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BOK Financial Corporation
![The Houston Jewish Herald-Voice Index to Vitals and Family Events, 1908-2007
Name: Ruth Feldgreber
[Ruth Wertheim]
Maiden Name: Wertheim
Event: Death
Published Date: 17 Aug 1994
Volume / Number: 86 / 22
Page & Column: p34c1
Reported in: Houston
Event Date: 14 Aug 1994
Event Place: Tulsa OK
Parents: Late Hugo & Dina Wertheim
Funeral Date: 17 Aug 1994
Age: 72
Other Families: MARKOWITZ / KAISER](http://latourgenealogicalcollection.org/home/Themes/babylon/images/latouroklahomabanking.jpg)
Entries: 21293
Home Page: LaTour Genealogical Collection
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Corporate History
The Exchange National Bank of Tulsa, Oklahoma
was organized in 1910, when four young men
purchased the failed
Farmers National Bank of Tulsa.[1] Business men
Eugene Frank Blaise, Charles J. Wrightsman,
William Connelly, and Harry F. Sinclair became
the new owners.
* In 1926, and during the great depression,
L.R. Kershaw,[2] a Muskogee, Oklahoma
business man became the receiver of 13
National Banks. These banks had failed because
of the depression. The Exchange National Bank
of Tulsa, Oklahoma was one of those banks.
* June 14, 1933, after the depression, the
Exchange National Bank of Tulsa merged into
the National Bank of Tulsa.[3]
* By 1960 National Bank of Tulsa was known as
the "oil bank of America," and oil loans were
instrumental in the rise of the First National
Bank of Oklahoma as the largest bank in
the state.
* February 10, 1992, the National Bank of
Tulsa[4] changed its name to Bank of Oklahoma,
National Association.
Foundation
BOK was formed in 1991.[5] At its founding it had $2 billion in assets and
operated 20 locations only in Oklahoma.
Expansion
Under the leadership of George Kaiser BOK began an aggressive expansion
effort. BOK's expanison strategy is to locate in growing markets near
Oklahoma. Currently BOK operates in 9 states Oklahoma, New Mexico,
Arizona, Arkansas, Texas, Colorado, Kansas, Missouri and Utah.
In March 2007 BOK began operations in Salt Lake City.
The Muskogee Banking Market
The Muskogee, Oklahoma Banking Market is defined as including the
Muskogee RMA and the remainder of Muskogee County; all of Cherokee
County; the town of Wagoner in Wagoner County; and the town of Checotah
in McIntosh County Vian State Bank, Vian, Oklahoma, CFR, 1996,
reaffirmed in BOK Financial Corporation, Tulsa, Oklahoma, 1999).
Citizens Holding Company of Muskogee
On November 14, 1994, Francis Rooney, chairman of banks's board of
directors, announced that this 70-year old Muskogee financial
institution agreed to sell to Bank of Oklahoma. BOK Financial acquired
Citizens Holding Company and its subsidiaries, Citizens Bank of
Muskogee, located in the Manhattan Building (Muskogee, Oklahoma) and
Citizens Bank of Northwest Arkansas.
First Bancshares of Muskogee
In May of 1999, the Federal Reserve Board announced its approval of the
proposal of BOK Financial Corporation, Tulsa, Oklahoma, to acquire
First Bancshares of Muskogee, Inc., its banking subsidiary,
First National Bank and Trust Company of Muskogee, located in the Severs
Hotel (Muskogee, Oklahoma), and its nonbanking subsidiary, First
Muskogee Insurance Corporation, all of Muskogee, Oklahoma.
Citizens Bank & Trust Company of Okmulgee
Banks, State Member
Kansas City
Citizens Bank & Trust Company, Okmulgee, Oklahoma -- to purchase certain
assets and assume certain liabilities of three Muskogee, Oklahoma,
branches of Bank of Oklahoma, N.A., Tulsa.
- Approved, September 14, 1999
Reference
1. ^ OKLAHOMA BANKS CLOSED; State Concern Forced to the Wall by Failure of National Bank.
2. ^ L.R. Kershaw, who had been appointed receiver of the defendant bank, was made a party to the suit.
3. ^
HURST v. KRAVIS
1958 OK 290
333 P.2d 314
Case Number: 38477
Decided: 12/16/1958
Supreme Court of Oklahoma
THURMAN S. HURST, GUARDIAN AD LITEM, AND TRUSTEE, ETC.,
PLAINTIFFS IN ERROR,
v.
RAYMOND F. KRAVIS, LOUIS P. MYERS, AND NATIONAL BANK OF TULSA,
COTRUSTEES, ET AL., DEFENDANTS IN ERROR.
4. ^ Henry Kravis
Born into a Jewish family, the son of Bessie (Roberts) and Raymond Kravis, a successful
Tulsa oil engineer who had been a business partner of Joseph P. Kennedy, Henry began his education
at the Eaglebrook School, ('60) followed by high school at The Loomis Chaffee School. He then
majored in economics at Claremont McKenna College in Claremont, California and graduated in 1967
before going on to Columbia Business School, where he received an MBA degree in 1969.
5. ^ Article: June 8, 1991 - Kaiser Completes Purchase of Bank of Oklahoma - By Nancy Raiden Titus
Journal Record Staff Reporter - The Bank of Oklahoma NA is in private hands once again, five years
after receiving $130 million in open bank assistance from the Federal Deposit Insurance Corp.
On Friday, the finishing touches were made to a purchase agreement with Tulsa oilman George
Kaiser, and $60.75 million was wired to the FDIC in payment for its 99.99 percent interest in the
bank. Kaiser on Friday also made a $10 million capital infusion into the bank. In typical bureaucratic
fashion, what in October had been expected to take 60- 90 days was completed in a little more than
seven months. Kaiser, who also owns Kaiser-Francis Oil Co.
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