OKLAHOMA
CITY, April 19, 2023 /PRNewswire/
-- BancFirst Corporation (NASDAQ GS: BANF) today announced
that its subsidiary bank, BancFirst, has entered into a purchase
and assumption agreement with RCB Bank of Claremore, Oklahoma to purchase certain assets
and assume the deposits and certain other obligations of its
Stroud, Oklahoma branch. As of
March 31, 2023, the branch had
approximately $13.6 million of total
assets, including $2.2 million of
loans, and $13.0 million of deposits.
After the purchase, the branch will be absorbed into the
Stroud branch of BancFirst. The
transaction is expected to be completed during the third quarter of
2023 and is subject to regulatory approval.
RCB Bank CEO Roger Mosier stated,
"BancFirst has been a solid supporter in the Stroud community since 1992 and is known for
their excellent customer service. I am positive our customers will
be satisfied with the move."
BancFirst Corporation (the Company) is an Oklahoma based financial services holding
company. The Company operates three subsidiary banks, BancFirst, an
Oklahoma state-chartered bank with
106 banking locations serving 59 communities across Oklahoma, Pegasus Bank, with 3 banking
locations in the Dallas Metroplex area and Worthington Bank with 4 locations in the
Dallas-Fort Worth Metroplex area. More information can be found at
www.bancfirst.bank.
The Company may make forward-looking statements within the
meaning of Section 27A of the securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 with respect to
earnings, credit quality, corporate objectives, interest rates and
other financial and business matters. Forward-looking statements
include estimates and give management's current expectations or
forecasts of future events. The Company cautions readers that these
forward-looking statements are subject to numerous assumptions,
risks and uncertainties, including economic conditions, the
performance of financial markets and interest rates; legislative
and regulatory actions and reforms; competition; as well as other
factors, all of which change over time. Actual results may differ
materially from forward-looking statements.
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SOURCE BancFirst