BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst”), parent of BankFirst Financial Services, today announced the completion of its acquisition of Tate Financial Corporation (“Tate”), and its wholly-owned banking subsidiary, Sycamore Bank.
Olsen Palmer LLC served as financial advisor to BankFirst Capital Corporation.
The acquisition results in BankFirst having 38 offices serving Mississippi and Alabama, with total assets of approximately $2.5 billion, gross loans of approximately $1.4 billion, and total deposits of approximately $2.1 billion. Jay Tindall, Jr., Sycamore Bank's Chairman and Chief Executive Officer, has joined the Bank as a Regional Executive.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide as ranked by the total number of whole-bank M&A transactions advised upon over the last three years, according to S&P Global.