SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 11, 2000
BANKFIRST CORPORATION
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(Exact name of registrant as specified in its charter)
Tennessee 001-14417 58-1790903
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
625 Market Street
Knoxville, Tennessee 37902
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 423.595.1100
(Former name or former address, if changed since last report):
Not applicable
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Item 5. Other Events.
BankFirst Corporation (the "Company") announced on January 11, 2000
that its Board of Directors has authorized the Company to acquire up to 500,000
shares of its Common Stock, representing up to approximately 4.4% of the
11,275,600 current total common shares outstanding.
The shares will be acquired from time to time in open market
transactions, in block purchases or otherwise, and will be available for general
corporate purposes. The timing, volume and price of purchases will be at the
discretion of management and the Company's Board of Directors, and will also be
contingent upon overall financial and market conditions.
A copy of the press release dated January 11, 2000 regarding the Stock
Repurchase Plan is attached as Exhibit 99.1 hereto, and is hereby incorporated
herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release issued January 11, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANKFIRST CORPORATION
by
Date: January 11, 2000 /s/ C. David Allen
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C. David Allen
Chief Financial Officer
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EXHIBIT 99.1
BankFirst Corp Announces 500,000 Share Stock Repurchase
Knoxville, Tennessee -- (January 11, 2000) -- BankFirst Corporation (Nasdaq:
BKFR; www.bankfirst.net) announced today that its Board of Directors has
authorized the Company to acquire up to 500,000 shares of its Common Stock,
representing up to approximately 4.4% of the total common shares outstanding.
The shares will be acquired from time to time in open market transactions, in
block purchases or otherwise, and will be available for general corporate
purposes. The timing, volume and price of purchases will be at the discretion of
management and the BankFirst Corporation Board, and will also be contingent upon
overall financial and market conditions.
BankFirst Corporation is a financial services holding company headquartered in
Knoxville, Tennessee. Its affiliate banks, BankFirst and First National Bank and
Trust Company, provide a full line of financial services through offices in six
East Tennessee counties. Knoxville-based BankFirst has 25 offices and 42 ATMs in
Knox, Blount, Loudon, Sevier, and Jefferson counties. The First National Bank
and Trust company, based in Athens, has six offices and eight ATMs in McMinn
County. The Company provides trust and brokerage services through BankFirst
Trust Company, with mortgage services provided through Curtis Mortgage Company.
CONTACT: BankFirst Corporation, Knoxville
Sharon O. Woods 865-595-1158
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