BancFirst Corp. in Oklahoma City announced Wednesday it is acquiring Union National Bancshares Inc.
Through the deal, the $4.5 billion-asset BancFirst will pick up $135 million in assets, including $86 million in loans, from Union National. The purchase is expected to close this quarter, and BancFirst would rebrand Union National's two branches under the BancFirst name in the fourth quarter.
Union National was exceedingly well capitalized as of March 31; noncurrent loans made up 1.45% of its total loans.
In a press release, Ben Walkingstick, chief executive and chairman of Union National, said the merger will give his customers additional services and products.
