IPO Company Profile
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Bankfirst Corporation
625 Market Street, Knoxville, TN 37902 * (423) 595-1100

The company is a bank holding company that focuses on meeting the banking needs of East Tennessee businesses and residents through a relationship oriented, community bank business strategy.

Primary Underwriting Group
ManagerTierPhone
J.C. Bradford & Co.Lead Manager (615) 748-9347
Morgan Keegan & Company, IncorporatedCo-manager (901) 529-5357

Offering Information
NASNTL:BKFR Financial: SIC 6712
Type of Shares:Common Shares Filing Date:6/18/98
U.S. Shares:1,600,000 Offer Date:8/26/98
Non-U.S. Shares:0 Filing Range:$11.50 - $13.50
Primary Shares:1,600,000 Offer Price:$12.00
Secondary Shares:0 Gross Spread:$0.84
Offering Amount: $20,000,000 Selling:$0.50
Expenses: - Reallowance:$0.10
Post-IPO Shares: -
Employees:258

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Baker, Donelson, Bearman & Caldwell
Bank's Law Firm: Waller Lansden Dortch & Davis
Registrar/Transfer Agent: Registrar and Transfer Company, New Jersey
Auditor: Crowe, Chizek and Company

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
3 Month Ending Financials
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Audited
Income
Balance
Sheet
12/31/97 3/31/98 3/31/97 3/31/98
Revenue:$5.75$15.93$13.64Assets:$701.43
Net Income:$6.63$1.70$1.57Curr Assets:
EPS:$0.66$0.17$0.16Liabilities:$639.71
Prior EPS:$0.63Curr Liab:$567.23
Cash Flow/Oper:$10.87Equity:$61.72
Cash Flow/Fin:$37.11Cash:
Cash Flow/Inv:-$36.61

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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