Southwest Bancorp, Inc. operates as the holding company for Bank SNB, National Association that provides various commercial and consumer banking services. Segments The company’s business operations are conducted through five operating segments: Oklahoma Banking, Texas Banking, Kansas Banking, Mortgage Banking, and Other Operations that includes funds management (investment portfolio and funding) and corporate investments. 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-Frisco division, the Dallas-Preston Center division, the Austin division, and the San Antonio division; and Kansas Banking, which includes the Harper and Anthony Branches, the Hutchinson division, the Wichita division, and the Kansas City division. The Oklahoma Banking segment, the Texas Banking segment, and the Kansas Banking segment provide deposit and lending services. The Mortgage Banking segment consists of residential mortgage lending services to customers. 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 focuses on the 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 its 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, NOW 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). The company has 23 full-service banking offices, 4 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, San Antonio, and Tilden, Texas, and Anthony, Harper, and Overland Park, Kansas. Investment 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 Federal National Mortgage Association. 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 such, the company is subject to supervision and regulation by the Federal Reserve. The bank is a national bank subject to supervision and regulation by the Office of the Comptroller of the Currency under the National Bank Act. The bank’s deposit accounts are insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum permitted by law. The bank’s mortgage banking business is subject to the rules and regulations of the U.S. Department of Housing and Urban Development, the Federal Housing Administration, the Veterans' Administration, and the Federal National Mortgage Association with respect to originating, processing, selling, and servicing mortgage loans. The bank is assigned a ‘satisfactory’ rating as a result of its Community Reinvestment Act examination. The bank’s federal student lending activities are subject to regulation and examination by the United States Department of Education. 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.
southwest bancorp inc/okla (SOD:Berlin)
608 South Main Street
Stillwater, OK 74074
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