M&A Deal Summary

BankFirst Financial Services Acquires Traders & Farmers Bancshares

On February 5, 2020, BankFirst Financial Services acquired financial services company Traders & Farmers Bancshares

Acquisition Highlights
  • This is BankFirst Financial Services’ 2nd transaction in the Financial Services sector.
  • This is BankFirst Financial Services’ 2nd transaction in the United States.
  • This is BankFirst Financial Services’ 2nd transaction in Alabama.

M&A Deal Summary
Date 2020-02-05
Target Traders & Farmers Bancshares
Sector Financial Services
Buyer(s) BankFirst Financial Services
Deal Type Add-on Acquisition
Advisor(s) Porter White & Company LLC (Financial)
Bradley Arant Boult Cummings (Legal)

Target

Traders & Farmers Bancshares

Haleyville, Alabama, United States
Traders & Farmers Bancshares, Inc. offers a wide variety of consumer and business products including internet banking, bill pay, checking, savings, personal loans, mortgage loans, investment services, financial planning, life insurance and more. Traders & Farmers Bancshares was founded in 1906 and is based in Haleyville, Alabama.

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Buyer(S) 1

Buyer

BankFirst Financial Services

Columbus, Mississippi, United States
Category Company
Founded 1888
Sector Financial Services
DESCRIPTION

BankFirst Financial Services offers a wide variety of services for businesses and consumers. The Bank also offers internet banking, no-fee ATM access, checking, CD, and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. BankFirst Financial Services, the subsidiary bank of BankFirst Capital Corporation, was founded in 1888 and is a $974.1 million financial institution that is locally owned, controlled, and operated. The Bank’s headquarters is in Columbus, Mississippi, with additional offices in Flowood, Hickory, Jackson, Lake, Louin, Macon, Madison, Newton, Starkville and West Point, and Tuscaloosa, Alabama.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alabama) 2 of 2
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 FNB Bancshares of Central Alabama

Tuscaloosa, Alabama, United States

FNB Bancshares of Central Alabama, Inc. offers a wide variety of consumer and business products including banking technology. FNB of Central Alabama, the subsidiary bank of FNB Bancshares of Central Alabama, Inc., was founded in 1965 to meet the needs of business and consumers in central Alabama. A $273.2 million financial institution, FNB of Central Alabama is headquartered in Tuscaloosa, Alabama, with additional offices in Aliceville, Carrollton, Gordo and Northport, Alabama.

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Company

Legal