BankFirst Capital Corporation (OTCPK:BFCC) signing of a definitive merger agreement to acquire Tate Financial Corporation on June 23, 2022. Following the merger, M. J. "Jay" Tindall, Jr. will remain with BankFirst Financial Services, serving as BankFirst Financial's North Mississippi Regional Executive Officer. The transaction has been approved by the board of directors of each company, is expected to close in the third quarter of 2022, and is subject to customary closing conditions, including approval from the shareholders of Tate and bank regulatory authorities. BankFirst was advised by Olsen Palmer, LLC as financial advisor and Hunton Andrews Kurth LLP is serving as its legal counsel. Tate was advised by Gerrish Smith Tuck, PC as financial advisor and legal counsel, and Southard Financial, LLC provided a fairness opinion to the Tate board of directors.

BankFirst Capital Corporation (OTCPK:BFCC) completed the acquisition of Tate Financial Corporation on October 1, 2022.