BancFirst

#3025

Rank

$3.95B

Marketcap

United States

Country

Leadership team

Mr. David E. Rainbolt (Exec. Chairman)

Mr. David R. Harlow (Pres, CEO & Director)

Mr. Kevin Lawrence (Exec. VP, CFO & Treasurer)

Products/ Services

Banking, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Oklahoma City, Oklahoma, United States

Established

1966

Company Registration

SEC CIK number: 0000760498

Net Income

100M - 500M

Revenue

500M - 1B

Traded as

BANF

URL

https://www.bancfirst.bank

Overview

Location

Recognition and Award

References

Summary

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides commercial, financial, and other loans for working capital, facilities acquisition or expansion, purchase of equipment, and other needs; lending services that include private banking, energy, commercial and residential real estate, and commercial and industrial loans; and loans to finance purchases of consumer goods, such as automobiles, boats, household goods, vacations, and education. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as bond trustee and paying agent business for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services. Further, it is involved in real estate investment and insurance agency services; and providing funds transfer, collection, safe deposit box, cash management, and other services. The company serves customers in non-metropolitan trade centers and cities in the metropolitan statistical areas of Oklahoma. It operates through 108 banking locations in Oklahoma and 3 banking locations in Dallas, Texas. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was incorporated in 1984 and is headquartered in Oklahoma City, Oklahoma.

History

The roots of BancFirst date back to 1966 when lead investor and Chairman H.E. "Gene" Rainbolt purchased Federal National Bank in Shawnee, Oklahoma. Federal National had $16 million in assets at the time of purchase. Throughout the '70's, Rainbolt acquired interests in many rural Oklahoma banks and formed Thunderbird Financial Corporation to assist each bank with management services. In 1985, Rainbolt's banks in seven communities were brought under the ownership of United Community Corporation.On April 1, 1989, BancFirst was formed and established their corporate headquarters in downtown Oklahoma City. The law changes which allowed multiple banks to merge in such a fashion were largely due to Gene Rainbolt's efforts to modernize Oklahoma's archaic banking laws.In 1993, through an initial public offering, BancFirst began trading on the NASDAQ under stock symbol BANF. They have continued to grow through acquisitions. On January 24, 2014, BancFirst acquired the failed Bank of Union in El Reno, Oklahoma after the FDIC appointed them as receiver.

Mission

To be Oklahoma’s premier community bank, we build relationships, create shareholder value and promote economic growth.

Vision

Through integrity, responsiveness, and creativity, BancFirst will provide competitive financial solutions.

Key Team

Mr. Randy P. Foraker (Exec. VP, Chief Risk Officer & Sec.)

Mr. Brian Wade Pierson (Sr. VP & Assistant Sec.)

Mr. T. Kent Faison (Pres of Commercial Capital)

Ms. Jennifer C. Weast (Sr. VP & Controller)

Harry M. Smith (Pres of Pegasus Bank)

Mr. Roy C. Ferguson (Exec. VP & Chief Credit Officer of BancFirst)

Ms. Laura J. Ratliff (Advisory Director)

Recognition and Awards

BancFirst has been consistently rated Best Bank in Oklahoma by readers of The Oklahoman. The company has been recognized as a Top Bank in Oklahoma by Forbes and has also been recognized by American Banker as a top performer.