After a three-year drought, BancFirst in Oklahoma City is again making deals.
The $4.6 billion-asset institution, which has acquired more than 20 Oklahoma banks since it opened in 1989, announced its third acquisition deal of the year Thursday.
BancFirst said the new deal, for the $146 million-asset Exchange Bancshares of Moore Inc. in Moore, Okla., would close by the end of the year. The deal it announced July 13 to acquire the $135 million-asset Union Bank of Chandler in Chandler, Okla., is expected to close in September.
The company's purchase of First State Bank in Jones, Okla., on March 5 was its first acquisition in more than three years.
John Rodis, a vice president of research at Howe Barnes Hoefer & Arnett, said BancFirst has been looking for deals, and the recent announcements show that sellers are more interested in offers.
"It certainly sounds like people are having more conversations," he said.
