BancFirst Purchases Assets And Liabilities From First National Bank themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
H.I.G. Capital Purchases Residential Assets in Lisbon
H.I.G. Capital LLC, a global alternative investment firm, has purchased three residential buildings located within central Lisbon.
Riccardo Dallolio, managing director and head of H.I.G. Europe Realty Partners, commented, “We see significant opportunities in the Lisbon residential sector to expand this platform. Our focus in Portugal is on refurbishing assets in prime locations to meet the local and international demand for residential units.”
Esteban Caja Samboal, principal at H.I.G. Europe Realty Partners in Madrid, added, “The Lisbon residential sector is benefiting from a unique combination of structural change and favourable supply-demand fundamentals. H.I.G. has extensive experience in operationally-intensive sectors and this investment is a logical continuation of our European portfolio.”
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OKLAHOMA CITY, Feb. 19, 2021 /PRNewswire/ BancFirst Corporation (NASDAQ GS:BANF) today announced that its subsidiary bank, entered into a purchase and assumption agreement with The First National Bank and Trust Company of Vinita, Oklahoma to purchase assets and assume the deposits and certain other obligations of The First National Bank and Trust Company of Vinita. The First National Bank and Trust Company of Vinita is a nationally chartered bank with banking locations in Vinita and Grove, Oklahoma. These banking locations would become branches of BancFirst. As of December 2020, The First National Bank and Trust Company of Vinita had approximately $285 million in total assets, $209 million in loans, and $258 million in deposits. The purchase and assumption is expected to be completed during the second quarter of 2021 and is subject to regulatory approval.