Oklahoma City-based BancFirst to acquire Texas-based Worthington National Bank

Oklahoma City-based BancFirst Corp. on Oct. 29 entered into an agreement to acquire Arlington, Texas-based Worthington National Bank, according to a Form 8-K filed by BancFirst.

The transaction is expected to be completed in the first quarter of 2022. The financial terms of the deal were not disclosed in the filing.

Worthington National Bank had about $462.6 million in total assets, $269.0 million in loans and $421.5 million in deposits as of Sept. 30, according to the filing. Upon completion of the deal, the bank will continue to operate as Worthington National Bank under a separate Office of the Comptroller of the Currency charter and will remain an independent subsidiary of BancFirst.

BancFirst intends to provide an appropriate amount of capital or other support to not only increase Worthington National Bank's ability to approve larger loans but also allow the bank to continue to grow its assets.

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