BankFirst to Combine With Newton County Bank
BankFirst Capital Corporation will merge with Newton County Bancorporation, Inc. under a plan approved by the boards of both companies. BankFirst will acquire all six of Newton County Bank's branches, giving it total assets in excess of $875 million. It will now run 18 branches across 10 Mississippi counties, making it the 11th largest Mississippi-based banking institution. "This transaction attractively expands our footprint in central Mississippi and provides additional operating scale across our bank," said Moak Griffin, BankFirst's President and CEO. "We are excited about continuing to offer high-touch, community banking service to Newton County Bank's customers while introducing a broader product offering to better meet their banking needs."