BancFirst Corp

BancFirst Corporation is a bank holding company for BancFirst, a state chartered bank in Oklahoma.  Its headquarters are in Oklahoma City.  BancFirst Corporation also owns 73% of Century Life Assurance Company, also an Oklahoma based company, and 100% of Council Oak Partners LLC, an Oklahoma based Investment Company.   BancFirst is the largest state chartered bank in Oklahoma having over 100 locations in 43 Oklahoma communities.  BancFirst Corporation’s key officers are David E. Rainbolt, Chief Executive Officer, President, Director and Member of the Executive Committee; William O. Johnstone, Vice Chairman; and Dennis L. Brand, Chief Operating Officer and Executive Vice President.  First Banc Corporation has assets of $15620 million and posted a pretax profit of $221 million in 2005.  BancFirst Corporation employs approximately 1375 people.  BancFirst Corporation was incorporated in July of 1984.  In 1985 it merged with seven other Oklahoma banks and over the next several years continued to acquire additional banks and bank holding companies until reaching its present state.

BancFirst Mortgage Options

BancFirst offers a variety of mortgage types.  Conventional Fixed rate mortgages with terms from 10 to 30 years are offered. If the down payment is under 20% of purchase price Private Mortgage Insurance (PMI) is required.  Adjustable rate loans are also offered by BancFirst Corp.  These types of loans offer a lower introductory rate  (fixed for 1 to 10 years) and will then adjust the rate to reflect market conditions.  FHA and VA loans are also offered.  These loans are insured by the Federal Housing Authority and the Department of Veteran Affairs, respectively and typically require lower (or no) down payment and feature less stringent financial and income requirements.  These loans are available in fixed 15 and 30 year terms and various adjustable rate products.   Construction loans are also available.

BancFirst Corporation has many innovative funding options.  They include low and no down payment options, financed closing costs, easy qualification, secondary income allowed, stated income options for those with hard to document incomes, reduced documentation to streamline the loan process and relaxed guidelines for those with less than perfect credit.  Vacation home/second home funding is also available.  BancFirst will work with its clients to provide the best funding options available.

BancFirst Banking Options

BancFirst provides the full range of banking services to retail customers and small to medium sized businesses.   While operating within the company’s strategic parameters each branch of BancFirst is able to make its own underwriting, funding and customer service decisions.  This enables BancFirst Corporation to maintain it’s commitment to community relations.  BancFirst focuses on meeting the needs of local businesses not served by the  larger institutions.  BancFirst also views it as a primary responsibility to protect the privacy of its customers.

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.