BankFirst Capital approves $10 million stock repurchase program

BankFirst Capital Corporation (OTCQX: BFCC) announced that its board of directors approved a stock repurchase program for up to $10 million of the company's outstanding common stock. The program will run through May 21, 2027, unless terminated earlier or the allocated funds are depleted.

The Columbus, Mississippi-based bank holding company may repurchase shares through various methods, including open market purchases and privately negotiated transactions. Open market repurchases will comply with SEC Rule 10b-18 limitations and other applicable legal requirements.

The company may conduct repurchases under a trading plan pursuant to SEC Rule 10b5-1, which would allow share buybacks during trading blackout periods or other regulatory restrictions. The timing, manner and amount of repurchases will depend on factors including stock price performance, market conditions, regulatory requirements and fund availability.

BankFirst Capital may begin, suspend or terminate repurchases at any time without prior notice. The program does not obligate the company to repurchase any specific number of shares, and there is no guarantee regarding the exact number or value of shares that will be repurchased.

BankFirst Capital Corporation operates as the parent company of BankFirst Financial Services, which is based in Macon, Mississippi. The company reported approximately $3.36 billion in total assets as of March 31, 2026, according to the press release.

The bank operates branch offices across Mississippi and Alabama, along with four loan production offices in Mississippi and Alabama markets.

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