First Fidelity Bank

Last updated
First Fidelity Bank
TypePrivately owned bank
Founded1920
Headquarters Oklahoma City, Oklahoma, United States
Key people
Lee R. Symcox (president)
Total assets $2 billion (2020)
Website www.ffb.com
Footnotes /references
2019 Annual Report

First Fidelity Bank is an American retail bank and financial services corporation which was chartered in Oklahoma in 1920. The bank is a subsidiary of First Fidelity Bancorp, which was founded in 1982. The bank is co-owned by Lee R. Symcox, his wife Suzanne Symcox, Bill Cameron and his sister Lynda Cameron. The bank is headquartered in Oklahoma City, and has 29 branches in Oklahoma, Arizona and Colorado. As of 2020, First Fidelity Bank has $2 billion in total assets.

Contents

History

First Fidelity Bank was founded in 1920 as the First State Bank of Norman. [1] The bank was acquired in 1952 by the Symcox family. [2] In 1981, the bank was chartered as Commercial Bank, National Association. [3]

In 1992, First Fidelity Bank merged with City National Bank. The resulting bank, valued at $240 million, became Oklahoma's fifth largest bank at the time. [4] [5] In 2002, First Fidelity Bank expanded into Tulsa, [6] and the bank opened its doors in Arizona in 2004. [7] By 2006, First Fidelity Bank was ranked as the third largest bank in the Oklahoma City metropolitan area. [8]

First Fidelity Bank continued to grow through a number of acquisitions between 2006 and 2013. The bank acquired Edmond Bank & Trust in 2006 and Western Security Bank in 2007. [9] [10] [11] In 2010, First Fidelity Bank acquired $80 million in deposits from Home National Bank in Arizona. [12] In 2013, First Fidelity Bank acquired Sunrise Bank of Arizona, adding its $202.2 million in total assets. [13]

Operations

First Fidelity Bank is a retail bank headquartered in Oklahoma City, which operates in Oklahoma, Arizona and Colorado. [6] It is a subsidiary of First Fidelity Bancorp, which was founded in 1982. [14] The bank offers checking, deposits, [6] loans, mortgages, insurance, investments and pensions, and as of 2014, it has 30 branch locations. [1] [14] [15] As of 2020, the bank holds more than $2 billion in assets. [16]

The bank was one of the first banks in the United States to launch a mobile deposit application, which it released in 2012. [1] [17] In 2014, the bank announced its intention to partner with Apple Pay. [17]

Corporate

First Fidelity Bank is privately-held bank, whose owners comprise chairman Bill Cameron [18] [19] and his sister Lynda Cameron, in partnership with husband and wife Lee R. Symcox, the bank's president and chief executive officer, [20] [21] and Suzanne Symcox, executive vice president. [22]

First Fidelity Bank became the jersey sponsor of United Soccer League professional men's team Oklahoma City Energy FC in its inaugural 2014 season. [23]

See also

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References

  1. 1 2 3 "First Fidelity Bank launches mobile deposit app". The Edmond Sun. 20 January 2012. Retrieved 3 February 2015.
  2. ↑ Paula Burkes (10 March 2013). "Executive Q&A: Former newspaperwoman finds niche in banking". NewsOK. Retrieved 3 February 2015.
  3. ↑ "Corporate Overview of First Fidelity Bank, N.A." Bloomberg Business. 3 February 2015. Retrieved 3 February 2015.
  4. ↑ Stacy Martin (22 February 1992). "Banks Merge Into Metro's 6th Largest". NewsOK. Retrieved 3 February 2015.
  5. ↑ Ja'Rena Lunsford (10 December 2006). "Q&A with Lee R. Symcox". NewsOK. Retrieved 3 February 2015.
  6. 1 2 3 Ray Carter (25 July 2001). "First Fidelity Bank to enter Tulsa market" . The Journal Record . Retrieved 7 May 2015– via Nexis. The new branch should be operational with full-service banking in September....Poole said the bank's Tulsa branch would focus 'primarily on the business loan market.' First Fidelity intends to build additional branches throughout the Tulsa area in the near future. Officials did not state how many more branches are being considered or when the additional expansions could occur.
  7. ↑ "First Fidelity Bank: Annual Report" (PDF). First Fidelity Bank. 2012. Retrieved 18 February 2015.[ permanent dead link ]
  8. ↑ "Best Places to Work 2014 Winners". OKC.biz. 8 October 2014. Retrieved 3 February 2015.
  9. ↑ "First Fidelity buys Edmond Bank". The Oklahoman. 15 June 2006. Retrieved 3 February 2015.
  10. ↑ Edward Gately (7 October 2007). "Western Security becomes First Fidelity". East Valley Tribune. Retrieved 3 February 2015.
  11. ↑ Don MeCoy (18 November 2006). "First Fidelity to become $1 billion company with Arizona bank purchase". NewsOK. Retrieved 7 May 2015.
  12. ↑ "First Fidelity Bank to acquire former Home National Bank deposits in Arizona". Phoenix Business Journal. 16 July 2010. Retrieved 18 February 2015.
  13. ↑ Curt Prendergast (27 August 2013). "Sun sets on Sunrise Bank of Arizona". Nogales International. Retrieved 3 February 2015.
  14. 1 2 "Company Overview of First Fidelity Bancorp, Inc". Bloomberg Business. 3 February 2015. Retrieved 3 February 2015.
  15. ↑ "Find Us". First Fidelity Bank. Archived from the original on 25 July 2014. Retrieved 3 February 2015.
  16. ↑ "First Fidelity Bank names new office manager". The Edmond Sun. 2014. Retrieved 4 February 2015.
  17. 1 2 "First Fidelity Bank integrates with Apple Pay". The Norman Transcript. 2 November 2014. Retrieved 3 February 2015.
  18. ↑ "Tulsa Shock Owners" . Retrieved 3 February 2015.
  19. ↑ Mindy Kepfield (1 January 1995). "Lee Symcox President, CEO of First Fidelity Bank". The Journal Record.
  20. ↑ Dean Andersen (24 July 2013). "Family affair". OKC.biz. Retrieved 3 February 2015.
  21. ↑ "Norman bank names President". NewsOK. 4 April 1992. Retrieved 7 May 2015.
  22. ↑ Don Mecoy (9 November 2011). "Q&A with Suzanne Symcox, executive vice president of First Fidelity Bank". NewsOK. Retrieved 3 February 2015.
  23. ↑ "OKC Energy FC lands jersey sponsor". Soccer America Daily. Mar 13, 2014. USL PRO expansion team OKC Energy FC has landed First Fidelity Bank as a founding partner and jersey sponsor for its inaugural season.
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