 21, 2022 /PRNewswire/ -- BankFirst Capital Corporation (OTCQX: BFCC) ("BankFirst" or the "Company"), parent of BankFirst Financial Services (the "Bank"), today announced the opening of a new loan production office located at 2100 Southbridge Office Building, Suite 450, Birmingham, Alabama, 35209 (the "LPO"). 

In making the announcement, BankFirst's President and Chief Executive Officer, Moak Griffin, said, "We are very excited to expand our footprint into the Birmingham market and the opening of our new LPO further underscores our commitment to our customers and communities in the State of Alabama." Stephen Walker, will oversee the operations of the LPO.  Mr. Walker has over 9 years of banking experience in the Birmingham market, primarily focusing on commercial real estate, and over 18 years of experience in the financial services industry. 

With the opening of the new LPO, the Bank now has 41 offices serving Mississippi and Alabama, and have assets in excess of $2.0 billion.

About BankFirst Financial Services

BankFirst Capital Corporation (OTCQX: BFCC) is a registered bank holding company based in Columbus, Mississippi with approximately $2.0 billion in total assets as of March 31, 2022. BankFirst Financial Services, the Company's wholly-owned banking subsidiary, was founded in 1888 and is locally owned, controlled, and operated.  The Company is headquartered in Columbus, Mississippi, and the Bank operates additional branch offices in Columbus, Flowood, Hattiesburg, Jackson, Louin, Macon, Madison, Newton, Starkville, and West Point, Mississippi; and Addison, Aliceville, Arley, Bear Creek, Carrollton, Curry, Double Springs, Fayette, Gordo, Haleyville, Lynn, Northport, and Tuscaloosa, Alabama.  The Bank also operates four loan production offices in Biloxi, Brookhaven, and Oxford, Mississippi and Birmingham, 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.

Available Information

The Company maintains an Internet web site at www.bankfirstfs.com/about-us/investors.  The Company makes available, free of charge, on its web site the Company's annual meeting materials, annual reports, and quarterly earnings reports.  In addition, the OTC Markets Group maintains an Internet site that contains reports, proxy and information statements, and other information regarding the Company (at www.otcmarkets.com/stock/BFCC/overview).

The Company routinely posts important information for investors on its web site (under www.bankfirstfs.com and, more specifically, under the Investor Relations tab at www.bankfirstfs.com/about-us/investors).  The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under the OTC Markets Group OTCQX Rules for U.S. Banks.  Accordingly, investors should monitor the Company's web site, in addition to following the Company's press releases, OTC filings, public conference calls, presentations and webcasts.

The information contained on, or that may be accessed through, the Company's web site is not incorporated by reference into, and is not a part of, this press release.

Member FDIC 

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SOURCE BankFirst Capital Corporation

FAQ

What is the significance of the new loan production office opened by BFCC?

The new loan production office in Birmingham, Alabama, signifies BankFirst's expansion and commitment to the local market, enhancing customer service.

When did BankFirst Capital Corporation announce the opening of the Birmingham loan production office?

The announcement was made on June 21, 2022.

How many offices does BankFirst operate after the Birmingham expansion?

After the Birmingham expansion, BankFirst operates a total of 41 offices in Mississippi and Alabama.

Who will manage the new loan production office in Birmingham?

Stephen Walker, who has over 18 years of experience in financial services, will oversee the Birmingham loan production office.

What are the total assets of BankFirst Capital Corporation as of March 31, 2022?

As of March 31, 2022, BankFirst Capital Corporation's total assets exceed $2.0 billion.