StockNews.AI
BANF
StockNews.AI
90 days

BancFirst Corporation Announces Acquisition of American Bank of Oklahoma

1. BancFirst Corporation is acquiring American Bank of Oklahoma. 2. ABOK has $385 million in total assets and $320 million in deposits. 3. The acquisition will close in Q3 2025, pending regulatory approvals. 4. Both banks share values and commitment to local service. 5. BancFirst ranks among America's Best Banks of 2025.

M&A
-3.79%Current Return
VS
-1.33%S&P 500
$129.5405/21 09:06 AM EDTEvent Start
$124.6305/22 03:50 PM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Bullish?

The acquisition signals growth and expansion, typically leading to positive stock performance. Historically, strategic acquisitions often boost stock values when they align with company growth objectives.

How important is it?

The acquisition enhances BancFirst's market position and asset base significantly, influencing investor sentiment positively.

Why Long Term?

The full benefits of the acquisition will realize post-integration, expected in late 2025. Long-term growth is likely as BancFirst expands its market presence.

Related Companies

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

Related News