BancFirst in Oklahoma City has agreed to buy Worthington National Bank in Arlington, Texas.
The $11 billion-asset BancFirst disclosed in a regulatory filing Monday that it expects to buy the $463 million-asset Worthington in the first quarter. BancFirst did not disclose the price it will pay.
Worthington has four branches, $269 million of loans and $421.5 million of deposits.
BancFirst said Worthington would continue to operate under its brand and would keep its charter with the Office of the Comptroller of the Currency. Worthington would remain an independent unit of BancFirst governed by its existing board.
BancFirst said it plans “to provide an appropriate amount of capital or other support to increase Worthington’s ability to approve larger loans and allow Worthington to continue to grow their assets.”