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First Fidelity Bank is acquiring deposits previously held by the Arizona operations of Home National Bank.

Oklahoma-based RCB Bank acquired all 15 branches of Home National Bank from the FDIC on July 9.

Under the purchase contract with RCB, First Fidelity Bank will expand its Phoenix-area market presence with the acquisition of approximately $80 million in deposits. First Fidelity says the transaction will close in roughly 90 days, subject to regulatory approval. Previous HNB Phoenix branch locations will operate under the RCB Bank name until then.

Oklahoma City-based First Fidelity is a family-owned, privately held full-service financial institution founded 90 years ago paperless payday loans. It expanded into the Arizona market with a loan production office in 2003. It has since grown to four Valley-area offices through a 2007 merger with the former Western Security Bank.

First Fidelity has 28 offices serving the Oklahoma City, Tulsa, Phoenix and Scottsdale markets. The bank has total assets of more than $1 billion.

For more: www.ffb.com.

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