MidFirst to enter Colorado with bank purchase

Daily Oklahoman (Oklahoma City) |

June 26--MidFirst Bank will make its first forray into Colorado with the acquisition of the Denver-based community bank Steele Street Bank & Trust.

Steel Street has three branches in the Denver area and had assets of more than $525 million, deposits of $469 million and about $600 million assets under management as of March 31.

The acquisition will allow MidFirst to expand its footprint into a new state, said MidFirst spokesman Grant Griswold. With the purchase, MidFirst will have branches in Arizona, Oklahoma and Colorado, along with its commercial lending offices in Atlanta, Dallas, Houston, New York and Southern California.

MidFirst on Thursdayannounced the acquisition, which is expected to close in the first quarter of 2015, subject to shareholder and regulatory approval.

The terms of the sale were not disclosed.

"Our acquisition of Steele Street Bank & Trust allows us to enter one of the most dynamic markets in the country, and one that is deeply rooted within our company's ownership," said MidFirst Chairman and CEO Jeff Records in a statement. "We remain committed to our founding vision of providing customers with the best products and service. We are excited to work with one of Colorado's most respected and valuable banking teams to create rewarding opportunities for Steele Street customers."


(c)2014 The Oklahoman

Visit The Oklahoman at www.newsok.com

Distributed by MCT Information Services

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Symbol Name Price Change % Volume
WPWR Well Power Inc 0.00 0.00 0.00 157,170


Emerging Growth

Naked Brand Group Inc

Naked Brand Group Inc through its wholly-owned subsidiary is engaged in manufacturing and selling of direct and wholesale men's undergarments to consumers and retailers.

Private Markets

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…