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Announced

Completed

BankFirst Capital completed the acquisition of Mechanics Bank.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Merger

Majority

Private

Single Bidder

Friendly

Banks

banking products

United States

Acquisition

Completed

Synopsis

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BankFirst Capital, a registered bank holding company, completed the acquisition of Mechanics Bank, a full-service community banking financial institution. Financial terms were not disclosed. "We are excited about the proposed acquisition of Mechanics Bank and expanding our footprint in the Water Valley and Oxford markets. Being a strong, local community bank for the communities we serve is extremely important to us and the combined company will collectively have over 264 years of community banking experience in the State of Mississippi. This merger will allow us to build upon and further strengthen our shared beliefs, community focus and commitment to service excellence and relationship banking. We look forward to meeting and working with all of Mechanics' employees and customers," Moak Griffin, BankFirst President and CEO.

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