Southwest Bancorp, Inc. operates as the holding company for Bank SNB that provides various commercial and consumer banking services. Products and Services The company’s commercial and consumer banking services include commercial and consumer lending, deposit and investment services, specialized cash management, and other financial services and products. The company’s area of expertise focuses on the special financial needs of healthcare and health professionals, commercial real estate borrowers, businesses and their managers and owners, commercial lending, and energy banking. The healthcare and real estate industries make up the majority of the company’s loan portfolio. The company’s commercial lending services include commercial real estate loans, working capital loans, construction loans, loans to small businesses, loans for equipment and general business expansion, loans to energy companies based on proved producing reserves, and loans to various healthcare providers, business, and related concerns. Consumer lending services include residential real estate loans and mortgage banking services; personal lines of credit; loans for the purchase of automobiles; and other installment loans. The company also offers deposit and personal banking services, including commercial deposit services, commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automatic teller machine access. The company offers personal brokerage services through a relationship with an independent institution. The company has developed Internet banking services, called Bank SNB DirectBanker, for consumer and commercial customers, an automated lockbox, document imaging, and information service for commercial customers called ‘Bank SNB Digital Lockbox’, and deposit products that automatically sweep excess funds from commercial demand deposit accounts and invest them in interest bearing funds (Sweep Agreements). Segments The company operates through five segments: Oklahoma Banking, Texas Banking, Kansas Banking, Mortgage Banking, and Other Operations that includes funds management (investment portfolio and funding) and corporate investments. Banking Segments The company’s banking segments include Oklahoma Banking, which includes the Stillwater division, the Central Oklahoma division based in Oklahoma City, and the Tulsa division; Texas Banking, which includes the Dallas division, the Fort Worth division, the Austin division, and the San Antonio division; and Kansas Banking, which includes the Wichita division and the Hutchinson division. The company originates and produces mortgages in its Stillwater, Oklahoma City, Tulsa, and Wichita divisions. Mortgage operations are managed through the company’s home office located in Stillwater, Oklahoma. The company originates conventional, jumbo, Federal Housing Administration (FHA), Veterans' Administration (VA), and other types of first mortgage loans for sale to the Federal National Mortgage Association (FNMA) or private investors. Servicing on these loans might be released or retained in connection with the sale. Support and Control Functions The company manages and offers products that are technology based, or that otherwise are offered centrally through the company’s home office. These include products that are marketed through the regional offices, such as its Internet banking product for commercial and retail customers (Bank SNB DirectBanker), commercial information, and item processing services (Bank SNB Digital Lockbox). The company’s technology products are marketed to existing customers and to help develop new customer relationships. Banking Offices and Geographic Markets As of December 31, 2014, the company had 21 full-service banking offices primarily located along the heavily populated areas on the I-35 corridor through Texas, Oklahoma, and Kansas, such as 5 located in Stillwater, Oklahoma; 4 located in the Oklahoma City, Oklahoma metropolitan area; 2 each located in the Tulsa, Oklahoma and Dallas, Texas metropolitan areas; 2 each located in Hutchinson, Kansas and in Wichita, Kansas; and 1 each in Chickasha, Oklahoma, Austin, Texas, San Antonio, Texas, and Tilden, Texas. Investment Securities Portfolio The company maintains an investment securities portfolio consisting of securities issued by the U.S. government sponsored entities, state and political subdivisions, mortgage-backed, asset-backed securities, and other investments. Mortgage-backed securities consist of agency securities underwritten and guaranteed by Government National Mortgage Association, Federal Home Loan Mortgage Corporation, and FNMA. Asset-backed securities are collateralized by student loans. Supervision and Regulation The company is registered as a financial holding company pursuant to the Bank Holding Company Act of 1956, as amended by the Financial Services Modernization Act or Gramm-Leach-Bliley Act. As a financial holding company, the company is subject to supervision and regulation by the Federal Reserve. The bank’s deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum extent permitted by law. As an Oklahoma-chartered bank that is a member of the Federal Reserve System, the bank is subject to the primary supervision of the Oklahoma State Banking Department and the Federal Reserve. The bank’s mortgage banking business is subject to the rules and regulations of the U.S. Department of Housing and Urban Development, FHA, VA, and FNMA with respect to originating, processing, selling, and servicing mortgage loans. The company’s banking subsidiary is assigned a ‘satisfactory’ rating as a result of its last Community Reinvestment Act examination. Some of the aspects of the lending and deposit business of the bank are subject to regulation by the Federal Reserve and the FDIC, including reserve requirements and disclosure requirements in connection with personal and mortgage loans and deposit accounts. History Southwest Bancorp, Inc. was founded in 1894. The company was incorporated in 1981.
southwest bancorp inc/okla (SOD:Berlin)
608 South Main Street
Stillwater, OK 74074
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