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Article: BancFirst Corporation Announces Agreement to Acquire Kingfisher Bancorp, Inc.
- Article from:
- PR Newswire
- Article date:
- July 27, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKLAHOMA CITY, July 27 /PRNewswire/ -- BancFirst Corporation (Nasdaq: BANF) announced today that it has entered into an agreement to acquire Kingfisher Bancorp, Inc. and its wholly owned subsidiary, Kingfisher Bank and Trust Company. The acquisition will be accounted for as a purchase transaction. At June 30, 1998, Kingfisher Bancorp, Inc. and Kingfisher Bank and Trust had total assets of $89 million, loans of $54 million, deposits of $78 million and equity capital of approximately $9 million.
BancFirst Corporation's CEO, David Rainbolt said, "Kingfisher Bank and Trust has a great Board of Directors that is involved in every aspect of the community and an ...