BancFirst, Oklahoma City, Oklahoma, Assumes All of the Deposits of The Bank of Union, El Reno, Oklahoma — 2014-01-24

The Bank of Union, El Reno, Oklahoma, was closed today by the Oklahoma State Banking Department, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with BancFirst, Oklahoma City, Oklahoma, to assume all of the deposits of The Bank of Union. The two branches of The Bank of Union will reopen as branches of BancFirst during their normal business hours. Depositors of The Bank of Union will automatically become depositors of BancFirst. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.