BankFirst Capital Corporation (OTCPK:BFCC) signed of a definitive merger agreement to acquire Mechanics Banc Holding Company on August 31, 2022. The consideration will be in all cash. The transaction has been approved by the board of directors of each company, is expected to close in the first quarter of 2023, and is subject to customary closing conditions, including approval from the shareholders of Mechanics and bank regulatory authorities. BankFirst was advised by Southard Financial, LLC as financial advisor and Beth Whitaker of Hunton Andrews Kurth LLP are serving as its legal counsel. Mechanics was advised by Christopher Olsen and Frank Berndt of Olsen Palmer LLC as financial advisor and Jones Walker LLP as legal counsel. Beth Whitaker of Hunton Andrews Kurth LLP acted as legal advisor to BankFirst Capital Corporation.

BankFirst Capital Corporation (OTCPK:BFCC) completed the acquisition of Mechanics Banc Holding Company on January 1, 2023. Cameron Tyler, Mechanics Bank's Chairman and Chief Executive Officer, has joined the Bank as Oxford Regional Executive, and each of Charlie Edwards, Mechanics Bank's Vice President and Lender, and Tyler Hill, Mechanics Bank's Vice President and Chief Credit Officer, have joined the Bank as Senior Vice President, Commercial Lender. BankFirst was advised by Southard Financial, LLC as financial advisor.