BancFirst
{{short description|Oklahoma-based bank}}
{{Infobox company
| name = BancFirst Corporation
| logo = BancFirst_logo.svg
| type = Public
| traded_as = {{NASDAQ|BANF}}
Russell 2000 Component
S&P 600 Component
| foundation = {{start date and age|1966}}
| location_city = Oklahoma City, Oklahoma, U.S.
| key_people = David Rainbolt, chairman
David Harlow, CEO
| industry = Financial services
| products = Banking
| revenue = {{profit}}US$908.7M (FY 2024)[https://www.sec.gov/cgi-bin/browse-edgar?CIK=banf&Find=Search&owner=exclude&action=getcompany BancFirst (BANF) annual SEC income statement filing.]
| net_income = {{profit}}US$216.4M (FY 2024)
| assets = {{increase}}US$13.6B (FY 2024)[https://www.sec.gov/cgi-bin/browse-edgar?CIK=banf&Find=Search&owner=exclude&action=getcompany BancFirst (BANF) annual SEC income statement filing.]
| equity = {{increase}}US$1.6B (FY 2024)
| num_employees = 2135
| market cap =
| parent =
| subsid =
| website = {{URL|http://www.bancfirst.bank/}}
| footnotes =
}}
BancFirst Corporation is an Oklahoma-based financial services holding company. The company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank; and Pegasus Bank and Worthington Bank, both Texas state-chartered banks.
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.Hightower, M. J. (2015). Chapter One: The Early Years. In Loyal to Oklahoma The BancFirst Story (p. 8). Oklahoma City, OK: 2 Cities Press Federal National had $16 million in assets at the time of purchase.Hightower, M. J. (2015). Chapter Two: A Base in Shawnee. In Loyal to Oklahoma The BancFirst Story (p. 11). Oklahoma City, OK: 2 Cities Press. Throughout the 1970s, Rainbolt acquired interests in many rural Oklahoma banks and formed Thunderbird Financial Corporation to assist each bank with management services.Hightower, M. J. (2015). Chapter Five: BancFirst Guthrie. In Loyal to Oklahoma The BancFirst Story (p. 50). Oklahoma City, OK: 2 Cities Press. In 1985, Rainbolt's banks in seven communities were brought under the ownership of United Community Corporation.Hightower, M. J. (2015). Chapter Nine: United Community Corporation. In Loyal to Oklahoma The BancFirst Story (p. 81). Oklahoma City, OK: 2 Cities Press.
On April 1, 1989, BancFirst was formed and established its corporate headquarters in downtown Oklahoma City. Changes in Oklahoma's banking laws that allowed multiple banks to merge in such a fashion were largely due to Rainbolt's efforts to modernize the law.{{citation needed|date=March 2020}}
David Rainbolt became CEO in 1992, and took the company public in 1993 through an initial public offering; BancFirst began trading on the NASDAQ under stock symbol BANF. David Rainbolt became chairman in 2017 after having led the bank through more than 35 bank acquisitions over the years. David Harlow is currently CEO of BancFirst Corporation.
Currently
BancFirst operates in 60 Oklahoma communities in 32 of 77 counties, with over 100 service locations.{{cite web |title=Home |url=http://www.bancfirst.bank/ |website=bancfirst.bank}} The bank has a network of more than 350 ATMs across the state, including in all Oklahoma Walgreens stores.
As of March 31, 2025, BancFirst's assets totaled $14 billion while deposits totaled $12.1 billion.BancFirst Corp. (2025). BancFirst Q1 Earnings Release
References
{{Reflist}}
External links
- [https://www.voicesofoklahoma.com/interview/rainbolt-gene/ Voices of Oklahoma interview.] First-person interview conducted on May 10, 2019, with Gene Rainbolt.
{{Oklahoma City companies}}
Category:Banks based in Oklahoma
Category:Companies based in Oklahoma City
Category:Companies listed on the Nasdaq