Banking companies offer different strategies, results

There are just three publicly traded banking companies based in Oklahoma, but their business models and results are varied.

 
BY DON MECOY dmecoy@opubco.com | Published: November 13, 2011    Comment on this article Leave a comment

photo - The top-ranked banking company in Oklahoma Inc. is BancFirst Corp., which recently opened this branch in Moore. BancFirst operates more than 100 service locations, including ATMs, in 50 Oklahoma communities. <strong> - PROVIDED BY BANCFIRST</strong>
The top-ranked banking company in Oklahoma Inc. is BancFirst Corp., which recently opened this branch in Moore. BancFirst operates more than 100 service locations, including ATMs, in 50 Oklahoma communities. - PROVIDED BY BANCFIRST

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Chief Financial Officer Steven Nell said much of the company's recent loan growth and deposit growth was based in Oklahoma and Texas.

“I think it bodes pretty well for the state,” Nell said.

In the Oklahoma Inc. rankings, BancFirst ranked 18th and BOK Financial was 22nd, precisely the reverse of where the companies finished last year.

Southwest Bancorp experienced a big dip in its rankings that reflected investor sentiment of the company's stock. The company finished dead last in the Oklahoma Inc. rankings in terms of its return to shareholders, who took a 74 percent loss in the July 2010 through June 2011 period.

The stock has continued to swoon as Southwest Bancorp works out troubled loans, most of which were made outside Oklahoma.

CEO and President Rick Green said the company has added staff and boosted its credit analysis as it works through its problem loans.

“However, we are not satisfied with the pace of our resolution of problem and potential problem assets,” Green said. “Accordingly, we have undertaken a disciplined analysis of all alternatives available to accelerate the resolution process in the near-term.”

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