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BancFirst Corporation Announces Acquisition of American Bank of Oklahoma

1. BancFirst announces acquisition of American Bank of Oklahoma, enhancing asset base. 2. ABOK holds $385 million in assets; merger expected in Q3 2025. 3. CEO highlights growth in communities served by BancFirst and ABOK. 4. ABOK will retain its name until merging into BancFirst in late 2025. 5. BancFirst recognized as one of America's Best Banks by Forbes.

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FAQ

Why Bullish?

The acquisition is expected to expand BancFirst's market presence and asset base, similar to previous successful acquisitions that positively influenced stock prices.

How important is it?

The acquisition is a significant strategic move for BancFirst, aligning with growth and expansion goals.

Why Long Term?

The merger will solidify BancFirst's position in the market by late 2025, providing ongoing revenue growth opportunities.

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ABOK
, /PRNewswire/ -- BancFirst Corporation (NASDAQ: BANF) today announced it has entered into an agreement to acquire American Bank of Oklahoma (ABOK), a privately held community bank headquartered in Collinsville, Oklahoma. ABOK has approximately $385 million in total assets, $280 million in loans, and $320 million in deposits. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. David Harlow, CEO of BancFirst Corporation, commented:"Collinsville and Skiatook are thriving communities that continue to experience dynamic growth in Northeastern Oklahoma. We are excited to welcome the American Bank of Oklahoma team and their customers to BancFirst. This acquisition aligns with our continued commitment to serving communities here in our home state." Teresa Brown, President & CEO of American Bank of Oklahoma, added:"Joining forces with BancFirst represents a great opportunity for our customers and employees to join one of the strongest banks in the country. We share common values and a commitment to local service, and we look forward to the partnership." American Bank of Oklahoma will operate under its present name until it is merged into BancFirst, which is expected to be in the fourth quarter of 2025. Customers will receive additional information in the coming months to ensure a seamless transition. About BancFirst Corporation BancFirst Corporation is an Oklahoma based financial services holding company with $14 billion in total assets as of 3/31/25. The Company conducts operating activities through its principal subsidiary bank, BancFirst, headquartered in Oklahoma City. BancFirst was ranked in the top 20 on Forbes' list of America's Best Banks of 2025 – the highest rated Oklahoma bank. The Company also owns 100% of BancFirst Insurance Services, an independent insurance agency. BancFirst Corporation is a publicly held company and is listed on the NASDAQ National Market System under the symbol BANF. More information can be found at www.bancfirst.bank. SOURCE BancFirst WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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