BankFirst Capital Corporation, parent of BankFirst Financial Services, has completed its acquisition of Tate Financial Corporation, a Mississippi corporation and its wholly owned banking subsidiary, Sycamore Bank in Senatobia.
The company made the announcement Tuesday, Oct. 4.
The acquisition results in BankFirst, also simply known as “The Bank”, having 38 offices serving Mississippi and Alabama, with total assets of approximately $2.5 billion, gross loans of approximately $1.4 billion, and total deposits of approximately $2.1 billion.
M. J. "Jay" Tindall, Jr., Sycamore Bank Chairman and Chief Executive Officer, has joined the Bank as North Mississippi Regional Executive; Michael Webb, Sycamore Bank President and Chief Operating Officer, has joined the Bank as North Mississippi Regional President; and Doug McClure, Sycamore Bank Executive Vice President, has joined the Bank as Tate County Community Bank President.
BankFirst Capital Corporation is a registered bank holding company based in Columbus, Miss., with approximately $2.2 billion in total assets as of June 30, 2022. BankFirst Financial Services, the Company's wholly owned banking subsidiary, was founded in 1888 and is locally owned, controlled, and operated.
BankFirst offers a wide variety of services for businesses and consumers including internet banking, no-fee ATM access, checking, CD, and money market accounts, merchant services, mortgage loans, remote deposit capture, and more.
