Bank of Oklahoma

What Bank of Oklahoma does

Bank of Oklahoma is a regional banking division of BOKF, NA, a national bank subsidiary of publicly traded BOK Financial Corporation (NASDAQ: BOKF). Founded in 1910 in Tulsa, Oklahoma as a capital source for the energy industry, the company now operates 114 full-service banking centers across 8 core states (Oklahoma, Texas, New Mexico, Arizona, Arkansas, Colorado, Kansas, Missouri), with additional limited purpose offices in Nebraska, Wisconsin, Connecticut, and Tennessee. It serves individual consumers, small businesses, and commercial/institutional clients with deposit products (checking, savings, money market, CDs, IRAs), lending (mortgages, home equity, auto, personal, SBA, equipment, commercial), treasury and capital markets solutions, and wealth management through the BOK Financial Advisors sub-brand. As of 2024, the company reported $524M in net income on $34.5B in average deposits, with a 5,056-person workforce.

The company's go-to-market combines branch-based relationship banking, sales-led commercial coverage, inside sales via ExpressBank phone banking, and the Digital Access online/mobile platform with digital wallet support (Apple Pay, Google Pay, Samsung Pay), Zelle, Siri Shortcuts, biometric authentication, and 128-bit SSL encryption. Banking revenue is generated through net interest income on a $24.4B loan portfolio (commercial $20.2B, consumer $2.0B, wealth $2.2B), transaction-based deposit fees (overdraft fees up to $36, capped at 3/day), mortgage origination and servicing, credit card interchange, commercial treasury services, and wealth/advisory fees. Operating through affiliated entities BOK Financial Securities, BOK Financial Private Wealth, TransFund, and Cavanal Hill Investment Management, the franchise has maintained an Outstanding CRA rating for 12 consecutive years and was named a 2024 Gallup Exceptional Workplace Award winner. George Kaiser is the majority shareholder and Chairman of the Board.

Name

Bank of Oklahoma

Legal name

BOKF, NA

Website

https://bankofoklahoma.com

Company type

Public

Founded year

1910

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Bank of Oklahoma is a regional banking division of BOK Financial Corporation (NASDAQ: BOKF) serving consumers, small businesses, and commercial clients across 8 states through 114 branches plus digital and phone channels, offering deposits, lending, treasury, and wealth management services.

Ownership category

akta.pro rank

Product category

Regional Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Commercial lending
• Mortgage origination
• Wealth management
• Consumer credit cards

Headquarters

HQ city

Tulsa

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including commercial banking loans ($20.2B average in 2024), consumer banking loans ($2.0B average), and wealth management loans ($2.2B average). Interest paid on deposits.
2. Deposit Account Fees: Overdraft fees (up to $36 per occurrence, max 3 per day, waived for overdrafts $50 or less), monthly service fees on accounts, and various account-related charges.
3. Overdraft and Insufficient Funds Fees: Fees charged when customers overdraw accounts, including standard overdraft practices and optional overdraft protection programs.
4. Wealth Management and Advisory Services: Investment services through BOK Financial Advisors including digital investing, wealth management, and retirement planning. Fiduciary assets and AUM/AUA managed through affiliated companies.
5. Mortgage Banking: Mortgage origination and servicing including purchase mortgages, refinancing, home equity lending, with servicing handled through dedicated platform.
6. Credit Card Revenue: Income from credit card products including Max Cash Preferred Card with promotional offers and standard interchange revenue.
7. Commercial Banking Services: Treasury solutions, payment processing, merchant services, corporate trust, escrow services, international services including foreign exchange and trade finance.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Bank of Oklahoma is a regional banking division of BOK Financial Corporation (NASDAQ: BOKF) that operates 114 full-service banking centers across 8 states. It provides personal banking (checking, savings, CDs, IRAs, mortgages, auto loans, credit cards), small business banking (checking, SBA loans, lines of credit, business credit cards), commercial and institutional services (treasury solutions, capital markets, corporate trust, international services), and wealth management through BOK Financial Advisors.

Product overview

Bank of Oklahoma operates as a regional banking division of BOK Financial Corporation, offering a comprehensive suite of personal, business, and commercial banking products and services across eight states. The core digital banking experience is provided through Digital Access, an integrated online and mobile banking platform. Personal banking encompasses checking accounts (Access, Select, Premier, Youth, and Opportunity variants), savings products including money markets and IRAs, Certificates of Deposit with promotional rate offerings, mortgages and home equity lending, the Max Cash Preferred credit card, auto loans, and personal loans. Business banking includes Business Checking variants, revolving lines of credit, equipment/vehicle loans, SBA loans, and business credit cards with BusinessLock functionality for locking portions of credit lines. Commercial and institutional services encompass treasury solutions, corporate trust and escrow services, capital markets, international services, specialized industry expertise, and retirement/employee benefits. Wealth management is delivered through BOK Financial Advisors as a distinct sub-brand offering investment advisory, planning, and digital investing (Investon) services. Ancillary services include ExpressBank telephone banking and digital wallet support for Apple Pay, Google Pay, and Samsung Pay.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking account options including Access Checking, Select Checking, Premier Checking, Youth Banking, and Opportunity Banking variants for individual consumers and households.
• Savings and Money Market Accounts Personal savings, youth savings, money market accounts, and Individual Retirement Accounts (IRAs) for individual banking customers seeking to grow deposits.
• Certificates of Deposit (CDs) Time deposit accounts with fixed terms including promotional 14-month CDs at 3.80% APY and 10 or 17-month promotional CDs at 3.75% APY.
• Mortgages and Home Lending Home purchase and refinance mortgages including conventional, FHA, VA, USDA loans, and home equity lines of credit (HELOC), with servicing handled through a dedicated digital platform.
• Auto Loans Vehicle financing for new and used automobiles with competitive rates and streamlined application process for personal banking customers.
• Max Cash Preferred Credit Card Consumer credit card offering $200 cash bonus and 0% introductory APR for 12 months on purchases and balance transfers.
• Personal Loans and Lines of Credit Unsecured personal loans and revolving credit lines for individual borrowing needs including debt consolidation and major purchases.
• Business Checking Commercial checking account options (Business Access and Business Advantage tiers) for small businesses and larger commercial operations.
• Business Revolving Lines of Credit Flexible business credit lines providing ongoing access to capital for working capital needs without reapplying for each advance.
• Equipment and Vehicle Loans Business financing for equipment purchases and vehicle acquisitions with flexible terms tailored to business needs.
• SBA Loans Small Business Administration-backed loans with preferred lender status providing government-guaranteed financing for small business expansion, working capital, and equipment.
• Business Credit Cards Credit cards designed for business spending with expense management features and rewards programs for business customers.
• Treasury Solutions Comprehensive cash management services including fraud prevention, information reporting, liquidity management, payment solutions, and receivables management for commercial clients.
• Corporate Trust and Escrow Services Trustee services, bondholder relations, escrow services, 1031 exchanges, and corporate debt financing for institutional clients.
• Capital Markets Financial services including risk management, mortgage hedging, and captive/reinsurance services for commercial and institutional clients.
• International Services Global banking services including foreign exchange, trade finance, and trade services for businesses with international operations.
• BOK Financial Advisors (Wealth Management) Comprehensive wealth management and investment advisory services including investment options, financial planning, and digital investing (Investon) for high-net-worth individuals and families.
• Retirement and Employee Benefits Institutional investment management, asset custody, mineral management, retirement plan services, and executive benefits for corporate clients.
• Specialized Industry Services Industry-specific financial solutions covering commercial real estate, energy, healthcare, Native American financial services, dealer financial services, community development, and correspondent banking.
• Digital Access (Online and Mobile Banking) Comprehensive digital banking platform providing online and mobile access for account management, transfers, bill pay, statements, and real-time alerts across personal and business accounts.

Quantifiable outcome

• 12 consecutive years of Outstanding CRA rating demonstrating consistent community lending and investment commitment
• +5 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered flagship and core.

• United WayflagshipGTM or Marketing PartnerMajor charitable partnership with combined corporate and employee contributions totaling $3 million annually. Employees participate in annual pledge campaigns. One of four pillars of giving focused on strategically investing in community.
• City YearcoreGTM or Marketing PartnerEducation-focused nonprofit receiving company support. CEO Stacy Kymes received honorary recognition (red jacket) acknowledging company's continued support of programs.
• Junior AchievementcoreGTM or Marketing PartnerFinancial education partner for youth programs including JA Finance Park. Employees volunteer for financial education activities.
• Nonprofit Organizations (762 supported)coreGTM or Marketing PartnerBank of Oklahoma and BOKF Foundation contribute average of $9.3 million to nearly 800 nonprofit organizations annually. Employee-guided giving program Guide the Giving allows employees to direct donations.
• George Kaiser Family FoundationflagshipStrategic or Co-development PartnerMajor philanthropic initiative led by majority shareholder George Kaiser. Foundation's mission is to create an environment where every family has an opportunity to succeed. George Kaiser is a Giving Pledge signatory.
• Early Warning Services, LLC (Zelle)coreTechnology or IntegrationZelle and related marks are wholly owned by Early Warning Services, LLC and used under license by Bank of Oklahoma for peer-to-peer payment services.
• BOKF, NA (Parent/Subsidiary)coreOthersBank of Oklahoma operates as a division of BOKF, NA which also operates Bank of Albuquerque, Bank of Texas, and BOK Financial divisions. BOKF, NA operates TransFund and Cavanal Hill Investment Management.
• BOK Financial Securities, Inc.coreOthersSEC registered investment adviser and registered broker/dealer, member FINRA/SIPC. Provides brokerage trading, investment advisory, and wealth management services.
• BOK Financial Private Wealth, Inc.coreOthersSEC registered investment adviser providing private wealth management services alongside BOKF, NA divisions.

Scale indicators23 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cadence Bank: Cadence Bank is a regional commercial bank with consumer, business, and wealth services across the Southeast, Texas, and Midwest. Comparable regional commercial banking model with overlapping geographies in Texas and adjacent states.
• Frost Bank (Cullen/Frost Bankers): Frost Bank is a Texas-based super-regional commercial bank with comparable consumer and commercial banking focus, strong branch presence in Texas, and a similar mix of treasury, capital markets, and wealth services. Overlaps with Bank of Oklahoma in Texas markets.
• Commerce Bank (Commerce Bancshares): Commerce Bank is a Kansas City-based super-regional commercial bank with consumer and commercial banking across Missouri, Kansas, and adjacent Midwestern states — directly overlapping Bank of Oklahoma's Kansas/Missouri footprint.
• Arvest Bank (Arvest Bancshares): Arvest operates a regional commercial and consumer banking franchise across Arkansas, Oklahoma, and Missouri — three states also served by Bank of Oklahoma. Closely comparable deposit-funded lending model with strong community-banking identity.
• Bank OZK: Bank OZK is an Arkansas-based regional bank with commercial real estate, business, and consumer banking across the South and Midwest. Comparable regional commercial banking focus with overlap in Arkansas and adjacent states.
• BancFirst Corporation: BancFirst is the largest Oklahoma-based state-chartered commercial bank with deep consumer and commercial banking across the same core geography as Bank of Oklahoma. Direct overlap in personal checking, mortgages, SBA lending, and treasury services makes it the most comparable Oklahoma-headquartered peer.
• UMB Financial Corporation: UMB is a Kansas City-based regional bank with commercial banking, treasury, asset management, and institutional fund services — comparable to BOK's commercial + wealth combination. Significant overlap in Midwestern markets served by Bank of Oklahoma.
• Hilltop Holdings: Hilltop Holdings operates PlainsCapital Bank and other Texas-based regional banking franchises with consumer, commercial, and mortgage operations, overlapping with Bank of Oklahoma in Texas markets.
• Simmons Bank (Simmons First National): Simmons is an Arkansas-headquartered regional bank offering consumer, commercial, and wealth services across the Mid-South. Comparable regional footprint to Bank of Oklahoma, with similar SBA, mortgage, and treasury offerings.

Broad incumbents

• JPMorgan Chase: JPMorgan Chase is the largest U.S. national bank with consumer, commercial, wealth, and capital markets services across all of Bank of Oklahoma's geographies. As a broad incumbent, it competes for the same commercial, treasury, and consumer relationships at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bankofoklahoma
• LinkedInlinkedin.com/company/bank-of-oklahoma
• Xx.com/BankofOklahoma

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Oklahoma