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BancFirst Corporation

Type	Public (NASDAQ: BANF)
Founded	1966
Headquarters	Oklahoma City, Oklahoma USA
Key people	Gene Rainbolt, David Rainbolt, Principla Shareholders
Industry	Financial Services
Products	Banking
Net income	USD (2005)
Employees	1500+
Website	www.bancfirst.com

BancFirst Corporation is a state chartered bank in Oklahoma. In 2008, it was in 46 Oklahoma communities, and was the largest state chartered bank in Oklahoma.

History

BancFirst was founded in 1966 when current owner 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 ‘70s and ‘80s Rainbolt acquired interests in many 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. Two years later, Rainbolt acquired five additional banks, each in separate communities, marking the beginning of a statewide organization.

In 1989, Rainbolt consolidate his twelve banks under a single state charter, and officially named his company BancFirst, and opened his corporate office in Oklahoma City, the largest city in Oklahoma. The first public offering of BancFirst stock was in 1993 on the NASDAQ. BancFirst’s trading symbol is BANF. By 1994, Rainbolt had expanded into Tulsa, the second largest market in Oklahoma.

Currently

BancFirst continues to grow today through branch expansion and acquiring smaller banks. Currently, BancFirst has 119 service locations, 83 staffed offices, 72 offices with ATMs, 36 stand-alone ATMs, 104+ total ATMs, 200+ free ATMs at Quik Trip, 7-11 stores, and Walgreen’s drug stores.

It is the third largest bank in Oklahoma behind Bank of Oklahoma and Midfirst Bank. BancFirst is also the largest state chartered bank in Oklahoma.

During the financial crisis of late 2008, BancFirst was virtually unaffected. In a study released by the Bank Director magazine in the 4th quarter of 2007, BancFirst was listed as the 17th strongest bank in the country. The following year, the 2009 edition of Bank Director magazine had improved their ranking of BancFirst all the way up to 11th strongest bank in the U.S.

According to rankabank.com, BancFirst's assets total $3,822,686,000, while deposits total $3,382,129,000

BancFirst’s Mission Statement

BancFirst is an Oklahoma financial
institution meeting its customers’ needs
through highly trained and motivated
employees, personalized service and
community focus thus creating longterm
value for its shareholders.

References

http://www.rankabank.com/BankRankResults.asp?STATE=Oklahoma
Executive Orientation Presentation by Jay Hannah