Miss.-based BankFirst closes acquisition of Ala.-based Citizens Bank of Fayette

Columbus, Miss.-based BankFirst Capital Corp., the parent company of BankFirst Financial Services, completed its acquisition of Fayette, Ala.-based Citizens Bank of Fayette from F.B.H. Corp.

With the acquisition, BankFirst Capital now has 32 offices serving Mississippi and Alabama, with total assets of roughly $2.0 billion, gross loans of approximately $1.2 billion and total deposits of about $1.8 billion, according to a news release.

Citizens Bank President and CEO Robert Mills joined BankFirst as Fayette regional executive, while Citizens Bank CFO Sandra Nolen and COO Thomas Whitley have joined as Fayette region vice president and Fayette community bank president, respectively.

Olsen Palmer LLC served as financial adviser and Hunton Andrews Kurth LLP worked as legal counsel for BankFirst Capital. Gerrish Smith Tuck Consultants LLC served as F.B.H.'s financial adviser, and Gerrish Smith Tuck PC acted as its legal counsel.