BankFirst in Oklahoma City to Buy CSB Bancshares

Community banking

BancFirst in Oklahoma Posts 30% Profit Gain, Beating Estimates

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By Evan Nemeroff

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Credit Worries Nearly Derailed Southwest's Deal for Okla. Bank

A credit review, along with concerns about certain change-in-control agreements, led Southwest Bancorp last summer to terminate a letter of intent to buy First Commercial Bancshares. The banks revisited the deal months later at a lower premium after First Commercial addressed the issues.

By Paul Davis

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Oklahoma Bank Becomes Year's Second Failure

The Oklahoma State Banking Department has closed Bank of Union in El Reno.

By Robert Barba

January 24

BancFirst in Oklahoma City has agreed to buy CSB Bancshares in Yukon, Okla.

The $6.6 billion-asset BancFirst did not disclose financial terms of the deal. It expects to complete the purchase in October, pending regulatory approval.

The $202 million-asset CSB operates four branches of Bank of Commerce in Yukon, Mustang and El Reno, Okla., all located in metropolitan Oklahoma City. CSB holds $139 million in loans, $180 million in deposits and $21 million in equity capital.

Andy Peters

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