Murray State College, BancFirst presented with business partnership award


The Oklahoma State Regents for Higher Education have recognized the collaboration between Murray State College and BancFirst with a Regents’ Business Partnership Excellence Award. 

The awards are designed to highlight successful partnerships between higher education institutions and businesses which are cultivating the higher education learning environment through use of State Regents’ Economic Development Grants.

Murray State College partnered with BancFirst and the Gene Rainbolt family to secure the legacy of the late Lynn Colbert, who created the Lynn Colbert Charitable Foundation through BancFirst, to ensure his investments and mineral rights would benefit others after his death.

Through expert management and guidance from BancFirst and the Rainbolt family, Murray State College and the foundation have provided opportunities for Oklahoma students who might not otherwise have been able to obtain a college education.

BancFirst focuses on local businesses not served effectively by larger institutions in the same way that Murray State College focuses on students not effectively served by larger higher education institutions.

 “Through their partnership with Murray State College, BancFirst has helped create a brighter future for our state and the students of Southern Oklahoma,” Murray State College President Joy McDaniel said.

Twenty-seven business and higher education partnerships throughout the state were recognized with Regents Business Partnership Excellence Awards in a ceremony March 12 in Edmond. Institutions involved in the partnerships receive an economic development grant that may be applied to tuition of an employee from the partner business, internship for a current student, faculty externship or enhancement through equipment, materials or supplies.

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