BancFirst Corporation Announces Acquisition of FBC Financial Corporation

BancFirst Corporation BANF today announced that it has completed the previously announced acquisition of FBC Financial Corporation and its subsidiary bank, 1st Bank Oklahoma with banking locations in Claremore, Verdigris, Tulsa and Inola, Oklahoma. 1st Bank Oklahoma has approximately $256 million in total assets, $117 million in loans, $187 million in deposits, and $24 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 first quarter of 2012.