BankFirst Capital Corporation acquires FNB Bancshares of Central Alabama, Inc.
Published 11:45 am Tuesday, April 2, 2019
BankFirst Capital Corporation, parent of BankFirst Financial Services, announced this week the completion of its acquisition of FNB Bancshares of Central Alabama, Inc. , parent of FNB of Central Alabama. The acquisition will result in BankFirst having 22 offices serving Mississippi and Alabama, with total assets of approximately $1.3 billion, gross loans of approximately $937 million and total deposits of approximately $1.2 billion, according to a news release.
“Being a strong, local community bank for the communities we serve is extremely important to both BankFirst and FNB of Central Alabama,” BankFirst’s President and Chief Executive Officer, Moak Griffin, said in the release. “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.”
R. Heyward Gould, Jr., FNB’s President and Chief Executive Officer, has joined the bank as Alabama Regional President, Virginia Lee, FNB’s Chief Financial Officer, has joined the bank as Corporate Accountant, and Jennifer James, FNB’s Senior Credit Officer, has joined the bank as Vice President, Credit Administration.
BankFirst Financial Services, the subsidiary bank of BankFirst Capital Corporation, is a $1.3 billion financial institution that is locally owned, controlled, and operated. The bank’s headquarters is in Columbus, Mississippi, with additional offices in Flowood, Hickory, Lake, Louin, Macon, Madison, Newton, Jackson, Starkville and West Point and Tuscaloosa, Alabama. The bank also operates a mortgage production office in Oxford, Mississippi.