Company type | Public |
---|---|
Nasdaq: BANF Russell 2000 Component S&P 600 Component | |
Industry | Financial services |
Founded | 1966 |
Headquarters | Oklahoma City, Oklahoma, U.S. |
Key people |
|
Products | Banking |
Revenue | US$237M (FY 2009) [1] |
US$32.6M (FY 2009) [1] | |
Total assets | US$4.42B (FY 2009) [2] |
Total equity | US$431M (FY 2009) [2] |
Number of employees | 1500+ |
Website | www |
BancFirst Corporation, operating under the name BancFirst, is a state-chartered bank in Oklahoma, United States. It has over 100 banking locations serving 60 communities throughout the state of Oklahoma.
The roots of BancFirst date back to 1966, when lead investor and Chairman H.E. "Gene" Rainbolt purchased Federal National Bank in Shawnee, Oklahoma. [3] Federal National had $16 million in assets at the time of purchase. [4] Throughout the 1970s, Rainbolt acquired interests in many rural Oklahoma banks and formed Thunderbird Financial Corporation to assist each bank with management services. [5] In 1985, Rainbolt's banks in seven communities were brought under the ownership of United Community Corporation. [6]
On April 1, 1989, BancFirst was formed and established its corporate headquarters in downtown Oklahoma City. Changes in Oklahoma's banking laws that allowed multiple banks to merge in such a fashion were largely due to Gene Rainbolt's efforts to modernize the law.[ citation needed ]
In 1993, through an initial public offering, BancFirst began trading on the NASDAQ under stock symbol BANF. It has continued to grow through acquisitions.[ which? ]
BancFirst operates in 60 Oklahoma communities in 32 of Oklahoma's 77 counties, with over 100 service locations. [7] The bank has a network of more than 350 ATMs across the state, including in all Walgreens stores in Oklahoma.
As of September 2023, BancFirst's assets totaled $12.1 billion while deposits totaled $10.5 billion. [8] After 25 years as CEO, David Rainbolt became executive chairman of BancFirst Corp. in May 2017, David Harlow was promoted to CEO of BancFirst Corp., and Darryl Schmidt became CEO of the company's primary subsidiary. [9]
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
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The Ambac Financial Group, Inc., generally known as Ambac, is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance to clients in both the public and private sectors globally. Ambac Assurance is a guarantor of public finance and structured finance obligations. Its common stock and common stock purchase warrants are listed on the NYSE under the symbols AMBC and AMBCW respectively. Ambac is regulated by the insurance commission of Wisconsin. It has its headquarters in Lower Manhattan, New York City.
BancNet is a Philippine-based interbank network connecting the ATM networks of local and offshore banks, and the country's single interbank network in the Philippines in terms of the number of member banks and annual transactions. Due to its status as the country's single ATM switch operator, it is designated by the Bangko Sentral ng Pilipinas (BSP) as the country's national ATM network.
KeyBank is an American regional bank headquartered in Cleveland, Ohio, and the 25th largest bank in the United States. Organized under the publicly traded KeyCorp, KeyBank was formed from the 1994 merger of the Cleveland-based Society Corporation, which operated Society National Bank, and the Albany-headquartered KeyCorp. The company today operates over 1,000 branches and 40,000 ATMs, mostly concentrated in the Midwest and Northeast United States, though also operates in the Pacific Northwest as well as in Alaska, Colorado, Texas and Utah.
Seafirst Corporation was an American bank holding company based in Seattle, Washington. Its banking subsidiary, Seafirst Bank, was the largest bank in Washington, with 235 branches and 497 ATMs across the state.
BOK Financial Corporation — pronounced as letters, "B-O-K" — is a financial services holding company headquartered in Tulsa, Oklahoma. Offering a full complement of retail and commercial banking products and services across the American Midwest and Southwest, the company is one of the 50 largest financial services firms in the U.S., and the largest in Oklahoma.
Colonial BancGroup Inc. was a bank holding company headquartered in Montgomery, Alabama, United States that failed in 2009. It was a financial services company that, through its subsidiaries, provided diversified services, including retail and commercial banking, wealth management services, mortgage banking and insurance. The company was in the top 50 largest banks in the US prior to its failure and its subsidiary, Colonial Bank, operated 346 branches in the states of Alabama, Georgia, Florida, Nevada and Texas.
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