Newton County Bank
114 East Church Street
Newton, MS 39345

Newton County Bank to merge with BankFirst

BankFirst to Expand Presence in Central Mississippi through Combination with Newton County Bank COLUMBUS, MISSISSIPPI and NEWTON, MISSISSIPPI – June 3, 2015 – BankFirst Capital Corporation ("BankFirst") and Newton County Bancorporation, Inc. ("NCB") have entered into a Definitive Agreement and Plan of Merger whereby NCB will be merged with and into BankFirst, with BankFirst as the surviving entity. With the merger, BankFirst will have total assets in excess of $875 million and 18 total branches across 10 Mississippi Counties. In so doing, BankFirst will become the 11th largest Mississippi-based banking institution and will capture a top 10 share of the Mississippi state-wide deposit market. "This transaction attractively expands our footprint in central Mississippi and provides additional operating scale across our bank. We are excited about continuing to offer high-touch, community banking service to Newton County Bank's customers while introducing a broader product offering to better meet their banking needs," said Moak Griffin, BankFirst's President & CEO. "Newton County Bank has consistently ranked as one of the best performing banks in Mississippi, so we look forward to keeping their culture and performance intact." Bill Freeman, Newton County Bank President & CEO, will serve as the Newton Community Bank President following the transaction and will also join the BankFirst Board of Directors. "With this partnership, Newton County Bank will become part of a larger, high-performing bank with a culture and customer focus very similar to ours," noted Mr. Freeman. "This partnership will benefit our customers, our community, and our employees, immediately and over the long term." The transaction, which is expected to close in the 3rd quarter of 2015, was unanimously approved by the boards of both companies but remains subject to approval by NCB's shareholders and approval by federal and state regulatory authorities as well as the satisfaction of other customary closing conditions provided in the merger agreement. BankFirst was advised by Olsen Palmer LLC and the law firm of Brunini, Grantham, Grower, and Hewes, PLLC. NCB was advised by Performance Trust Capital Partners, LLC and the law firm of Jones Walker LLP. About BankFirst BankFirst is a 127 year old community bank serving the Mississippi communities of Macon, Columbus, West Point, Starkville, Madison, Flowood, Jackson and Hattiesburg, as well as Tuscaloosa, Alabama. For more information, visit the company's website at About Newton County Bank Founded in 1912, Newton County Bank has $162 million in total assets and $135 million in total deposits. Newton County Bank currently operates 6 offices serving the Mississippi Counties of Newton, Scott and Jasper. For more information, visit the company's website at Sources: BankFirst Capital Corporation, Newton County Bancorporation, Inc., and SNL Financial.

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