BancFirst Corporation completed the acquisition of Certain Assets, Deposits and Certain Other Obligations of RCB Bank's Stroud, Oklahoma Branch.
July 19, 2023
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BancFirst Corporation (NasdaqGS:BANF) has agreed to acquire Certain Assets, Deposits and Certain Other Obligations of RCB Bank's Stroud, Oklahoma Branch on April 19, 2023. The transaction is expected to be completed during the third quarter of 2023 and is subject to regulatory approval.
BancFirst Corporation (NasdaqGS:BANF) completed the acquisition of Certain Assets, Deposits and Certain Other Obligations of RCB Bank's Stroud, Oklahoma Branch on July 20, 2023. As part of the acquisition, BancFirst purchased approximately $2.5 million in total assets, which included $2.1 million in loans, and assumed $10.8 million in deposits and other obligations, from RCB Bank's Stroud, Oklahoma branch. RCB Bank paid BancFirst $7.8 million as a result of this transaction.
BancFirst Corporation is a financial holding company, which operates through its subsidiaries, BancFirst and Pegasus Bank, which are a state-chartered banks. The Company has six business units: metropolitan banks, community banks, Pegasus, Worthington, other financial services and executive, operations, and support. Metropolitan banks, community banks, Pegasus and Worthington offers commercial and retail lending, a full line of deposit accounts and other. Metropolitan banks consist of banking locations in the metropolitan Oklahoma City and Tulsa areas. Community banks consist of banking locations in communities throughout Oklahoma. Pegasus consists of banking locations in the Dallas metropolitan area. Worthington consists of banking locations in the Fort Worth metropolitan area. Other financial services are specialty product business units, including guaranteed small business lending, residential mortgage lending, trust services, securities brokerage, electronic banking and insurance.
BANCFIRST CORPORATION 
