BancFirst in Oklahoma City has agreed to buy American Bank of Oklahoma in Collinsville.
The $14 billion-asset BancFirst said in a press release that it expects to buy the $320 million-asset American Bank in the third quarter. The price wasn’t disclosed.
“Collinsville and Skiatook are thriving communities that continue to experience dynamic growth in northeastern Oklahoma,” David Harlow, BancFirst’s CEO, said in the release. “This acquisition aligns with our continued commitment to serving communities here in our home state.”
“Joining forces with BancFirst represents a great opportunity for our customers and employees to join one of the strongest banks in the country,” Teresa Brown, American Bank’s president and CEO, said in the release. “We share common values and a commitment to local service, and we look forward to the partnership.”