Local News

MidFirst Bank Plans To Acquire Denver Bank

/ CBS Colorado

OKLAHOMA CITY (AP) — Oklahoma City-based MidFirst Bank has announced plans to acquire the Denver-based community bank Steele Street Bank & Trust.

The planned purchase announced Thursday would give MidFirst branches in Oklahoma, Arizona and Colorado in addition to commercial lending offices in Atlanta, Dallas, Houston and Southern California.

Terms of the sale were not disclosed.

MidFirst officials said the acquisition has been approved by the boards of directors of both companies and is expected to close during the first quarter of 2015 — subject to shareholder and regulatory approval.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

First published on June 26, 2014 / 5:27 PM MDT

© 2014 CBS Broadcasting Inc. All Rights Reserved.

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