Financial Services Acquisitions in Oklahoma

Equity Bancshares, Inc. (Equity Bank) completed its acquisition of NBC Corp. of Oklahoma, the parent of NBC Oklahoma, adding seven branch locations and doubling Equity's Oklahoma franchise to 15 locations. NBC locations will reopen as Equity Bank on July 3, with core and digital systems consolidation planned for late August 2025; the deal increases Equity's pro forma consolidated assets to approximately $6.4 billion and its branch network to 82 locations.

One America Bancorp Inc., a newly formed bank holding company led by Dallas investor Bruce Ware, has acquired Hopeton State Bank, a $26 million institution headquartered in Hopeton, Oklahoma. The deal is the first step in One America's plan to build a community banking platform focused on rural Oklahoma while establishing a commercial banking presence in the Dallas–Fort Worth market; Hopeton State Bank's president, Trent Goss, will remain in his role.

Mercer Global Advisors, a national Registered Investment Adviser, has acquired Full Sail Capital, an Oklahoma City-based wealth management firm managing $2 billion in client assets. The deal expands Mercer’s presence in Oklahoma and Texas, adds Full Sail’s 14-person team and 600+ client families to Mercer’s platform, and provides Full Sail access to Mercer’s enterprise infrastructure and institutional resources.

Truss Peak Holdings LLC, through its subsidiary TPH Insurance Hold Co LP, has closed its acquisition of Leaders Life Insurance Company from Michigan Farm Bureau Financial Corporation. Leaders, a Tulsa-based provider of life, short-term disability and accident workplace insurance licensed in 15 states with about 20 employees, will continue operating under its existing brand while Truss Peak invests in growth, licensure expansion and technology.

Bank7, a community bank headquartered in Oklahoma City, has acquired First American Mortgage, Inc., a locally owned residential mortgage lender founded in 1993. The acquisition expands Bank7's mortgage division and deepens its residential lending capabilities to better serve customers across its Oklahoma, Texas (Dallas/Fort Worth) and Kansas markets.

Edelman Financial Engines has acquired Align Wealth Management, a Registered Investment Advisor headquartered in Oklahoma City that manages approximately $425 million for nearly 360 clients. The deal expands Edelman Financial Engines' advisor network and planner capacity in the Oklahoma and Florida markets while giving Align's team access to broader back-office support and national capabilities.

Financial Services Holdings, LLC (parent of Thurston Springer) acquired independent broker-dealer T.S. Phillips Investments and RIA Phillips Capital Advisors, effective April 1, 2023. The deal brings over twenty financial advisors across six branch locations in Oklahoma and New Mexico and roughly $1 billion in client assets to Thurston Springer's national wealth-management platform as it expands into the U.S. Southwest.

HUB International Limited has acquired the assets of Bridgecreek Investment Management, LLC, a Tulsa-based boutique portfolio management firm that oversees more than $1 billion in assets. The Bridgecreek team, including co-founders Chuck Fuller and Brian Carney, will join Hub Mid-America as HUB expands its wealth advisory capabilities for high-net-worth clients across the region.

Merit Financial Advisors acquired Union Financial Advisors, LLC, adding three Oklahoma offices (Tulsa, Norman and Perry) and approximately $370 million in assets under management. The deal establishes Merit's presence in Oklahoma and expands its national footprint and AUM base.

Old Glory Holding Company has agreed to acquire First State Bank of Elmore City, Oklahoma, a transaction entered March 12, 2022 and expected to close November 30, 2022. The bank will be rebranded as Old Glory Bank and used as the chartered, FDIC‑insured platform for a digital‑first, nationwide retail bank focused on serving lower‑ and middle‑income Americans and patriotic constituencies.

Mortgage Connect LP has acquired ADFITECH, Inc. for approximately $29 million in cash, with ADFITECH to become a subsidiary and cease trading on the OTC market. The acquisition expands Mortgage Connect’s life-of-loan and capital markets capabilities by adding ADFITECH’s mortgage quality control, due diligence, fulfillment, and document management services while retaining ADFITECH leadership and staff.