MidFirst Bank

MidFirst Bank is a privately owned financial institution based in Oklahoma City, Oklahoma. It is the largest privately owned bank in the United States, with $36.6 billion in assets.[3] Its primary markets include Oklahoma, Denver, Phoenix and Dallas, with commercial lending offices in Atlanta, Boston, Chicago, Detroit, Houston, Nashville, New York City, Orlando, Salt Lake City, San Antonio, St. Louis and Southern California. MidFirst Bank has banking centers in Boulder and Edwards, Colorado. Additionally, the bank operates 1st Century Bank of Los Angeles as a division of MidFirst Bank[4][5] and MidFirst Business Credit of Atlanta as a subsidiary of MidFirst Bank.[6]

MidFirst Bank
TypePrivately held company
Founded1982 (1982)
Headquarters
Oklahoma City, Oklahoma
,
United States
Area served
Oklahoma City, Oklahoma; Tulsa, Oklahoma; western Oklahoma; Phoenix, Arizona; Boulder, Colorado; Edwards, Colorado; Denver, Colorado; Los Angeles, California; Dallas, Texas
Key people
  • G. Jeffrey Records Jr.
    (Chairman, CEO)
  • Scott F. Smith
    (Vice Chairman, CEO)
  • Increase U.S. $388.9 million (YTD Q3 2023)
[1]>
Total assets
  • Increase U.S. $36.6 billion (Q3 2023)
[2]>
Divisions
  • Midland Mortgage,
  • MidFirst Business Credit,
  • 1st Century Bank
Websitemidfirst.com

History

The Midland Group began in 1954 when W.R. Johnston, an Oklahoma banker, purchased a 50% share in Midland Mortgage Company, an Oklahoma City–based company that had been formed four years earlier. Today, family owns 100% of the Midland Group. In 1982, Midland Financial Co. purchased a recently formed charter bank in Stilwell, Oklahoma, and named it MidFirst Bank and moved it to Oklahoma City.

In 2009, MidFirst Bank acquired Community Bank of Arizona and Union Bank, both headquartered in the Phoenix metro area.[7] In 2015, MidFirst Bank acquired Denver-based Steele Street Bank & Trust, a locally owned and operated community bank.[8] In July 2016, MidFirst Bank acquired 1st Century Bancshares in Southern California. After the merger, MidFirst Bank's combined assets totaled more than $12 billion.[9][10]

The bank offers a full range of commercial, trust, private banking, and mortgage banking products, and it serves as a commercial real estate lender and major servicer of mortgage loans nationally. Primary markets include Oklahoma City, Denver, Phoenix, Tulsa, Dallas, Southern California and western Oklahoma. MidFirst Bank also operates full-service banking centers in Boulder and Edwards, Colorado, and commercial lending offices in Atlanta, Boston, Chicago, Houston, New York City, St. Louis, Orlando, Nashville, Detroit and Southern California.

Community involvement

MidFirst Bank financial education programs have received Honorable Mention recognition from the American Bankers Association Community Commitment Awards in 2016, 2018, and 2020 in the Financial Education category, and in 2020 in the Protecting Older Americans category.[11] Additionally, MidFirst Bank has collaborated with the University of Oklahoma in providing the MoneyCoach financial education program.[12] MidFirst Bank also partners with the True Corps program to serve the community.

MidFirst Bank Chairman and CEO G. Jeffrey Records Jr. is a part-owner of the Oklahoma City Thunder of the NBA through its ownership group, Professional Basketball Club.[13]

References
  1. "YTD September 2023 Financial Report". MidFirst Bank.
  2. "YTD September 2023 Financial Report". MidFirst Bank.
  3. "YTD September 2023 Financial Report". MidFirst Bank.
  4. "Oklahoma's MidFirst Bank seeks to grow through California bank acquisition". Oklahoman.com. 2016-03-11. Retrieved 2021-02-09.
  5. "Midland Financial Co. and 1st Century Bancshares, Inc. Complete Merger Transaction". www.midfirst.com. Retrieved 2021-02-09.
  6. Gonzales, Angela (March 8, 2013). "MidFirst Bank acquires Presidential Financial Corp.MidFirst Bank acquires Presidential Financial Corp". www.bizjournals.com. Retrieved 2021-02-09.
  7. Alston & Bird LLP - Lindsay Young (14 August 2009). "MidFirst Bank assumes deposits of Union Bank N.A. and Community Bank of Arizona | Lexology". www.lexology.com. Retrieved 2021-02-09.
  8. MidFirst Bank completes buy of Denver's Steele Street Bank & Trust, Denver Business Journal, 7 January 2015
  9. "Oklahoma's MidFirst Bank seeks to grow through California bank acquisition". Retrieved 11 March 2016.
  10. "Midland Financial Co. And 1st Century Bancshares, Inc. Complete Merger Transaction". Midfirst.com. Retrieved 5 July 2016.
  11. "Community Commitment Awards". American Bankers Association.
  12. "Community Commitment Awards". PR Newswire.
  13. Corcoran, Steffie (January–February 2009). "Thunder Roll" (PDF). 59 (1). Archived from the original (PDF) on March 7, 2016. Retrieved February 10, 2021. {{cite journal}}: Cite journal requires |journal= (help)
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