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About Mechanics Bank acquired by BankFirst Financial Services

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Columbus, Miss. – BankFirst Financial Services, the parent of B

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BankFirst Capital Corporation, today announced its signing of a definitive 

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 merger agreement with Mechanics Bank, the Water Valley,

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Mississippi parent whatever company, Mechanics Bank Holding Company,

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under which BankFirst will do well to acquire Mechanics and Mechanics. by bank.

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The said transaction has been approved by the Board

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 of Directors of each company, is expected to close in the quarter of 2023, 

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and is subject to the customary closing conditions as required by the stated tax.

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 This well includes approval from Mechanics' shareholders and bank regulatory authorities.

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Announcing his announcement, Mok Griffin, President and CEO of Joe BankFirst, said,

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We are very excited about all of the proposed acquisitions of Mechanics Bank and greatly

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 expanding our footprint in the Oxford markets with Water Valley. Just excited.

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 We point out that being a very strong, local community bank to the communities we serve

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 is of utmost importance to us and the combined company has over 264

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years of community support in the state of Mississippi collectively.