Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - BANCFIRST CORP /OK/ | v366276_ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported) | January 24, 2014 | |||
|
BANCFIRST CORPORATION | ||||
| (Exact name of registrant as specified in its charter) | ||||
| OKLAHOMA | 0-14384 | 73-1221379 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) | ||
| 101 North Broadway, Oklahoma City, Oklahoma |
73102 | |||
| (Address of principal executive offices) | (Zip Code) | |||
| Registrant’s telephone number, including area code | (405) 270-1086 | |||
|
| ||||
| (Former name or former address, if changed since last report.) | ||||
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): | ||||
| ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||
| ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||
| ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||
| ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||
Item 7.01 Regulation FD Disclosure
On January 24, 2014, BancFirst, a wholly-owned subsidiary of BancFirst Corporation, announced that it had entered into a purchase and assumption agreement, without loss sharing, with the Federal Deposit Insurance Corporation (FDIC), to assume all of the deposits and purchase certain assets of The Bank of Union, El Reno, Oklahoma (“The Bank of Union”). The Bank of Union was closed on that day by the Oklahoma State Banking Department.
At the time of the closing, The Bank of Union had total deposits of approximately $302 million that were assumed by BancFirst. BancFirst initially purchased approximately $121 million of loans, the majority of which were classified as performing, $4.8 million of securities, and only $10,000 of other real estate. Its bid included a discount for the loans purchased and no material amount of gain is expected to be recognized. A copy of the purchase and assumption agreement is available on the FDIC’s web site.
BancFirst had bid on, but was generally not awarded, loans that were classified as nonperforming.
A copy of BancFirst’s press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
| (c) | Exhibits. | |
| Exhibit No. | Description | |
| 99.1 | Press Release, dated January 24, 2014, issued by BancFirst titled “BancFirst Assumes Operations of the former Bank of Union in El Reno, Oklahoma.” |
.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BANCFIRST CORPORATION | |
| (Registrant) | |
| Date: January 27, 2014 | /s/ Randy P. Foraker |
| (Signature) | |
| Randy P. Foraker | |
| Executive Vice President | |
| Chief Risk Officer and | |
| Interim Chief Financial Officer | |
| (Principal Accounting and Financial Officer) |