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BankFirst Capital raises $13M in private placement

Apr 04, 2019 - SNL Financial
Mergers and Acquisitions-Investments

Mississippi-based BankFirst Capital Corp. raised gross proceeds of about $13 million in a private placement from its existing shareholders and new investors in the local community.

The proceeds were used to fund the company's acquisition of Tuscaloosa, Ala.-based FNB Bancshares of Central Alabama Inc. and unit FNB of Central Alabama, which closed on April 1.

Hunton Andrews Kurth LLP acted as legal counsel to the company, while FIG Partners LLC acted as placement agent to the company ...