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Tighter margins held back BOK Financial in Tulsa, Okla., last quarter. The $28 billion-asset company reported a profit of $76.7 million, down 4% from the same period last year.
July 30 -
BOK Financial Corp. (BOKF) in Tulsa, Okla., has agreed to buy MBM Advisors, a wealth management firm based in Houston.
March 7 -
Bank deposit advances, which strongly resemble payday loans, have been facing extinction since coming into the crosshairs of federal banking regulators.
January 23 -
BOK Financial (BOKF) in Tulsa, Okla., reported lower quarterly earnings after mortgage banking revenue fell.
January 29
Bank of Texas in Houston has hired a Bank of America veteran to lead its Houston operations.
Kim Ruth will oversee the bank's expansion efforts in the fast-growing Houston area, the bank said in a press release Tuesday. It is a subsidiary of $28 billion-asset BOK Financial in Tulsa, Okla.
Before joining Bank of Texas, Ruth spent half of her 20-year commercial banking career with Bank of America as Houston market president. She also worked for Merrill Lynch in Los Angeles.
Her appointment to chairman of Bank of Texas' Houston region is part of BOK's decision to split the management of its Texas market in half "so each leadership team can focus on its current geographic area and seek to grow into new areas," explained Norm Bagwell, CEO of Bank of Texas and executive vice president for regional banks at BOK.
The Bank of Texas' north region will include its operations in Dallas and Fort Worth and will be overseen by Mark Wade, president and chief operating officer of Bank of Texas. The Houston region will cover the central and southern parts of the state and include the bank's wealth management and mortgage operations in San Antonio and Austin, according to the release.
Ruth will be the market executive responsible for all client relationships and bank operations in the Houston region. Randy Walker, CEO of Bank of Texas' Houston market, will report to Ruth.
Ruth's experience in commercial banking and wealth management "will bode well for Bank of Texas clients in the Houston region," Bagwell said.
Bank of Texas is one of BOK's seven banking divisions; it runs 12 branches in Houston, 16 in Dallas and nine in Fort Worth.
