Brief: BancFirst Corp Acquired Pegasus Bank For $123.5 Mln

BancFirst

15/08/2019 16:39

Aug 15 (Reuters) - BancFirst Corp  BANF.O :
    * BANCFIRST CORP - ON AUGUST 15, BANCFIRST CORPORATION
ACQUIRED
PEGASUS BANK  FOR AN AGGREGATE CASH PURCHASE PRICE OF $123.5
MILLION
    * BANK WILL CONTINUE TO OPERATE AS "PEGASUS BANK" UNDER A
SEPARATE
TEXAS CHARTER AND REMAIN AN INDEPENDENT SUBSIDIARY OF BANCFIRST
CORP
    * INTENDS TO PROVIDE APPROPRIATE AMOUNT OF CAPITAL TO
INCREASE
PEGASUS BANK'S ABILITY TO APPROVE LARGER LOANS

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 ((Reuters.Briefs@thomsonreuters.com;))