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BancFirst closes Pegasus Bank acquisition for $123.5M

Oklahoma City-based BancFirst Corp. closed its acquisition of Dallas-based Pegasus Bank for $123.5 million.

Pegasus Bank will be an independent subsidiary governed by its current board of directors, and it will continue to operate under its own separate Texas banking charter.

Based on S&P Global Market Intelligence calculations, BancFirst will enter Dallas County, Texas, with three branches to be ranked No. 25 with a 0.33% share of approximately $183.42 billion in total market deposits.