BancFirst Corporation Completes Acquisition of Exchange Bancshares of Moore

BancFirst Corporation BANF today announced that it has completed the previously announced acquisition of Exchange Bancshares of Moore, Inc., and its subsidiary bank, Exchange National Bank of Moore. Exchange National Bank of Moore has approximately $146 million in total assets, $57 million in loans, $109 million in deposits, and $13 million in equity capital. The acquisition will be accounted for under the acquisition method. The bank will operate under its present name until it is merged into BancFirst, which is expected to be during the second quarter of 2011.