BancFirst Corporation Announces Agreement to Acquire FBC Financial Corporation (BANF)

BancFirst Corporation BANF today announced that it has entered into an agreement to acquire 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 transaction is scheduled to be completed during July 2011, and is subject to regulatory approval. The bank will operate under its present name until it is merged into BancFirst, which is expected to be during the first half of 2012.