BancFirst Corporation Announces Acquisition of SpiritBank

BancFirst (NASDAQ:BANF) agreed to acquire Spirit BankCorp and SpiritBank, a Tulsa-based community bank.

Rhea-AI Summary

BancFirst (NASDAQ:BANF) agreed to acquire Spirit BankCorp and SpiritBank, a Tulsa-based community bank. Spirit has about $939.6 million in assets, $618.4 million in loans, and $847.2 million in deposits. The deal is expected to close in Q4 2026, subject to regulatory approvals.

Positive

• Acquisition adds approximately $939.6 million in total assets from SpiritBank
• Transaction brings about $847.2 million in deposits onto BancFirst’s platform
• SpiritBank contributes around $618.4 million in loans to BancFirst’s portfolio
• Deal expands BancFirst’s presence in Tulsa-area communities Bristow and Sapulpa

Negative

• Closing targeted for Q4 2026 and remains subject to regulatory approvals and customary conditions

Argus Jun 11 session

+0.09% close to close 1.0x rel. volume Open Argus

Details

News Market Reaction – BANF

On Jun 11, the first trading day after this news, BANF closed 0.09% above the previous close.

Data tracked by StockTitan Argus for the Jun 11 session.

Key Figures

SpiritBank total assets: $939.6 million SpiritBank loans: $618.4 million SpiritBank deposits: $847.2 million

SpiritBank total assets

$939.6 million

SpiritBank balance sheet at announcement

SpiritBank loans

$618.4 million

SpiritBank loan portfolio at announcement

SpiritBank deposits

$847.2 million

SpiritBank deposit base at announcement

Previous Acquisition Reports

1 past event · Latest: May 21

Same Type 1 event

1. May 21

   Bank acquisition

   24h Move

   -2.8%

   Announced purchase of American Bank of Oklahoma to expand Northeastern Oklahoma.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

regulatory approvals

1 terms

regulatory approvals regulatory

"The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions."

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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OKLAHOMA CITY, June 10, 2026 /PRNewswire/ -- BancFirst Corporation (NASDAQ: BANF) today announced it has entered into an agreement to acquire Spirit BankCorp, Inc., an Oklahoma corporation and SpiritBank (Spirit), a privately held community bank headquartered in Tulsa, Oklahoma. Spirit has approximately $939.6 million in total assets, $618.4 million in loans, and $847.2 million in deposits. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals and customary closing conditions.

David Harlow, CEO of BancFirst Corporation, commented:
"Oklahoma is our home and we are excited to bring two outstanding communities, Bristow and Sapulpa, into our family. Expanding our Tulsa base is equally valuable."

Rick Harper, President & CEO of Spirit, added:
"We had choices for partners and chose BancFirst because they reflect our own customer and community commitment. This transaction will be a win-win for everyone."

Spirit will operate under its present name until it is merged into BancFirst. Customers will receive additional information in the coming months to ensure a seamless transition.

About BancFirst Corporation

BancFirst Corporation is an Oklahoma based financial services holding company with $15 billion in total assets as of 3/31/26. The Company conducts operating activities through its principal subsidiary bank, BancFirst, headquartered in Oklahoma City. BancFirst was ranked in the top 50 on Forbes' list of America's Best Banks of 2026 – the highest rated Oklahoma bank. The Company also owns 100% of BancFirst Insurance Services, an independent insurance agency. BancFirst Corporation is a publicly held company and is listed on the NASDAQ National Market System under the symbol BANF. More information can be found at www.bancfirst.bank.

View original content:https://www.prnewswire.com/news-releases/bancfirst-corporation-announces-acquisition-of-spiritbank-302797251.html

SOURCE BancFirst

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BancFirst (NASDAQ:BANF) announce about acquiring SpiritBank on June 10, 2026?

BancFirst announced an agreement to acquire Spirit BankCorp and SpiritBank. According to BancFirst, SpiritBank adds about $939.6 million in assets, $618.4 million in loans, and $847.2 million in deposits, strengthening its Oklahoma footprint and Tulsa-area presence.

When is the BancFirst (BANF) acquisition of SpiritBank expected to close?

The acquisition is expected to close in the fourth quarter of 2026. According to BancFirst, completion depends on receiving required regulatory approvals and satisfying customary closing conditions, so the timeline could shift if approvals or conditions are delayed.

How large is SpiritBank in terms of assets, loans, and deposits before the BancFirst (BANF) acquisition?

SpiritBank has approximately $939.6 million in total assets. According to BancFirst, SpiritBank also holds about $618.4 million in loans and $847.2 million in deposits, which will be added to BancFirst’s balance sheet after completion of the transaction.

How will SpiritBank operate after the BancFirst (BANF) acquisition is completed?

SpiritBank will initially continue operating under its current name. According to BancFirst, SpiritBank will do so until it is formally merged into BancFirst, and customers will receive more information to support a smooth transition over the coming months.

What communities and markets does the SpiritBank acquisition add to BancFirst (BANF)?

The deal adds the communities of Bristow and Sapulpa to BancFirst’s network. According to BancFirst, the acquisition also further expands its existing Tulsa base, aligning with its strategy to grow within its home state of Oklahoma and nearby markets.

What does the SpiritBank acquisition mean for BancFirst (BANF) customers and SpiritBank customers?

BancFirst expects a seamless transition for SpiritBank customers. According to BancFirst, customers will receive additional information in the coming months, and SpiritBank will keep its current name until the banks merge, aiming to maintain service continuity and community focus.