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Announced

BankFirst Capital to acquire The Magnolia State.

Synopsis

BankFirst Capital, a registered bank holding company, agreed to acquire The Magnolia State, the parent company of Magnolia State Bank, Bay Springs, Mississippi. Financial terms were not disclosed. "We believe our proposed acquisition of Magnolia State Bank will further strengthen BankFirst as we continue to grow and expand our presence in the South Mississippi market. This strategic alliance reinforces our commitment to delivering exceptional customer service and financial solutions that meet the needs of our customers. We are eager to build strong relationships with Magnolia's employees and customers, and we look forward to the positive impact we believe this merger will bring to the communities we serve," Moak Griffin, BankFirst President and CEO.

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