September 22, 2026

Federal Reserve Board announces approval of application by BancFirst Corporation

For release at 4:30 p.m. EDT

The Federal Reserve Board announced its official approval on Tuesday afternoon regarding a significant financial sector transaction in the state of Oklahoma. Following a thorough review process, the central banking authority greenlit the application submitted by BancFirst Corporation, headquartered in Oklahoma City, Oklahoma. The approved transaction outlines a comprehensive corporate restructuring and acquisition plan in which BancFirst Corporation will acquire and merge with Spirit BankCorp, Inc., based in Bristow, Oklahoma. As a direct consequence of this merger, BancFirst will also indirectly acquire SpiritBank, a banking institution operating out of Tulsa, Oklahoma.

The regulatory clearance granted by the Federal Reserve Board encompasses multiple tiers of the corporate combination. In addition to approving the holding company-level acquisition of Spirit BankCorp, Inc. by BancFirst Corporation, the Board formally authorized the subsequent bank-level merger. Under this secondary approval, BancFirst, based in Oklahoma City, is permitted to execute a direct merger with SpiritBank. Furthermore, the regulatory authorization empowers BancFirst to establish and operate official banking branches at all existing physical locations previously operated by SpiritBank, ensuring uninterrupted financial service delivery to the communities and customers currently served by the Tulsa-based institution.

This decision marks a notable milestone in the ongoing consolidation and operational evolution of regional banking networks within Oklahoma. Transactions of this nature require rigorous regulatory scrutiny by the Federal Reserve Board to ensure compliance with federal banking laws, consumer protection statutes, and standards designed to maintain safety, soundness, and competitive stability within the relevant financial markets. By securing this crucial approval, BancFirst Corporation clears the final regulatory hurdle necessary to advance its strategic growth objectives through the integration of Spirit BankCorp, Inc. and its subsidiary bank.

The formal announcement, disseminated at 4:30 p.m. Eastern Daylight Time, concludes the current administrative review phase overseen by the Board of Governors of the Federal Reserve System. As standard procedure for significant structural changes involving bank holding companies and state-chartered or national banking subsidiaries, the regulatory findings evaluate potential impacts on local banking competition, financial system stability, and the convenience and needs of the communities to be served by the resulting combined institution. With the Federal Reserve’s consent now a matter of public record, the merging entities are positioned to proceed toward the final execution of their corporate integration plans.

For media inquiries, members of the press and other interested parties are advised to reach out to the designated institutional communication channels provided by the regulatory agency. Inquiries may be directed via email to media contacts or by calling the established public affairs telephone line at (202) 452-2955, where representatives of the Federal Reserve Board can address official questions regarding this regulatory determination and related administrative records.