BancFirst receives Fed approval to acquire AmeriBank Holding Company

The Federal Reserve Board approved BancFirst Corporation's proposal to acquire AmeriBank Holding Company and its subsidiary American Bank of Oklahoma, according to a Friday announcement. BancFirst Corporation is based in Oklahoma City, while AmeriBank Holding Company and American Bank of Oklahoma are both located in Collinsville, Oklahoma.

The acquisition will give BancFirst indirect control of American Bank of Oklahoma through its purchase of the parent holding company. The Federal Reserve's approval represents the completion of the regulatory review process for the transaction.

Financial terms of the acquisition were not disclosed in the Federal Reserve's announcement. The approval allows BancFirst to proceed with the transaction following the central bank's regulatory assessment.

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