Washington, D.C. – Olsen Palmer is pleased to announce that BankFirst Capital Corporation (“BankFirst”) and Newton County Bancorporation, Inc. (“NCB”) have entered into a Definitive Agreement and Plan of Merger whereby NCB will be merged with and into BankFirst, with BankFirst as the surviving entity.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to BankFirst Capital Corporation.
With the merger, BankFirst will have total assets in excess of $875 million and 18 total branches across 10 Mississippi counties. BankFirst will become the 11th largest Mississippi-based banking institution and will capture a top 10 share of the Mississippi state-wide deposit market. The transaction is expected to close in the third quarter of 2015.
About Olsen Palmer LLC
Olsen Palmer is an independent investment banking firm that advises community banks across the full spectrum of Mergers & Acquisitions. We apply a community banking model to investment banking: Olsen Palmer is a nimble, high-touch firm, free of conflicts and focused solely on helping our clients realize their strategic goals. The principals of Olsen Palmer have collectively been advising financial institutions for three decades, including on over 50 completed M&A transactions with values as large as $4 billion. For more information, please visit our website: www.OlsenPalmer.com.