BankFirst Financial Services Announces Opening of Loan Production Office in Tupelo, Mississippi

Rhea-AI Summary

BankFirst Capital Corporation (OTCQX:BFCC) announced the opening of a new loan production office (LPO) in Tupelo, Mississippi, enhancing its market presence in northeast Mississippi. The LPO, located at 431 West Main Street, will be overseen by Jamie Osbirn, who has over 20 years of banking experience in the area. With this addition, BankFirst now operates 36 offices across Mississippi and Alabama, boasting assets exceeding $2 billion. President Moak Griffin expressed enthusiasm for serving the community's lending needs with this expansion.

Positive

• Opening of a new loan production office in Tupelo, Mississippi, expanding market presence.
• Total assets exceed $2 billion, indicating a strong financial position.

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• None.

COLUMBUS, Miss., July 5, 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 431 West Main Street, Suite 403, Tupelo, Mississippi, 38804 (the "LPO"). 

In making the announcement, BankFirst's President and Chief Executive Officer, Moak Griffin, said, "We are thrilled with the opportunity to expand our market presence in northeast Mississippi with the opening of a new LPO in Tupelo.  We look forward to meeting with our customers and serving the lending needs of the community."  Jamie Osbirn, Northeast Mississippi Regional President of the Bank, will oversee the operations of the LPO.  Mr. Osbirn has over 20 years of banking experience in the Tupelo market, primarily focusing on commercial real estate.

With the opening of the new LPO, the Bank now has 36 offices serving Mississippi and Alabama, and has 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 opening for BFCC?

The new loan production office in Tupelo represents BankFirst's strategy to enhance its market presence in northeast Mississippi, potentially increasing lending opportunities in the region.

Where is the new loan production office of BFCC located?

The new loan production office is located at 431 West Main Street, Suite 403, Tupelo, Mississippi, 38804.

How many offices does BankFirst Capital Corporation have now?

With the opening of the new LPO, BankFirst Capital Corporation now has a total of 36 offices serving Mississippi and Alabama.

What is the asset size of BankFirst Capital Corporation?

As of the announcement, BankFirst Capital Corporation has assets exceeding $2 billion.

Who will oversee the new loan production office for BFCC?

The new loan production office will be overseen by Jamie Osbirn, the Northeast Mississippi Regional President of the Bank.