UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
BANCFIRST CORPORATION
(Exact name of Registrant as Specified in Its Charter)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
BancFirst Enters Into a Purchase and Assumption Agreement with The First National Bank and Trust Company of Vinita, Oklahoma.
On February 19, 2021 BancFirst, a wholly-owned subsidiary of BancFirst Corporation, announced that it entered into a purchase and assumption agreement with The First National Bank and Trust Company of Vinita, Oklahoma to purchase assets and assume the deposits and certain other obligations of The First National Bank and Trust Company of Vinita. A Copy of the related press release is being filed as Exhibit 99.1 to this form 8-K and is incorporated herein by reference in its entirety.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No. Description
104Cover Page Interactive Data File (embedded within the inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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BANCFIRST CORPORATION (Registrant) |
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Date: February 19, 2021 |
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By: |
/s/ Kevin Lawrence |
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Kevin Lawrence |
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Executive Vice President Chief Financial Officer |
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Exhibit 99.1
BANCFIRST CORPORATION ANNOUNCES
THE PURCHASE AND ASSUMPTION OF ASSETS AND LIABILITIES
BancFirst Corporation (NASDAQ GS:BANF) today announced that its subsidiary bank, entered into a purchase and assumption agreement with The First National Bank and Trust Company of Vinita, Oklahoma to purchase assets and assume the deposits and certain other obligations of The First National Bank and Trust Company of Vinita. The First National Bank and Trust Company of Vinita is a nationally chartered bank with banking locations in Vinita and Grove, Oklahoma. These banking locations would become branches of BancFirst. As of December 2020, The First National Bank and Trust Company of Vinita had approximately $285 million in total assets, $209 million in loans, and $258 million in deposits. The purchase and assumption is expected to be completed during the second quarter of 2021 and is subject to regulatory approval.
BancFirst Corporation Executive Chairman David E. Rainbolt stated, “The Ratcliff family has owned this bank since the early 1980s. We are honored they selected us to continue taking care of Craig County. Mark Poole is a known quantity to us and a solid banker. He will continue to run the bank.”
Mark Poole, President and CLO of FNB Vinita, said, “We are excited to continue our long history of banking in the Vinita community. Our new association with BancFirst, the highest rated and strongest bank in the state of Oklahoma, will allow us to better serve our clients and employees long into the future.”
BancFirst Corporation (the Company) is an Oklahoma based financial services holding company. The Company operates two subsidiary banks, BancFirst, an Oklahoma state-chartered bank with 107 banking locations serving 59 communities across Oklahoma, and Pegasus Bank, with 3 banking locations in Dallas, TX. More information can be found at www.bancfirst.bank.
The Company may make forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 with respect to earnings, credit quality, corporate objectives, interest rates and other financial and business matters. Forward-looking statements include estimates and give management’s current expectations or forecasts of future events. The Company cautions readers that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, including economic conditions, the performance of financial markets and interest rates; legislative and regulatory actions and reforms; competition; as well as other factors, all of which change over time. Actual results may differ materially from forward-looking statements.
For additional information call:
Kevin Lawrence, Chief Financial Officer at (405) 270-1003 or
David Rainbolt, Executive Chairman at (405) 270-1002.