BancFirst is headquartered in Oklahoma City and is the 4th largest bank in the state of Oklahoma. It is also the 156th largest bank in the nation. It was established in 1989 and as of June of 2022, it had grown to 1,843 employees at 119 locations. BancFirst has an A health rating.
Overall Good
They're pretty good, lost my wallet, and they were extremely helpful in getting my new account set up. When something posted to my old account (even a year later) they were able to transfer it immediately.
They often have free cans of soda-pop on hot days, suckers for the kids, and treats for the pets, which is nice. I've never had an overdraft, so I can't tell you how their insufficient funds policy works.
They have low interest rates for loans, but are very conservative, so you will need a spotless credit to work with them or you may not get approved for as much as you need. I know someone who says their small business loan is sinking with BancFirst, and they wish they would have went elsewhere, but I am not wealthy and have a simple, free-checking account for students.
I'm pretty pleased with the staff, yet caution that they are a bit more like a "big bank" which seems to be the unpopular trend right now. Being that they are Oklahoma ran, however, I think that's nothing to be concerned with.
An added perk is they have ATM's located at all the Walgreens stores throughout the state! Even in rural areas in the panhandle and Woodward! For my needs, a five star, but to each his/her own!
Bancfirst Oklahoma
BancFirst advertises itself as a "neighborhood" bank, and that's how I have always thought of them. I have had a checking account with them since 1982, with my military pay and later my retirement pay being automatically credited to my account every month, with absolutely no problems. Several years ago my account was hacked, and someone tried to cash a check on my account at several places, they quickly found the problem and took care of it. Their tellers are always friendly. I once brought in my "piggy bank," change I had collected over several years. It was over $400 in change, but they ran it through their machine and credited it to may account right there. In short, I have always been happy to be a customer of this bank.
Not Following The Legal Wishes Of Their Customer
The people at the bank have always friendly, however they do not follow the law or their own policy when it comes to dispersing funds upon death. There is a co-owner and Payable on Death for an account that was executed by the original owner of the account. A guardianship expires upon the death or release of the ward from guardianship. At that time the ownership reverts back to the owner or ward. Their attorneys refused to release the funds to either the co-owner or the Payable on Death even though our estate attorney said they are not part of the estate and their paperwork is in agreement. Keep in mind, there are 5 accounts and only 1 account is in question and it is the account with the least amount of funds.
WTF Is With The Availble Funds?
My friend just checked his money on my pc and I seen that his amount he had available was small as ^%$* I was wondering is that just to mess people up in their actual money available? This just seems like if I was 90 years old I would not be able to see what I actually have to spend..
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27476 |
| Year Established | 1989 |
| Employees | 1843 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 14.72% |
| Annual Interest Income | $145.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $10.54B$9.96B |
| Loans | Q2 2022vs Q2 2021 | $5.41B$5.54B |
| Deposits | Q2 2022vs Q2 2021 | $9.43B$8.93B |
| Equity Capital | Q2 2022vs Q2 2021 | $1.00B$971.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $76.7MM$79.4MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $15.4MM$27.7MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $38.9MM$39.9MM |
