Bailout Bank Bio: Southwest Bancorp

Aug 7, 2009 | 2 min read | Print Article

Southwest Bancorp , Inc., a financial holding company, provides commercial and consumer banking services in Oklahoma, Kansas, and Texas. The company, through its subsidiaries, offers various services, including commercial and consumer lending; deposit and investment services; and specialized cash management, consulting, and other financial services. It provides commercial deposit products, such as SNB Digital Lockbox, commercial checking, money market, and other deposit accounts; and retail deposit services, including certificates of deposit, money market accounts, checking accounts, NOW accounts, savings accounts, and automatic teller machine access. The company also offers various commercial loan products comprising commercial real estate loans, working capital loans, construction loans, and small business administration guaranteed loans; and consumer lending services consisting of student loans, residential real estate loans, mortgage banking services, personal lines of credit, and other installment loans. In addition, it provides insurance, benefit, and annuity products; and trust services, personal brokerage, and credit cards. Further, the company offers management consulting services for physicians, hospitals, and healthcare groups; and marketing, strategic, logistics, and operations consulting services for small and large commercial enterprises. Southwest Bancorp serves medical, professional, business, and commercial real estate customers. As of December 31, 2008, it operated 17 banking offices. The company was founded in 1894 and is headquartered in Stillwater, Oklahoma.

In January the company began participating in the Treasury Department’s Capital Purchase Program . Under the program the company received $70 million from Treasury in exchange for preferred stock.

Federal Equity Investment	$70 million
Total Revenue	$193.6 million (2007) $178.9 million (2008)
Net Income	$21.4 million (2007) $14.9 million (2008)
Number of Employees	442
Corporate Headquarters	Stillwater, Oklahoma
Business Sector	Banking
Officers and Directors	Green, Rick, Chief Executive Officer and Director Other Officers and Directors
Corporate Website	http://www.banksnb.com
Executive Compensation	Southwest Bancorp