FIG Has Now Completed 112 M&A Transactions Totaling More Than
$6.9 Billion In Transaction Volume
ATLANTA — November 15, 2018 — BankFirst Capital Corporation has announced a definitive merger agreement to acquire FNB Bancshares of Central Alabama, Inc.
BankFirst Capital Corporation, the parent company of BankFirst Financial Services, and FNB Bancshares of Central Alabama, Inc., the parent company of FNB of Central Alabama, will merge their parent companies and subsidiaries.
After the merger is completed, the company will operate under the BankFirst brand. The bank will have 22 offices serving Mississippi and Alabama and have total assets in excess of $1.2 billion. The transaction is expected to close in the first quarter of 2019.
“Being a strong, local community bank for the communities we serve is extremely important to both BankFirst and FNB of Central Alabama,” said BankFirst’s President and Chief Executive Officer, Moak Griffin. “By combining our 183 years of banking experience in Mississippi and Alabama, this merger will allow us to build upon and further strengthen our shared beliefs, community focus and commitment to service excellence. In addition, this merger supports our strategic intention of partnering with organizations that have strong core deposit funding, solid commercial banking and credit practices, and a long tradition of superior community and customer service.”
More information is available here.
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