BancFirst in Oklahoma City has agreed to buy two banks in its home state.
The $7 billion-asset company said in a press release Thursday that it will buy First Wagoner, the parent of First Bank & Trust, and First Chandler, the holding company for First Bank of Chandler. The deals are expected to close in January.
First Bank has $280 million in assets, $258 million in loans and $244 million in deposits. First Bank of Chandler has $90 million in assets, $82 million in loans and $79 million in deposits.
BancFirst will pay cash and stock for the companies, though it didn’t disclose any prices.
"Wagoner is a thriving county seat community that fits us perfectly, and growing our presence in Chandler and eastern Oklahoma County is attractive as well,” said David Rainbolt, BancFirst’s chairman.