BANF Stock Discussion

BancFirst Corporation Description

BancFirst Corporation operates as the holding company for BancFirst that provides commercial banking services to retail customers and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers a range of deposit services, including checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services. It also provides various loan products, such as commercial loans comprising commercial mortgages, asset-based loans, working capital lines of credit, and small business administration guaranteed loans; consumer loans consisting of automobile, residential mortgage, home equity, and other personal loans; and agricultural loans. In addition, the company engages in the investment management and administration of trusts for individuals, corporations, and employee benefit plans, as well as serves as bond trustee and paying agent for various Oklahoma municipalities and governmental entities; and provision of item processing, research, and other correspondent banking services to financial institutions and governmental units. Further, it is involved in real estate investment, insurance agency, and community development businesses; and providing funds transfer, collections, safe deposit boxes, cash management, and retail brokerage services. The company serves customers in non-metropolitan trade centers and cities of Oklahoma. As of April 16, 2013, it had 93 banking locations serving 51 communities in Oklahoma. The company was formerly known as United Community Corporation and changed its name to BancFirst Corporation in November 1988. BancFirst Corporation was founded in 1984 and is headquartered in Oklahoma City, Oklahoma.

Sector: Financial Services
Industry: Banks - Regional - US
Keywords: Investment Management Banking Bank Commercial Banking Commercial Bank Retail Banking Cash Management Loan Products Individual Retirement Account Banking Services Deposit Services Real Estate Investment Community Bank Retail Brokerage Retail Brokerage Services Correspondent Banking Services