In Brief: Okla.'s First Fidelity Unveils Ariz. Bank Deal

First Fidelity Bancorp in Oklahoma City said Monday that it has a deal to buy the $196 million-asset Western Security Holding Co. in Scottsdale, Ariz.; the price was not disclosed.

The $850 million-asset First Fidelity has one branch in Phoenix, and the deal, expected to close next quarter, would give it four in the Phoenix area. Western Security Bank would operate as an independent subsidiary pending a planned merger into First Fidelity Bank next summer.

Both companies are privately held.