competitor by yearend for an undisclosed sum.
BancFirst, a $2.2 billion-asset state-chartered banking company, said Friday that it expects to complete the acquisition of $127 million-asset First State Bank in December.
"This is a good match," said David E. Rainbolt, BancFirst's chief executive officer. "It will not only strengthen our branch network in Oklahoma City, it will also complement our existing presence in eastern Oklahoma, Pottawatomie, and Lincoln counties."
The deal conforms to BancFirst's strategy of buying rival financial institutions throughout Oklahoma.
Last year, it bought $92 million-asset Lawton Security Bancshares of Lawton, $526 million-asset AmQuest Financial of Duncan, and $91 million-asset Kingfisher Bancorp in Kingfisher.
-- Craig Woker