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Oklahoma business briefs, June 19

Oklahoma business briefs for June 19, 2014
Oklahoman Published: June 19, 2014

Oklahoma briefs

OCAST awards research projects

The Oklahoma Center for the Advancement of Science and Technology has awarded more than $4.1 million for 31 health research projects ranging from development of anti-cancer drug pharmacology to human motor unit function impacted by aging. OCAST is the state’s technology-based economic development agency. Winning applications were chosen from a field of 140. Research funded under the program investigates human diseases and disabilities and aids development of health care services. Many of the projects will attract private and federal research dollars to Oklahoma. OCAST’s Health Research program is designed to strengthen Oklahoma health researchers’ chances for national research funds; recruit and retain outstanding health research scientists to the state; improve health care for Oklahomans; and strengthen the state’s health care industry.

Bank acquires insurance agency

First United Bank has acquired Universal Insurance Agency of Oklahoma City. Terms of the deal were not disclosed. The Universal Insurance Agency, founded in 1964, provides commercial, personal property and causality insurance to small and midsize businesses. First United Bank CEO Greg Massey said, “We are pleased to welcome the Universal Insurance Agency to the First United family and we look forward to continuing to build lasting relationships together as we grow.” First United Bank was established in 1900 and is based in Durant. First United has grown to become a $2.5 billion bank serving communities in Oklahoma and north Texas.

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