Midfirst Bank is a subsidiary of Fidelity Bankers Trust Company, which is owned by the Fidelity Bankers Trust Company, Inc. family.
Fidelity Bankers Trust Company, Inc. was founded in 1982 by the Fidelity Bankers Trust Company, Inc. family.
The Fidelity Bankers Trust Company, Inc. family is a private investment firm that has been involved in various business ventures over the years.
Midfirst Bank operates as a community bank, offering a range of financial services to its customers.
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Ownership Structure
MidFirst Bank is a privately owned institution, meaning it is not publicly traded and is not subject to the same pressures as publicly traded banks.
The bank's senior leadership team has adopted a meticulous approach to evaluating investments and opportunities, allowing them to deliberate long-term decisions.
MidFirst is owned by G. Jeffrey Records, Jr. 2003 Family Trust, and operates as a subsidiary of this trust.
The bank's private ownership structure has allowed it to maintain a high degree of stability, with a total capital that has more than doubled over the past five years.
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MidFirst is extremely well capitalized, with $3.5 billion in regulatory capital and reserves, and $14.2 billion in available liquidity.
This stable financial backing is a key factor in the bank's ability to provide customized, flexible financing solutions to growing businesses nationwide.
In fact, MidFirst Business Credit, the bank's subsidiary, provides lines of credit of up to $30 million, allowing businesses to access the capital they need to expand and grow.
The bank's private ownership structure also allows it to prioritize long-term value creation, rather than focusing on short-term earnings.
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Bank News and Updates
MidFirst Bank is the nation's largest privately held bank, with over $36.7 billion in assets.
MidFirst Business Credit, a subsidiary of MidFirst Bank, provides customized financing solutions to growing businesses nationwide. It has offices in several major cities, including Atlanta, Nashville, Detroit, Chicago, Dallas, Phoenix, and Los Angeles.
MidFirst Business Credit offers lines of credit of up to $30 million to help businesses with working capital needs, acquisitions, recapitalizations, and turnaround situations.
The bank's unique structure gives MidFirst Business Credit the flexibility of a finance company with the stable financial backing of a bank.
MidFirst Business Credit recently announced a new lending relationship with Custom Equipment, a company that designs and manufactures scissor lifts.
Bank Acquisitions and Mergers
MidFirst Bank has made significant strides in expanding its reach through strategic acquisitions and mergers. MidFirst Bank acquired Steele Street Bank & Trust on June 26, 2014, for an undisclosed amount.
MidFirst Business Credit, a subsidiary of MidFirst Bank, has also been involved in notable partnerships, such as a new lending relationship with Custom Equipment, LLC. This partnership highlights MidFirst Business Credit's ability to provide customized financing solutions to growing businesses nationwide.
MidFirst Business Credit offers lines of credit of up to $30 million, providing working capital and term loan facilities for various business needs. This flexibility is a testament to the company's commitment to supporting its clients' growth and expansion.
Here are the details of MidFirst Bank's acquisitions:
Frequently Asked Questions
Is MidFirst Bank financially stable?
Yes, MidFirst Bank is financially stable, with $39.0 billion in assets as of September 30, 2024, making it the largest privately owned bank in the nation.
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