BOK Seeks Kansas Bank Charter

Tulsa-based BOK Financial is seeking federal regulatory approval to buy the charter of Kansas’ State Bank of Colony.

According to press reports, BOK expects to open a new bank by years end at 7500 College Blvd. in Overland Park. The new bank will open with a single location and will be called “Bank of Kansas City.”

The Kansas City market is not new to BOK Financial as the Bank of Oklahoma Mortgage entered in 1998. BOSC Inc., a BOK-owned securities broker and municipal bond underwriter, opened in Lenexa, KS in 2003, and BOK Financial opened a lending office in that focuses on agriculture in September 2005.

BOK Financial is a Tulsa-based financial services company that provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. Holdings include Bank of Albuquerque, N.A., Bank of Arizona, N.A., Bank of Arkansas, N.A., Bank of Oklahoma, N.A., Bank of Texas, N.A., Colorado State Bank & Trust, N.A., BOSC, Inc., the TransFund electronic funds network, Southwest Trust Company, N.A. and AXIA Investment Management, Inc. Shares of BOK Financial are traded on the NASDAQ under the symbol BOKF. The company controls nearly $19 billion of assets.

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