The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Feb. 26, 2:11 PM

Slide #99. BankFirst Capital Corporation Traders & Farmers Bancshares, Inc.

Acquirer: BankFirst Capital Corporation (BFCC)
Acquiree: Traders & Farmers Bancshares, Inc.
Details: BankFirst Capital Corporation ("BankFirst" or the "Company") (OTC:BFCC), parent of BankFirst Financial Services (the "Bank"), today announced the signing of a definitive merger agreement with Traders & Farmers Bancshares, Inc., ("T&F"), parent of Traders & Farmers Bank, Haleyville, Alabama, under which BankFirst will acquire T&F. The transaction has been unanimously approved by the board of directors of each company, is expected to close in the second quarter of 2020, and is subject to customary closing conditions, including approval from the shareholders of T&F and bank regulatory authorities. Under the terms of the definitive agreement, shareholders of T&F will receive from BankFirst a mix of cash and shares of BankFirst common stock valued at $49 million in the aggregate, subject to adjustment. The T&F shareholders will also be eligible to receive from T&F a special cash dividend in the amount of $33 million in the aggregate.

  BankFirst Capital Corporation: BFCC
  Traders & Farmers Bancshares, Inc.: PRIVATE
 

Open the ORL.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Mergers & Acquisitions Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.