Oklahoma

The Federal Deposit Insurance Corp. has ordered seven ailing community banks to raise fresh capital and directed three others with elevated loan losses to submit written plans for raising capital should credit quality weaken further.

Southwest Bancorp Inc. in Stillwater, Okla., has sold off roughly $300 million of problem loans in a move its chief executive said is a major step toward achieving its goal of sustained profitability.

Buoyed by solid loan growth and strong gains in fee income, BOK Financial Corp. in Tulsa, Okla., reported a third-quarter profit of $85.1 million, up 32% from the same period last year.

F&M Bancorporation Inc. in Tulsa, Okla., has raised $78 million in capital that it plans to use for expansion in Oklahoma and Texas.

Michael Viazzoli, a former Bank of America Corp. executive, has been named president of Bank of Kansas City.

The Federal Reserve on Thursday announced two written agreements and three civil money penalties.

Frontier State Bank's continuing legal battle with the Federal Deposit Insurance Corp. is gaining more attention from other revenue-starved banks.

Southwest Bancorp Inc. in Stillwater, Okla., on Tuesday reported a first-quarter profit despite a sharp rise in its loan-loss provision.

BancFirst Corp. in Oklahoma City said Thursday that it has agreed to buy FBC Financial Corp., parent of the $256 million-asset 1st Bank Oklahoma.

BancFirst Corp. in Oklahoma City on Wednesday completed its purchase of OK Bancorp., its second acquisition this week.

Three community banks completed acquisitions Friday.

Dozens of community banks are pushing hard to close acquisitions in the next few months because completing a deal could become much more costly in 2011.

BancFirst Corp.'s strategy of fishing for small fry in its home state of Oklahoma is adding up — little by little — to a big expansion.

Recent lawsuits could stop community banks in at least two states from deliberately processing the largest transactions first — a method that triggers additional overdrafts and thus higher fees — after a California judge ruled against Wells Fargo & Co. last month.

The $4.6 billion-asset institution, which has acquired more than 20 Oklahoma banks since it opened in 1989, announced its third acquisition deal of the year Thursday.

Southwest Bancorp Inc. in Stillwater, Okla., posted a 31% decline in second-quarter net income compared with a year earlier.

BancFirst Corp. in Oklahoma City announced Wednesday it is acquiring Union National Bancshares Inc. Through the deal, the $4.5 billion-asset BancFirst will pick up $135 million in assets, including $86 million in loans, from Union National.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Hovde Acquisitions, a Washington private equity firm, used a shelf charter to pick up the $282 million-asset Bay National Bank in Baltimore, which was closed by the Office of the Comptroller of the Currency and was one of four failures on Friday.

Southwest Bancorp Inc. in Stillwater, Okla., said Monday that it had earned $3.3 million in the first quarter, more than 11 times its year-earlier profit.