BancFirst
| Company type | Public |
|---|---|
| Industry | Financial services |
| Predecessor | United Community Corporation |
| Founded | April 1, 1989 in Oklahoma City, Oklahoma, United States |
| Founder | H.E. "Gene" Rainbolt |
| Headquarters | Oklahoma City , United States |
Area served | Oklahoma, Texas |
Key people | David Harlow (CEO), David Rainbolt (Chairman) |
| Products | Banking services |
| Website | www |
BancFirst Corporation is a financial services holding company headquartered in Oklahoma, overseeing three subsidiary banks: BancFirst (chartered by the state of Oklahoma), Pegasus Bank, and Worthington Bank (both chartered in Texas).
History
The foundation of BancFirst dates back to 1966 when H.E. "Gene" Rainbolt, the primary investor and Chairman, acquired Federal National Bank located in Shawnee, Oklahoma, which held $16 million in assets at that time. During the 1970s, Rainbolt expanded his holdings by purchasing interests in several rural banks across Oklahoma and established Thunderbird Financial Corporation to manage these institutions. By 1985, the banks operating in seven different communities were unified under the name United Community Corporation.
Following legislative changes in Oklahoma banking laws that enabled multi-bank mergers—a development largely influenced by Rainbolt—BancFirst was officially formed on April 1, 1989, with its main office situated in downtown Oklahoma City.
In 1992, David Rainbolt assumed the role of CEO and subsequently guided BancFirst through its initial public offering on NASDAQ in 1993 under the ticker BANF. Having directed more than 35 bank acquisitions during his tenure, he transitioned to chairman in 2017. The current CEO of BancFirst Corporation is David Harlow.
Currently
BancFirst serves 60 communities within 32 counties throughout Oklahoma and operates over 100 branch locations. Its ATM network comprises more than 350 machines statewide, including placements at all Walgreens stores within Oklahoma.
As reported on March 31, 2025, BancFirst's total assets amounted to $14 billion, with deposits reaching $12.1 billion.
External links
- Voices of Oklahoma interview. A first-person interview conducted on May 10, 2019, featuring Gene Rainbolt.