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BANCOKLAHOMA TRUST CO. REACHES AGREEMENT TO MERGE WITH THE TRUST COMPANY OF OKLAHOMA, OKLAHOMA CITY

 BANCOKLAHOMA TRUST CO. REACHES AGREEMENT TO
 MERGE WITH THE TRUST COMPANY OF OKLAHOMA, OKLAHOMA CITY
 TULSA, Okla., July 23 /PRNewswire/ -- BancOklahoma Trust Co. has reached an agreement in principle to merge with The Trust Company of Oklahoma, Oklahoma City (TCO). The transaction is subject to regulatory approval.
 Present management, C. Randolph Everest, chairman, and Carl L. Shortt Jr., president, will join Bank of Oklahoma as soon as the transaction is approved. Everest and Shortt will manage the Oklahoma City personal trust and employee benefits business of both BOk and TCO, according to James N. Young, Jr., president of Bank of Oklahoma, Oklahoma City.
 The offices will remain at 6307 Waterford Blvd. in Oklahoma City and the staffs will be combined at that office.
 In the transaction, BOK Financial Corp. will issue 400,000 shares of its common stock to the TCO shareholders. The principal shareholders of The Trust Company of Oklahoma, Oklahoma City, are Everest, Shortt and an outside investor.
 "We are pleased we will be joining an Oklahoma-owned bank whose management is dedicated to the long-term interests and economic growth of the state," Everest said. "The acquisition of our company demonstrates Bok's continued dedication to better serving the Oklahoma City market."
 Shortt added, "The merger brings the best of both worlds to our present and future clients. Our traditional personalized approach to serving our clients will be enhanced coupled with BOk's substantial resources."
 The company was chartered as The Trust Company of Oklahoma by a group of community banks in 1980 and opened its doors for business the following year.
 In 1990, the Oklahoma City business of The Trust Company of Oklahoma was separated from the Tulsa business. One institution was renamed The Trust Company of Oklahoma, Oklahoma City and the other was renamed Trust Company of Oklahoma, Tulsa. The Tulsa and Oklahoma City operations are no longer affiliated by common ownership.
 The Trust Company of Oklahoma, Oklahoma City, manages approximately $375 million in assets in 1,100 trust accounts for individuals, corporations and charitable institutions.
 "This is an ideal merger for our bank," Young said. "It is consistent with our plans to expand our service in Oklahoma City, and it does it with both quality and style. TCO is especially attractive to us because of its fine clientele and outstanding staff."
 James R. Dodd, president of BancOklahoma Trust, said, "Randy and Carl fit well with our organization. It is their entrepreneurial spirit that first attracted us. Most importantly, they are long-time Oklahoma Citians who will to help us further enhance the service we can deliver to our clients in central Oklahoma." About BOk
 BancOklahoma Trust Co., the state's largest manager of trust and institutional funds, is owned by Bank of Oklahoma, N.A., which is the principal subsidiary of BOK Financial Corp. (NASDAQ: BOKF). The bank has 26 locations, 14 in Oklahoma City and surrounding cities, and 12 in Northeastern Oklahoma, principally Tulsa. Other operating units include BancOklahoma Mortgage Corp., the largest originator of home loans in the state with a $2.2 billion servicing portfolio, and the TransFund Automated Teller Machine Network. TransFund is the state's dominant network, with 438 installed machines statewide, serving more than 80 financial institutions and 342,000 cardholders.
 BOK Financial Corp. common stock is traded in the over-the-counter market under the symbol BOKF, with quotations available through NASDAQ.
 -0- 7/23/92
 /CONTACT: James N. Young Jr., 405-272-2063 (office) or 405-340-9570 (home), or James A. White, 918-588-6416 (office) or 918-747-7865 (home), both of Bank of Oklahoma; or Leslie Paris (in Oklahoma City), 405-272-2386 (office) or 405-840-2417 (home), or Kimberly Marsh MacLeod (in Tulsa) 918-588-6305 (office) or 918-446-5954 (home), for Bank of Oklahoma/
 (BOKF) CO: BancOklahoma Trust Co. ST: Oklahoma IN: FIN SU: TNM


MM -- SF014 -- 2846 07/23/92 19:09 EDT
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Date:Jul 23, 1992
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