Agricultural News
The Road to Rural Prosperity- Ron Hays talks with Bancfirst Corporation Executive Chairman David Rainbolt
Wed, 25 Sep 2019 11:19:09 CDT
The Road to Rural Prosperity podcast features stories about rural Oklahoma and rural America, focusing on the state's journey to Top Ten status and the people and organizations driving us toward that goal. In Episode 4, this week, Ron Hays visits with David Rainbolt, executive chairman of the Bancfirst Corporation, a financial holding company that provides retail and commercial banking services in Oklahoma. Bancfirst is one of Oklahoma's largest state-chartered banks, serving 50 communities across the state with 100 locations.
Episode four of the Road to Rural Prosperity is sponsored by the Oklahoma Public School Resource Center, envisioning a quality public education for every child in Oklahoma- and by the Petroleum Alliance of Oklahoma, Oklahoma's oldest and largest oil and natural gas trade association.
During the interview with Radio Oklahoma Ag Network Farm Director Ron Hays, Rainbolt shared the original vision behind Bancfirst that has seen it become one of the most trusted brands in the banking business here in the state.
"We focused on building a financial institution that would be sustainable and be important to the communities of Oklahoma and help build these communities," Rainbolt said. "Obviously, we're a retail business but bankers can't outperform their customer base. Our number one job is making sure our customer base is healthy and the quality of life in our communities is good."
With the slogan "Loyal to Oklahoma. Loyal to You.," Bancfirst has supported that mission, to support local communities and help them thrive. Part in parcel to that, Rainbolt contends is staying engaged with the state's economy and the issues that drive both commerce and society. He asserts that while Oklahoma has gone through some significant changes, there still exists a need to continue to evolve. He says as Oklahomans look to the future, they will be faced by both challenges and opportunities.
"It's no secret we've been diversifying for years, but the oil and gas industry is still very, very important to Oklahoma. The oil and gas industry is in a period of change right now," he said. "I think some of our bigger companies are going through a metamorphosis. Some are doing very well, some are a little farther away. There are some issues in oil and gas for sure, but having said that, the rest of the cylinders are firing pretty well."
Rainbolt says Oklahoma from his perspective has probably gone through more change in last decade than it has in the previous hundred years, but suggests even more change is on the way as Oklahomans tackle issues like education and industrial recruitment while maintaining and improving its business culture. Excited to face these challenges rather than run from them, Rainbolt says Bancfirst is ready to partner with stakeholders and champions of change, offering up its service and resources in that endeavor.
"We are immersed in Oklahoma," he said. "So, our challenge now is to make sure we work with everybody else to make sure Oklahoma is all it can be."
You can either click this link to hear Episode 4 on Soundcloud- or click on the LISTEN BAR below to hear the complete conversation.
Hear Ron Hays talk with Bancfirst Corporation Executive Chairman David Rainbolt, tap the tab below.
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