MidFirst Bank

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MidFirst Bank
TypePrivately held company
Founded1982 (1982)
Headquarters
Oklahoma City
,
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)
ProductsAsset management, banking, commercial banking, consumer banking, corporate banking, credit cards, consumer finance, finance and insurance, financial services, mobile banking, global wealth management, insurance, investment management, mortgage loans, prime brokerage, private banking, retail banking, retail brokerage, wealth management
  • Increase U.S. $411.5 million (YTD Q4 2020)
[1]
Total assets
  • Steady U.S. $31.0 billion (Q2 2021)
[2]
Divisions
  • Midland Mortgage,
  • MidFirst Business Credit,
  • 1st Century Bank
Websitemidfirst.com

MidFirst Bank is a privately owned financial institution based in Oklahoma City. It is the largest privately owned bank in the United States with $31 billion in assets.[3][2] Its primary markets include Oklahoma, Denver, Phoenix and Dallas, with commercial lending offices in Atlanta, Boston, Chicago, Cleveland, Houston, New York City, 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]

History[]

The Midland Group began in 1954 when W.R. Johnston, a 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 Los Angeles. 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, Los Angeles 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 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]

In 2019, MidFirst Bank ranked first in the Southwest region for the second consecutive year in the J.D. Power Retail Banking Satisfaction Study, receiving the highest score of all banks in the nation in 2018.[13]

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.[14]

References[]

  1. ^ "Consolidated Reports of Condition and Income". Office of the Comptroller of the Currency. December 31, 2020. Retrieved August 2, 2021.
  2. ^ Jump up to: a b "Consolidated Reports of Condition and Income". Office of the Comptroller of the Currency. June 30, 2021. Retrieved August 2, 2021.
  3. ^ "MidFirst ramps up NoCo lending operations". Loveland Reporter-Herald. 2021-07-10. Retrieved 2021-08-02.
  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. "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. ^ "MidFirst Bank Earns Prestigious 2019 J.D. Power Award For The Second Year In A Row". www.midfirst.com. Retrieved 2021-02-09.
  14. ^ 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 requires |journal= (help)
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