#United States #Oklahoma City #Oklahoma #BancFirst #American Bank

BancFirst Corporation to Acquire American Bank of Oklahoma

On May 21, 2025, BancFirst Corporation (NASDAQ: BANF) made headlines by announcing its agreement to acquire the American Bank of Oklahoma (ABOK), a privately owned community bank located in Collinsville, Oklahoma. This strategic acquisition is part of BancFirst's ongoing effort to strengthen its presence and services in the region.

As of the last assessment, American Bank of Oklahoma holds approximately $385 million in total assets, with $280 million in loans and $320 million in deposits. The transaction is anticipated to close in the third quarter of 2025, pending necessary regulatory approvals and customary closing conditions.

David Harlow, the CEO of BancFirst, expressed enthusiasm about the merger, highlighting the ongoing growth and vitality of Northeastern Oklahoma communities such as Collinsville and Skiatook. He stated, "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."

From the perspective of American Bank of Oklahoma, this merger is seen as a promising opportunity for its customers and employees. Teresa Brown, the President and CEO of ABOK, commented, "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."

For the time being, American Bank of Oklahoma will continue to operate under its existing name until it merges into BancFirst, which is expected to occur in the fourth quarter of 2025. Customers can expect to receive further information in the upcoming months to ensure a smooth transition.

About BancFirst Corporation

BancFirst Corporation, based in Oklahoma City, is a financial services holding company that reported $14 billion in total assets as of March 31, 2025. The company operates primarily through its subsidiary bank, BancFirst, which is recognized for its commitment to providing exceptional banking services. In fact, BancFirst has been ranked among the top 20 on Forbes' list of America's Best Banks of 2025, making it the highest-rated bank in Oklahoma.

In addition to its banking services, BancFirst Corporation owns BancFirst Insurance Services, an independent insurance agency, further broadening its financial offerings. As a publicly traded company, BancFirst Corporation is listed on the NASDAQ under the symbol BANF. Interested individuals can learn more by visiting www.bancfirst.bank.

This acquisition marks an important step for BancFirst Corporation as it continues to enhance its portfolio and strengthen its community relationships in Oklahoma. The combined resources and expertise from both institutions are expected to provide better value and service to customers across the region, reinforcing BancFirst's position as a leader in the community banking sector.