MidFirst Bank Completes Acquisition of Steele Street Bank & Trust

January 7, 2015

Today, MidFirst Bank announced the completion of its acquisition of Denver-based Steele Street Bank & Trust.

Bob Malone, Steele Street's chairman and CEO, and Brian Wilkinson, Steele Street's president, will lead the Colorado market for MidFirst Bank. Malone will serve as Colorado market chairman and Wilkinson will serve as Colorado market president. All of the members of Steele Street's board of directors will serve as advisory directors for MidFirst.

"This acquisition provides MidFirst a great entry into the dynamic Denver market," said Jeff Records, MidFirst Bank chairman and CEO. "We are very excited to align ourselves with the Steele Street team. Thanks to the talented professionals that built this very successful institution, we are confident we can continue the momentum and deliver enhanced products and services to our clients in Colorado."

"Joining MidFirst Bank will be a terrific opportunity for our clients and employees," said Malone. "MidFirst's ownership has deep roots in Colorado, and they share our passion for genuine community banking. As part of MidFirst Bank, we will be able to offer clients a wider array of products and will be able to serve them through all stages of their growth."

Steele Street Bank & Trust was established in 2003 and as of December 31, 2014, had assets totaling $572 million, deposits of $512 million, and wealth management relationships of more than $1 billion. Steele Street was Colorado's only bank named to the prestigious list of SNL Financial's Top 100 Best Performing Community Banks in 2014.

MidFirst Bank has received IDC's "Superior" bank safety rating for 15 consecutive quarters, placing it in the top five percent of all U.S. financial institutions. As one of the largest privately owned banks in the nation, MidFirst provides a full range of business, private banking, trust, personal banking and mortgage banking products and services. The bank's primary retail and commercial markets include Oklahoma City, western Oklahoma, Tulsa, Phoenix and now Denver. In addition to these markets, MidFirst is a national commercial real estate lender and one of the largest servicers of FHA and VA mortgage loans nationally. MidFirst is also a strong supporter of the communities it serves, investing in many long-standing local charitable and civic endeavors.

Media Contact

Grant Griswold – MidFirst Bank – Director of Media Relations, 405.767.7459 or grant.griswold@midfirst.com