760498--3/16/2009--BANCFIRST_CORP

related topics

{condition, economic, financial}

{acquisition, growth, future}

{regulation, change, law}

{product, liability, claim}

{competitive, industry, competition}

{regulation, government, change}

{loan, real, estate}

{stock, price, operating}

{product, market, service}

{provision, law, control}

{personnel, key, retain}

{control, financial, internal}

{stock, price, share}

Risks Related to Our Industry The current economic environment poses significant challenges for us and could adversely affect our financial condition and results of operations. There can be no assurance that actions of the U.S. Government, Federal Reserve and other governmental and regulatory bodies for the purpose of stabilizing the financial markets will achieve the intended effect. Fluctuations in interest rates could reduce our profitability. We operate in a highly regulated environment and may be adversely affected by changes in federal and state laws and regulations. Recent changes in laws and regulations may cause us to incur additional costs. Changes in monetary policies may have an adverse effect on our business. Risks Related to Our Business An investment in our common stock involves risks. Our recent results may not be indicative of future results. If a significant number of customers fail to perform under their loans, our business, profitability, and financial condition would be adversely affected. Our directors and executive officers own a significant portion of our common stock and can influence shareholder decisions. Adverse changes in economic conditions, especially in the State of Oklahoma, could have a material adverse effect on our business, growth, and profitability. Competition with other financial institutions could adversely affect our profitability. The Company s concentration of real estate loans is subject to the local real estate market in which it operates. We rely heavily on our management team, and the unexpected loss of key managers may adversely affect our operations. There can be no assurance that the integration of our acquisitions will be successful or will not result in unforeseen difficulties that may absorb significant management attention. If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results or prevent fraud. Maintaining or increasing our market share depends on market acceptance and regulatory approval of new products and services. We have businesses other than banking. We have a continuing need for technological change. Our stockholder rights plan, amended and restated certificate of incorporation, as well as provisions of Oklahoma law, could make it difficult for a third party to acquire our company.

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760498--3/16/2009--BANCFIRST_CORP_/OK/