#United States #Acquisition #Oklahoma City #BancFirst #SpiritBank

BancFirst Corporation and SpiritBank: A Strategic Union

On June 10, 2026, BancFirst Corporation (NASDAQ: BANF) revealed its plans to acquire Spirit BankCorp, Inc., marking a significant expansion for BancFirst in Oklahoma. The acquisition involves SpiritBank, a community bank based in Tulsa, Oklahoma, with total assets amounting to approximately $939.6 million, including $618.4 million in loans and deposits of $847.2 million.

The anticipated closure of this transaction is set for the fourth quarter of 2026, pending necessary regulatory approvals and standard closing conditions.

A Focus on Community and Commitment

David Harlow, the CEO of BancFirst Corporation, expressed enthusiasm for this acquisition, emphasizing that Oklahoma is their home. He highlighted the value of integrating Bristow and Sapulpa into the BancFirst family while expanding services in Tulsa. This move signifies BancFirst’s dedication to enhancing local financial services and fostering community ties.

Conversely, Rick Harper, President and CEO of Spirit, acknowledged the deliberate choice to partner with BancFirst. He stressed the shared values of commitment to customers and community welfare, suggesting that this collaboration is mutually beneficial.

After the merger, Spirit will continue to operate under its established name until the integration is finalized. The leadership anticipates that customers will be kept informed to ensure a seamless transition during this period.

BancFirst: A Financial Backbone of Oklahoma

BancFirst Corporation operates predominantly through its main subsidiary, BancFirst, which holds a prominent position as a financial services provider in Oklahoma, boasting total assets of $15 billion as of March 31, 2026. Notably, BancFirst ranked among the top 50 on Forbes’ list of America's Best Banks of 2026, marking it as the highest-rated bank in the Oklahoma region. Additionally, BancFirst owns BancFirst Insurance Services, emphasizing its comprehensive approach to financial solutions.

The acquisition aims not just to consolidate assets but also to create a broader sphere of influence in the region, fostering an environment for economic growth and community development. By bringing additional resources and services to the communities of Bristow, Sapulpa, and Tulsa, BancFirst is poised to make a substantial impact on the local economies.

In conclusion, the acquisition of SpiritBank by BancFirst Corporation is a promising development for the banking sector in Oklahoma. With combined strengths and a commitment to community service at the forefront, both entities are positioned to create a powerful financial partnership that can enhance customer experiences and contribute to the local economy's vitality.

As the merger progresses, stakeholders and clients can look forward to a future where both organizations work collaboratively to achieve greater financial accessibility and community engagement.