BancFirst Corporation announced Sept. 30 that it will acquire OK Bancorporation Inc. and its subsidiary bank, The Okemah National Bank. The bank has approximately $74 million in total assets, $32 million in loans, $59 million in deposits and $13 million in equity capital. The transaction is scheduled to be completed by Dec. 15, 2010, but the bank will operate under its present name until October 2011, when it is scheduled to merge into BancFirst. 

Lloyd Pickering, Okemah National Bank's current president, will continue to run the bank.