The Federal Reserve Board has approved BancFirst Corporation's proposal to acquire AmeriBank Holding Company, based in Collinsville, Oklahoma. This approval also allows BancFirst to indirectly acquire American Bank of Oklahoma.
According to the Federal Reserve Board, "The Federal Reserve Board on Friday announced its approval of the proposal by BancFirst Corporation, of Oklahoma City, Oklahoma, to acquire AmeriBank Holding Company, and thereby indirectly acquire American Bank of Oklahoma, both of Collinsville, Oklahoma."
This decision follows a review process that considers various factors such as financial stability and competition within the banking sector.