Olsen Palmer is pleased to announce that BankFirst Capital Corporation ("BankFirst“, OTC:BFCC), parent of BankFirst Financial Services, has acquired Traders & Farmers Bancshares, Inc., ("T&F"), parent of Traders & Farmers Bank, for consideration comprised of stock and cash.
Olsen Palmer LLC served as exclusive financial advisor to BankFirst Capital Corporation in connection with this transaction.
The acquisition results in BankFirst having 32 locations serving Mississippi and Alabama, with total assets of approximately $1.8 billion, gross loans of approximately $1.0 billion and total deposits of approximately $1.5 billion. Three representatives from T&F have joined the board of BankFirst Financial Services, Inc.
If you have any questions or would like additional information, please feel free to contact me at 202-627-2043 or colsen@olsenpalmer.com.
About Olsen Palmer LLC
Olsen || Palmer is an independent investment banking firm that exclusively advises financial institutions across the spectrum of Mergers & Acquisitions out of our headquarters in Washington DC and regional offices in Chicago, Denver, and Birmingham. By design, we combine the extensive M&A expertise of a traditional diversified firm with the agility, innovation, and independence of a boutique firm. Specializing in sell-side M&A advisory, buy-side M&A advisory, valuations, fairness opinions, branch acquisitions and divestitures, and Board-level assessments of strategic options.
Olsen Palmer LLC was ranked as a Top 3 bank M&A advisory firm according to S&P Global, based on the number of nationwide whole-bank sell side M&A transactions advised upon in 2019. Christopher Olsen, the firm’s Managing Partner, was ranked the #1 bank M&A advisor across the entire U.S. according to S&P Global, based on the total number of nationwide whole-bank M&A transactions on which he served as advisor in 2019.