BancFirst completes purchase of Texas-based Worthington National Bank

Oklahoma City-based BancFirst Corp. completed its acquisition of Arlington, Texas-based Worthington National Bank for an aggregate cash purchase price of $77.7 million.

Worthington is chartered and regulated by the Office of the Comptroller of the Currency. The lender has three locations in Texas: one each in Arlington and Colleyville, and two in Fort Worth. The bank had about $481.1 million in total assets, $264.6 million in loans and $441.1 million in deposits as of Dec. 31, 2021.

Governed by its existing board of directors, Worthington will retain its current branding as it operates as a wholly owned subsidiary of BancFirst, according to a Form 8-K filing.

BancFirst intends to provide an appropriate amount of capital or other support to increase Worthington's ability to approve larger loans and grow its assets.