BOK Financial

#2198

Rank

$7.02B

Marketcap

United States

Country

Leadership team

Mr. Stacy C. Kymes (CEO, Pres & Director)

Mr. Steven E. Nell (Exec. VP, CFO & Director)

Mr. Scott Bradley Grauer (Exec. VP of Wealth Management)

Products/ Services

Finance, Financial Services

Number of Employees

1,000 - 20,000

Headquarters

Tulsa, Oklahoma, United States

Established

1910

Company Registration

SEC CIK number: 0000875357

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

BOKF

Social Media

URL

https://investor.bokf.com

Overview

Location

Recognition and Award

References

Summary

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment provides lending and deposit services to small business customers through consumer branch network; and engages in the mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other enhancements to real estate and property held by borrowers for investment purposes; and residential mortgage and personal loans. Further, the company provides automated teller machine (ATM), call center, and Internet and mobile banking services. As of December 31, 2021, it operated 2,593 TransFund ATM locations. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma.

History

BOK Financial was formed in 1910 primarily as a source of capital for the energy industry and broadened its geographic and market reach to become one of the largest and most multifaceted regional financial institutions in the country.

The company traces its roots to the Exchange National Bank of Tulsa, which was formed in 1910. In 1917, Exchange National Bank began construction of a headquarters building in Tulsa at Third Street and Boston Avenue. In 1928, the bank constructed a 28-story tower adjacent to the initial building. The combined structure, since renamed the 320 South Boston Building, remained the tallest building in Tulsa until 1967. The bank has continuously operated a branch in the building since then.

The bank was rebranded as National Bank of Tulsa in 1933 and in 1975 to Bank of Oklahoma to reflect its statewide approach. Also in 1975, the bank installed the first automated teller machine in Oklahoma. The following year, the company began moving employees into the new BOK Tower and in 1979, the bank reached $1 billion in assets.Five years later, in 1984, the company merged with Fidelity of Oklahoma and reached $3 billion in assets.On June 7, 1991, with the company's assets totaling just under $2 billion, it was acquired by George Kaiser for $61 million in a sale facilitated by the FDIC. Under Kaiser's ownership, BOK Financial developed a strategy to locate in growing markets near Oklahoma.

Mission

We are guided by our commitment to serving our clients, providing a positive work environment for our employees and making a difference in the communities we serve.

Vision

To make our customer relationships the best banking experience in their lives.

Key Team

Mr. Norman P. Bagwell (Chairman & CEO of Bank of Texas)

Mr. Mike Rogers CPA (Chief Accounting Officer)

Mr. Derek S. Martin (Exec. VP & Chief Information Officer)

Dean Miller (Sr. VP and Sr. Compliance Mang.)

Ms. Sue Hermann (Sr. VP & Director of Corp. Communications)

Mr. Sean Hampton (Sr. VP & Chief Marketing Officer)

Mr. Jeffrey A. Reid (Exec. VP & Chief Human Resource Officer)

Recognition and Awards

In 2019, BOK Financial was named one of Forbes’ Best Banks in America and one of ABA Banking Journal’s Best Banks to Work For. In addition, the company was named one of the top three banks by Greenwich Associates for its customer satisfaction metrics in 2018.