Shareholders in BankFirst Corp. of Knoxville, Tenn., among the last banking companies to go public before the market tanked, have had an especially turbulent ride.

While other banks stocks were heading steadily downward, BankFirst's August initial public offering was fully subscribed at $12. The stock edged up in September, scraping $13 twice, then leveled off at $12 before dropping to $8 last week.

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