As of Sept. 30, The Bank of Union had $331.4 million in total assets and $328.8 million in total deposits, according to the Federal Deposit Insurance Corp. In addition to assuming all of the deposits of the failed bank, BancFirst agreed to purchase about $225.5 million of The Bank of Union's assets. The FDIC will retain the remaining assets for a later sale.
The FDIC will continue to insure the banks' deposits. Customers who have questions about the transaction can call the FDIC at (800) 405-8251.