| BancFirst Corporation announced that it has entered into an agreement to acquire First Jones Bancorporation, and its subsidiary bank, First State Bank, Jones Oklahoma. First State Bank has approximately $40M in total assets, $11M in loans, $35M in deposits, and $4.6M in equity capital. The acquisition will be accounted for as a purchase. The bank will operate as First State Bank until its systems are merged into the BancFirst system, which is expected to be during Q2 of 2010. The transaction is scheduled to close by December 31, 2009, and is subject to regulatory approval. :theflyonthewall.com |
