Printer Friendly

BOk COMPLETES SOONER ACQUISITION

 TULSA, Okla., Dec. 31 /PRNewswire/ -- Bank of Oklahoma (BOk) today announced the completion of its acquisition of 19 offices of Sooner Federal Savings and Loan from First Gibraltar Bank, FSB of Dallas. The offices include six in the Tulsa metropolitan area, seven in the Oklahoma City and Norman area, and six other communities throughout the state.
 All branches will open for business on January 4, 1993, offering BOk services and products. The former Sooner employees at the branches will become employees of BOk and will be at the new locations to handle the business of BOk's new customers and existing customers. With the acquisition, BOk strengthens its position as the largest bank in the state, with $2.6 billion in assets and the largest branching network of any commercial bank in Oklahoma. BOk will have 16 locations in Tulsa, 21 in the Oklahoma City area, and six others in the communities of Edmond, Newkirk, Ponca City, Enid, McAlester and Frederick.
 BOk is acquiring approximately $480 million in deposits in addition to the 19 offices. The purchase price is approximately $16.5 million. BOk recently announced an agreement to acquire Brookside State Bank and Sand Springs State Bank, both in the Tulsa area. Total assets of these two banks total approximately $173 million.
 BOK Financial (NASDAQ: BOKF) is a one-bank holding company whose principal subsidiary is BOk. The bank has more than 40 locations. Other operating units include BancOklahoma Mortgage Corp., the largest originator of home loans in the state with a $2.2 billion servicing portfolio, BancOklahoma Trust Co., and the TransFund Automated Teller Machine Network. BOk Trust, which is responsible for over $6 billion in assets, is the leading fiduciary organization in Oklahoma. TransFund is the state's dominant network and has 464 machines installed statewide serving more than 80 financial institutions and 329,000 cardholders.
 BOK Financial common stock is traded in the over-the-counter market under the symbol BOKF, with quotations available through NASDAQ.
 -0- 12/31/92
 /CONTACT: Stanley A. Lybarger, president, 918-588-6888, or Kimberly Marsh MacLeod, media relations, 918-588-6035, both of Bank of Oaklahoma/
 (BOKF)


CO: Bank of Oklahoma; Sooner Federal Savings and Loan; First Gibraltar
 Bank ST: New Mexico, Oaklahoma IN: FIN SU: TNM


SG -- SF002 -- 0973 12/31/92 15:51 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 31, 1992
Words:377
Previous Article:ULTRALIFE BATTERIES, INC. COMPLETES INITIAL PUBLIC OFFERING OF 2,012,500 COMMON SHARES
Next Article:THE COCA-COLA COMPANY ANNOUNCES DECEMBER UNIT VOLUME SURPASSES ESTIMATES
Topics:


Related Articles
BANK OF OKLAHOMA TO ACQUIRE PLAZA NATIONAL BANK OF BARTLESVILLE
BANK OF OKLAHOMA COMPLETES MERGER OF NORTHWEST BANK OF ENID
BOK Financial, First National Bank of Park Cities Announce Preliminary Agreement
BOK Financial, Park Cities Bancshares, Inc., Sign Definitive Agreement
BOK Financial, First Texas Agree to Merge
BOK Financial Announces Two Texas Acquisitions.
BOK Financial to Acquire Swiss Avenue Bank; Third Acquisition Announcement in One Week.
Orders Issued Under Sections 3 and 4 of the Bank Holding Company Act.
BOK Financial Enters Houston Market With Acquisition of CNBT Bancshares.
BOK Financial Closes on Acquisition of Colorado Funding, Colorado State Bank And Trust.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters