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BancFirst Corporation
BancFirst Corporation

Financial services / Banking and Financial Services

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Overview
BancFirst Corporation is a financial services company based in Oklahoma City, Oklahoma. It was founded in 1966 and has since grown to become the largest state-chartered bank in Oklahoma. BancFirst provides a range of banking and financial products and services to individuals, businesses, and communities in Oklahoma and surrounding states.
One of the key factors in BancFirst's success is its focus on building strong relationships with its customers. The company prides itself on providing personalized, hometown service while also offering the latest in banking technology and tools.
BancFirst operates over 100 banking locations throughout Oklahoma, as well as branches in Texas and Kansas. The company also offers a range of online and mobile banking options for its customers.
In addition to traditional banking services such as checking and savings accounts, loans, and credit cards, BancFirst also offers investment services, insurance products, and wealth management services for individuals and businesses.
BancFirst is committed to giving back to the communities it serves and has a strong philanthropic presence, supporting various charities and organizations in the areas where it operates. The company also has a strong focus on sustainability and has implemented initiatives to reduce its environmental impact.
Overall, BancFirst remains a strong presence in the Oklahoma banking industry, providing reliable and innovative financial services to its customers while also giving back to the community.
What is special about the company?
1. Strong Community Focus: BancFirst Corporation has a strong commitment to the communities it serves, investing in local organizations and events, and encouraging its employees to volunteer and give back.
2. Longstanding History: The company was established in 1966, and has since grown to become one of the largest state-chartered banks in Oklahoma, with a history of providing reliable and trustworthy financial services.
3. Financial Stability: BancFirst Corporation has consistently received top ratings from financial institutions, reflecting its stability and strong financial performance.
4. Diversified Financial Services: In addition to traditional banking services, BancFirst Corporation also offers a wide range of financial services such as wealth management, insurance, and investment services, providing customers with a one-stop shop for their financial needs.
5. Innovative Technology: The company has a strong focus on leveraging technology to enhance its customer experience, offering online and mobile banking services, as well as innovative products such as Zelle, a digital payment platform.
6. Customer Satisfaction: BancFirst Corporation has a reputation for providing exceptional customer service, with a team of knowledgeable and friendly employees dedicated to meeting the financial needs of their customers.
7. Corporate Social Responsibility: The company is committed to being a responsible corporate citizen, implementing sustainable and environmentally-friendly practices, and supporting local initiatives and charities.
8. Strong Leadership: BancFirst Corporation's leadership team has a deep understanding of the banking industry and a proven track record of successful management, ensuring the company's continued growth and success.
9. Employee Satisfaction: The company has been recognized as a top employer in various industry publications, reflecting its commitment to creating a positive and rewarding work environment for its employees.
10. Expansion and Growth: Despite its strong focus on community banking, BancFirst Corporation has expanded its operations to other states and continues to grow through strategic acquisitions, making it a strong and competitive player in the banking industry.
What the company's business model?
BancFirst Corporation is a financial services company that operates as a holding company for BancFirst, a state-chartered bank based in Oklahoma. The company's business model focuses on providing a wide range of banking and financial services to individuals, businesses, and communities in Oklahoma. These services include personal and business banking, wealth management, mortgage loans, and insurance services.
BancFirst's business model is centered around building long-term relationships with its customers and providing personalized and responsive services to meet their financial needs. The company also emphasizes strong community involvement and support through various philanthropic efforts, such as donations to local charities and organizations.
BancFirst's revenue primarily comes from interest income on loans and investments, as well as fees and commissions from various banking and financial services. The company also generates income from its investment portfolio and strategic partnerships with other financial institutions.
BancFirst's business model has allowed the company to become one of the largest banks in Oklahoma and expand its operations to over 100 locations across the state. By focusing on customer service, community involvement, and diversified revenue streams, BancFirst continues to provide stable and profitable growth for its shareholders.
Interesting facts about the company
1. BancFirst Corporation is a financial services holding company based in Oklahoma City, Oklahoma. It is the largest state-chartered bank in Oklahoma and is the ninth largest bank in the state by assets.
2. The company was founded in 1966 by Gene Rainbolt and a group of local businessmen. Its original name was United Community Corporation, and it was headquartered in Hinton, Oklahoma.
3. In 1984, the company changed its name to BancFirst Corporation and moved its headquarters to Oklahoma City. Today, it operates over 100 branch locations across Oklahoma and has over $8 billion in assets.
4. BancFirst is a publicly traded company, listed on the NASDAQ under the ticker symbol BANF. Its stock has consistently performed well, with a 10-year average return on equity of over 14%.
5. In addition to traditional banking services, BancFirst also offers trust and investment services, insurance products, and mortgage services.
6. The company has a strong commitment to its local communities and is actively involved in supporting charities and community organizations. Each year, BancFirst donates over $10 million to charitable organizations and its employees volunteer over 50,000 hours of community service.
7. BancFirst has been recognized for its outstanding customer service, receiving numerous awards and accolades from various publications and organizations. In 2018, it was named the Best Bank in Oklahoma by Forbes Magazine.
8. The company has a unique ownership structure, with over 1,800 shareholders who are all residents of Oklahoma. This allows BancFirst to remain a locally-owned and operated bank, dedicated to serving the needs of its communities.
9. In 2011, BancFirst Corporation was named one of the 100 Most Trustworthy Companies in America by Forbes Magazine. This honor recognizes companies with transparent and conservative accounting practices, strong governance, and solid financial health.
10. BancFirst Corporation has a strong commitment to sustainability and has implemented various environmentally-friendly practices, such as converting its branches to energy-efficient lighting and implementing paperless processes. In 2019, the company was recognized by the National Association of Counties as a Green Business Partner for its sustainability efforts.
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