Welcome to our dedicated page for Bankfirst Cap news (Ticker: BFCC), a resource for investors and traders seeking the latest updates and insights on Bankfirst Cap stock.
BankFirst Capital Corporation (NASDAQ: BFCC) maintains this dedicated news hub for investors and stakeholders tracking developments at this Mississippi-based community banking institution. Our curated collection provides official press releases and verified financial updates directly from the company.
This resource serves as your primary source for BFCC's strategic announcements, including quarterly earnings disclosures, leadership transitions, product launches, and regulatory filings. Users gain streamlined access to material information affecting the bank's operational performance and market position.
The archive features updates across key operational areas: financial results, branch network expansions, digital banking enhancements, and community development initiatives. All content undergoes verification to ensure compliance with financial disclosure standards.
Bookmark this page for convenient access to BFCC's latest corporate communications. For comprehensive analysis of these developments, consult our educational resources on evaluating banking sector investments.
BankFirst Capital Corporation (OTCQX: BFCC) announced a definitive merger agreement to acquire Mechanics Banc Holding Company, the parent of Mechanics Bank, for all-cash consideration. This transaction, approved by both boards, is expected to close in Q1 2023, pending shareholder and regulatory approvals. BankFirst aims to expand its presence in the Water Valley and Oxford markets, enhancing community banking services with over 264 years of combined experience. Post-merger, BankFirst will operate 47 offices across Mississippi and Alabama, boasting assets exceeding $2.7 billion.
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.
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.
BankFirst Capital Corporation (OTCQX:BFCC) announced the successful issuance of $175.0 million in senior perpetual noncumulative preferred stock to the U.S. Department of the Treasury, part of the Emergency Capital Investment Program (ECIP). This investment qualifies as Tier 1 capital for regulatory purposes and will pay non-cumulative dividends quarterly, starting after a two-year period. The program supports small and minority-owned businesses in underserved areas. BankFirst aims to redeem the preferred stock after five years, pending regulatory approval.
BankFirst Capital Corporation (OTCQX: BFCC) reported a fourth-quarter net income of $4.4 million or $0.84 per share, down from $5.3 million or $1.01 per share in Q3 2021, but up from $3.9 million or $0.76 per share in Q4 2020. For the entire year, net income reached $18.3 million, or $3.47 per share, a 36% increase compared to 2020. The company completed the acquisition of The Citizens Bank of Fayette, increasing total assets to approximately $2 billion. Participation in the Emergency Capital Investment Program could provide up to $175 million in investments.
BankFirst Capital Corporation (OTCQX:BFCC) has completed its acquisition of The Citizens Bank of Fayette, expanding its operations to 32 offices across Mississippi and Alabama. This strategic move increases BankFirst's total assets to approximately $2.0 billion, gross loans to $1.2 billion, and total deposits to $1.8 billion. Key executives from Citizens Bank are joining BankFirst, enhancing leadership in the Fayette region. The transaction is expected to create synergies and strengthen the bank's presence in the southeastern U.S.
BankFirst Capital Corporation (OTCQX: BFCC) has declared a cash dividend of $0.68 per share, payable on December 10, 2021, to shareholders of record as of December 1, 2021. This announcement was made by Moak Griffin, President and CEO of the company. BankFirst Capital Corporation, based in Columbus, Mississippi, has approximately $1.8 billion in total assets and operates numerous branches across Mississippi and Alabama.
BankFirst Capital Corporation (OTCQX: BFCC) reported strong Q3 2021 net income of $5.3 million, or $1.01 per share, marking a 24% increase from Q2 2021 and 58% compared to Q3 2020. Year-to-date net income reached $13.9 million, a 32% rise. Total assets were $1.79 billion with a 1% increase in net loans. The company announced the acquisition of Citizens Bank of Fayette, enhancing its footprint. However, net interest margin decreased slightly to 3.00%, influenced by rising interest expenses.
BankFirst Capital Corporation (OTCQX:BFCC) has signed a merger agreement with F.B.H. Corporation to acquire The Citizens Bank of Fayette, Alabama. The transaction, which is expected to close in Q4 2021, was unanimously approved by both boards and requires shareholder and regulatory approval. Upon completion, BankFirst will operate 32 offices in Mississippi and Alabama, with total assets surpassing $2.0 billion. Both companies emphasized their cultural alignment and commitment to community banking.
BankFirst Capital Corporation (OTCQX:BFCC) announced the opening of a new loan production office in Biloxi, Mississippi on September 27, 2021. This move marks the company's expansion into the Biloxi market, which is expected to bolster growth opportunities. Additionally, the company has converted its existing mortgage production office in Oxford, Mississippi, into a loan production office to better serve increasing demand for its loan products. BankFirst is a locally owned financial institution with $1.8 billion in assets, headquartered in Columbus, Mississippi.
