BancFirst has agreed to acquire Exchange Bancshares of Moore and its subsidiary bank, Exchange National Bank of Moore.
The bank will operate under its present name until it is merged into BancFirst, which is expected to be during the second quarter of 2011.
Craig Turner, president of Exchange National Bank, will continue to run the bank, said BancFirst.
Exchange National Bank has approximately $146m in total assets, $57m in loans, $109m in deposits and $13m in equity capital.
BancFirst president and CEO David Rainbolt said that the Exchange National Bank is a wonderful addition to the BancFirst family of community banks.