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| OKSB > SEC Filings for OKSB > Form 8-K on 15-Jul-2009 | All Recent SEC Filings |
15-Jul-2009
Other Events
On June 19, 2009, Southwest Bancorp, Inc. (NASDAQ Global Select Market--OKSB, OKSBP) announced that its subsidiary, Bank of Kansas, had entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation ("FDIC") to acquire deposits, loans, and other liabilities and assets of First National Bank of Anthony, Anthony Kansas ("FNBA") in an FDIC-assisted transaction. All six branches of FNBA have reopened as offices of Bank of Kansas.
Southwest and Bank of Kansas are in the process of obtaining valuations of the assets and liabilities acquired in the FNBA transaction, which are needed to properly record the transaction in our second quarter 2009 financial statements. This process is not expected to be complete until late July or early August. Accordingly, Southwest's earnings release for the second quarter of 2009 will be issued at a later date than is customary.
Southwest Bancorp is the financial holding company for Stillwater National Bank and Trust Company, Bank of Kansas, Healthcare Strategic Support, Inc., and Business Consulting Group, Inc. Through its subsidiaries, Southwest offers commercial and consumer lending, deposit, and investment services, and specialized cash management, consulting, and other financial services from offices in Oklahoma, Texas, and Kansas, and on the Internet, through SNB DirectBankerŽ. At March 31, 2009, Southwest had consolidated assets of $2.9 billion.
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