Southwest Bancorp Reports Third Quarter Income Decline

Southwest Bancorp Inc. reports net income fell 57 percent for the third quarter 2008, compared the same period a year ago.
Southwest reported $2.3 million income, or 16 cents per share to $5.5 million, or 38 cents per share for the third quarter of 2007.
Net income for the nine months ended Sept. 30 was $11.7 million, or 80 cents per share, compared to $16.9 million, or $1.15 per share, for the prior year.
At Sept. 30, total assets were $2.8 billion compared to $2.6 billion at Dec. 31, 2007.

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