Fed Approves BancFirst Acquisition of Spirit Bank

The Federal Reserve Board has approved an application by BancFirst Corporation to acquire and merge with Spirit BankCorp, Inc., as well as indirectly acquire SpiritBank. The deal will also allow BancFirst to establish and operate branches at SpiritBank's locations.

The approval comes after a thorough review of the application by the Federal Reserve. While details about the terms of the acquisition are not provided in the source, it is clear that the merger has received regulatory approval.