BankFirst Capital Corporation (OTCQX:BFCC) (“BankFirst” or the “Company”), parent of BankFirst Financial Services (the “Bank”), today announced the signing of a definitive merger agreement with F.B.H. Corporation (“F.B.H.”) and The Citizens Bank of Fayette (“Citizens Bank”), under which BankFirst will acquire Citizens Bank through the merger of Citizens Bank with and into the Bank.
Olsen Palmer LLC served as exclusive financial advisor and issued a fairness opinion to BankFirst Capital Corporation.
The transaction has been approved by the board of directors of each company, is expected to close in the fourth quarter of 2021, and is subject to customary closing conditions, including approval from the shareholders of F.B.H. and bank regulatory authorities. After the merger is completed, the Bank will have 32 offices and will have assets in excess of $2.0 billion.
Olsen Palmer LLC remains one of the top 3 bank M&A advisory firms nationwide according to S&P Global, as ranked by the total number of whole-bank M&A transactions advised upon over the last twelve months.