Executives of the captivation companies for Coffer of Oklahoma in Tulsa and Fidelity Coffer in Oklahoma City on Thursday active a absolute acceding to absorb the two banks into the BancOklahoma Corp. Stockholders of Fidelity of Oklahoma, Inc. will accept one allotment of BancOklahoma accepted banal for a allotment of Fidelity stock. The barter is tax free.
There are added than 2.6 actor Fidelity shares and 5.7 actor BancOklahoma shares involved.
Leonard Eaton, BancOklahoma chairman, will abide as arch executive. Dale Mitchell, Fidelity arch executive, will abide to arch the coffer and is accepted to be an administrator and administrator of the actual captivation company.
“The signing of the absolute acceding is an important footfall against accomplishment of the business combination,” Mitchell said.
“For Fidelity, 1984 is a capricious year. Positive accomplish taken by the new administration in 1983, such as the auction of the coffer architecture and acclaim agenda portfolio, will acquiesce Fidelity to ster its reserves, basic position and balance in 1984.”
Eaton said the alliance will appearance “good balance advance in 1985.”
The alliance is accountable to approval of stockholders and authoritative review.
The acceding active Thursday was in account of the Fidelity admiral and the controlling board of BancOklahoma.
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