BOK Financial Corporation

Infobox Company
company_name = BOK Financial Corporation
company_logo =
company_type = Public (nasdaq|BOKF)
foundation =1991
location=Tulsa, Oklahoma USA
key_people = George B. Kaiser, Chairman
industry = Financial Services
products = Banking
revenue =
operating_income =
net_income = $201.5 million USD (2005)
num_employees = 3825 (2005)
parent =
subsid =
homepage = [http://www.bokf.com/ www.bokf.com]
footnotes =

BOK Financial Corporation (BOKF) nasdaq|BOKF, based in Tulsa, Oklahoma, is a financial services company in the West South Central States region of the United States. The corporate headquarters is located in the BOK Tower in downtown Tulsa. The company has seven main bank subsidiaries: Bank of Oklahoma, N.A.; Bank of Texas, N.A.; Bank of Albuquerque, N.A.; Bank of Arkansas, N.A.; Colorado State Bank and Trust, N.A.; Bank of Arizona, N.A.; and the recently acquired Bank of Kansas City, N.A. .

BOKF has a market value of approximately $3.2 billion USD as of the Q3 2006. [BOK Financial Corporation website, Investor Relations [http://www.bankofoklahoma.com/investor/ www.bankofoklahoma.com/investor] ]

Corporate history

Foundation

BOK was formed in 1991. At its founding it had $2 billion in assets and operated 20 locations only in Oklahoma. [BOK enters Salt Lake market,Tulsa World, 4/27/2007 [http://tulsaworld.com/business/article.aspx?articleID=070425_5_E1_spanc46828&breadcrumb=Finance] ]

Expansion

Under the leadership of George Kaiser, BOK began an aggressive expansion effort. BOK's expanison strategy is to locate in growing markets near Oklahoma [BOK enters Muskogee, Oklahoma market -- [http://sec.edgar-online.com/1996/11/18/00/0000930661-96-001657/Section17.asp Citizens Holding Company] ] . Currently BOK operates in 9 states Oklahoma, New Mexico, Arizona, Arkansas, Texas, Colorado, Kansas, Missouri and Utah. In March 2007 BOK began operations in Salt Lake City. [BOK enters Salt Lake market,Tulsa World, 4/27/2007 [http://tulsaworld.com/business/article.aspx?articleID=070425_5_E1_spanc46828&breadcrumb=Finance] ] Also in 2007 BOK continued their aggressive push in expanding market share in the Dallas-Fort Worth area. Currently the Bank of Texas is the 8th largest bank based in Texas with assets of 3.7 billion. [BOK Expands in Texas, Oklahoman, 6/1/2007 [http://newsok.com/article/3061252] ]

ponsorships

In 2005 BOK Financial acquired the naming rights for the BOK Center, for a price of $11 Million USD. [BOK Financial Corp press release "Bank of Oklahoma to Pay $11 Million for Tulsa Arena Naming Rights", 27-Oct-2005 [http://ofchq.snl.com/cache/1500007029.doc ofchq.snl.com/cache/1500007029.doc] ]

References

External links

* [http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=BOKF&selected=BOKF NASDAQ Summary Quote]
* [http://www.datamonitor.com/~45a9a0cc5c0f4edd947136e5000422df~/companies/company/?pid=4CD14231-E181-4B41-B58C-E00E32AD4A68 DataMonitor Company Overview]
* [http://www.hoovers.com/bok-financial/--ID__45192--/free-co-factsheet.xhtml D&B Hoovers financial profile]
* [http://www.bokf.com/ Corporate Website]