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Article: BancFirst Corp. Plans Merger with Commerce

Article from:
THE JOURNAL RECORD
Article date:
June 22, 1995
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Commerce Bancorporation Inc. of McLoud, Okla., will be merged into BancFirst Corp. of Oklahoma City.

Under terms of the agreement revealed Wednesday, 156,510 shares of BancFirst common stock would be issued for the 22,573 shares of Commerce common stock currently outstanding.

The merger is subject to the results of due diligence review and regulatory approvals and is expected to be completed in mid-1996.

Commerce is a BancFirst affiliate. It is owned by three BancFirst executives: H.E. Rainbolt, chairman; David Rainbolt, chief executive officer; and Les Greathouse, vice chairman of loan administration.

Greathouse is retiring from his position, which will be assumed by Robert ...

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