BANF
- BancFirst Corporation
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Overview
Company Summary
BancFirst Corporation, also known as BancFirst, is a business engaged in the banking industry. It operates as a financial holding company, which means it oversees and controls subsidiary banks. BancFirst's primary subsidiary is BancFirst, which is the largest state-chartered bank in Oklahoma.
As a banking company, BancFirst provides a range of financial services to individuals, businesses, and communities. Some of its main offerings include commercial banking, retail banking, trust services, and investment banking. Let's dive into each of these areas:
1. Commercial banking: BancFirst offers various banking services tailored towards businesses and corporations. This includes loans and credit facilities, such as business loans, lines of credit, construction loans, and equipment financing. It also provides cash management solutions, including merchant services, remote deposit capture, and online banking.
2. Retail banking: BancFirst serves individuals and households with a comprehensive suite of retail banking products and services. This includes personal checking and savings accounts, mortgages, consumer loans (such as auto loans and home equity lines of credit), credit cards, and online banking solutions. They also offer wealth management services to help clients plan for their financial future.
3. Trust services: BancFirst provides trust and estate planning services to individuals and families. These services involve managing assets, such as investments and real estate, on behalf of clients. BancFirst's experienced professionals can serve as trustees, executors, and custodians, helping clients with estate planning, trust administration, and other important financial matters.
4. Investment banking: BancFirst engages in investment banking activities, primarily through subsidiary BancFirst Capital Management. This entails assisting clients with underwriting securities issuances, managing mergers and acquisitions, providing financial advisory services, and facilitating capital raising transactions.
In summary, BancFirst Corporation operates as a holding company over a diversified financial services business. Through its subsidiary banks, it offers a range of banking services, including commercial and retail banking, trust services, and investment banking. By providing these services, BancFirst aims to meet the financial needs of its customers and support the economic growth of Oklahoma's communities.