Old Glory Holding Company Acquires First State Bank of Elmore City

BankFirst Capital Corporation Acquires The Magnolia State Corporation and Magnolia State Bank

July 1, 2025

Financial Services

BankFirst Capital Corporation signed and later completed its acquisition of The Magnolia State Corporation and its wholly owned subsidiary, Magnolia State Bank. The deal expands BankFirst’s presence across Mississippi and Alabama, bringing the combined company to 52 offices and approximately $3.2 billion in total assets.

FirstBanc of Alabama to Acquire First Fidelity Bank

December 10, 2025

Financial Services

Talladega-based FirstBanc of Alabama, Inc. (parent of First Bank of Alabama) has signed a definitive agreement to merge with and into Fort Payne-based FBDC Financial Corporation (parent of First Fidelity Bank). Under the deal, FirstBanc will pay $20.5 million in aggregate ($52.56 per FBDC share), and First Fidelity Bank will be merged into First Bank of Alabama. The transaction is expected to close no later than Q2 2026, subject to shareholder and regulatory approvals.

Dream First Bank to Acquire BancCentral

March 24, 2025

Financial Services

Dream First Bank has entered into an agreement to acquire Oklahoma-based BancCentral, including its branches in Alva, Enid, Cherokee and Woodward. The merger is described as a natural evolution for both banks, aimed at delivering greater value to customers and investing in local communities and employee futures.

First Bancorp Acquires GrandSouth Bancorporation

January 1, 2023

Financial Services

First Bancorp (parent of First Bank) completed its acquisition of GrandSouth Bancorporation (the parent of GrandSouth Bank) effective January 1, 2023 in an all-stock merger (0.91 shares of First Bancorp per GrandSouth share). The deal expands First Bank's presence in South Carolina by adding GrandSouth's eight branches and is expected to accelerate First Bancorp's South Carolina growth, creating a combined company with approximately $12 billion in assets and 118 branches.

Heritage Bancshares to Acquire Fidelity State Bank and Trust Company

December 13, 2024

Financial Services

Heritage Bancshares, Inc. (Heritage Bank) and Fidelity Kansas Bankshares, Inc. jointly announced the signing of a stock purchase agreement under which Heritage Bancshares will acquire Fidelity State Bank and Trust Company. Following closing, Fidelity will be merged into Heritage Bank as the surviving entity, which is expected in Q2 2025 subject to customary approvals.

First Financial Bancorp to Acquire BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp agreed to acquire Chicago-based BankFinancial Corporation in an all-stock transaction valued at approximately $142 million. The deal is intended to expand First Financial’s presence in the Chicago market, adding 18 financial centers and BankFinancial’s consumer, trust/wealth management, and selected commercial lending capabilities.