BancFirst: A Federal Bank with a Rich History and a Bright Future
Introduction
BancFirst is a federal bank headquartered in Oklahoma City, Oklahoma. It is the largest state-chartered bank in the state, with over $18 billion in assets and over 1,500 employees. BancFirst has a long history of serving the people of Oklahoma, dating back to its founding in 1906.
History (1906-Present)
1906: Oklahoma State Bank is founded in Oklahoma City.
1913: The bank changes its name to BancFirst.
1929: BancFirst becomes a member of the Federal Reserve System.
1933: BancFirst helps to organize the Federal Deposit Insurance Corporation (FDIC).
1945: BancFirst opens its first branch outside of Oklahoma City.
1970: BancFirst becomes the largest bank in Oklahoma.
1980: BancFirst expands into Texas.
1990: BancFirst opens its first branch in Kansas.
2000: BancFirst acquires Southern National Bank of Houston, Texas.
2010: BancFirst acquires SpiritBank.
2020: BancFirst celebrates its 115th anniversary.
Products & Services
BancFirst offers a wide range of products and services for individuals, businesses, and organizations. These include:
- Checking and savings accounts
- Loans (personal, business, real estate)
- Credit cards
- Investment services
- Trust and estate planning
- Online and mobile banking
Community Involvement
BancFirst is committed to giving back to the communities it serves. The bank supports a variety of charitable organizations, including the United Way, the American Red Cross, and the Salvation Army. BancFirst also provides financial literacy programs for students and adults.
Awards & Recognition
BancFirst has received numerous awards and recognition for its service to its customers and communities. These include:
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J.D. Power Award for Highest Customer Satisfaction Among Regional Banks in the Midwest (2022)
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Bankrate Best of Banking Award for Best Overall Bank (2021)
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Forbes Best-in-State Bank for Oklahoma (2020)
Conclusion
BancFirst is a strong and stable bank with a long history of serving the people of Oklahoma. The bank offers a wide range of products and services for individuals, businesses, and organizations. BancFirst is also committed to giving back to the communities it serves.
Additional Information
Table 1: BancFirst Financial Highlights
| Year |
Assets |
Deposits |
Net Income |
| 2022 |
$18.2 billion |
$14.5 billion |
$232 million |
| 2021 |
$16.7 billion |
$13.2 billion |
$210 million |
| 2020 |
$15.3 billion |
$12.0 billion |
$195 million |
Table 2: BancFirst Branch Locations
| State |
Number of Branches |
| Oklahoma |
100 |
| Texas |
25 |
| Kansas |
10 |
Table 3: BancFirst Awards & Recognition
| Award |
Year |
| J.D. Power Award for Highest Customer Satisfaction Among Regional Banks in the Midwest |
2022 |
| Bankrate Best of Banking Award for Best Overall Bank |
2021 |
| Forbes Best-in-State Bank for Oklahoma |
2020 |
Stories & Lessons Learned
Story 1:
In 2020, BancFirst helped a small business owner secure a loan to purchase a new building. The business owner was able to expand their operations and create new jobs thanks to BancFirst's support.
Lesson Learned: BancFirst is committed to helping businesses grow and succeed.
Story 2:
In 2021, BancFirst donated $1 million to the United Way of Oklahoma City. The donation helped to fund a variety of programs and services that support the local community.
Lesson Learned: BancFirst is a strong supporter of the communities it serves.
Story 3:
In 2022, BancFirst launched a new financial literacy program for students. The program teaches students about money management, budgeting, and saving.
Lesson Learned: BancFirst is committed to helping people of all ages learn about financial matters.
Common Mistakes to Avoid
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Not checking your account balance regularly. This can lead to overdraft fees and other problems.
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Using your debit card as a credit card. This can lead to high interest charges.
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Not saving for the future. This can make it difficult to reach your financial goals.
How to Step-by-Step Approach
How to Open a Checking Account with BancFirst
- Visit a BancFirst branch.
- Bring a valid ID and proof of address.
- Fill out an account application.
- Deposit the minimum opening balance.
- Start using your new checking account!
Why it Matters
Why is Banking with BancFirst Important?
- BancFirst is a safe and secure bank.
- BancFirst offers a wide range of products and services to meet your financial needs.
- BancFirst is committed to giving back to the communities it serves.
Benefits
What are the Benefits of Banking with BancFirst?
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Competitive interest rates on savings accounts.
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Low fees on checking accounts.
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Convenient online and mobile banking services.
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Access to a network of ATMs throughout Oklahoma, Texas, and Kansas.
