First United Bank in Durant, Okla., has agreed to acquire First American Bank in Purcell, Okla.
The financial terms of the deal were not announced. The purchase would strengthen the $2.5 billion-asset First United's presence around Oklahoma City, where the $290 million-asset First American has seven branches.
First United operates 30 branches in Oklahoma and Texas, including three in Oklahoma City, according to the Federal Deposit Insurance Corp.
The acquisition would be the first for First United since it bought the $127 million-asset Southwestern Bank in Oklahoma City in 2005. Its deal for First American is expected to close in early 2015.
First United was advised by the law firm McAfee & Taft. D.A. Davidson served as financial advisor for First American Bank, while Crowe & Dunlevy provided legal counsel.