The $3 billion-asset BancFirst Corp. of Oklahoma City has agreed to acquire the $44 million-asset Park State Bank of Nicoma Park, Okla.
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The deal, announced last week, is expected to close this quarter. BancFirst did not say how much it would pay.
Joe T. Shockley, BancFirst's chief financial officer, said it was attracted to Park State's strong asset quality. In the first half Park State had $5,000 of net chargeoffs, according to the Federal Deposit Insurance Corp.
BancFirst has not made an acquisition in two years.
