Oklahoma City-based BancFirst Corp. agreed to purchase FBC Financial Corp. and its subsidiary, 1st Bank Oklahoma, The Associated Press reports.
The agreement announced Thursday did not disclose terms of the acquisition.
BancFirst Corp. is the parent company of BancFirst — Oklahoma’s largest state-chartered bank with 89 banks in 50 communities and total assets of $5.1 billion. 1st Bank Oklahoma has banks in Claremore, Verdigris, Tulsa and Inola and about $256 million in total assets.
The transaction is subject to approval by regulators and is expected to be completed in July.
