New Mexico's bank regulator says he probably will not block a plan by BOK Financial Corp. of Oklahoma to enter his state.

After meeting with BOK officials last week, William J. Verant said Tulsa-based BOK's agreement to buy 17 branches from BankAmerica Corp. appears to meet "the spirit and intent" of a state law that forbids branch acquisitions by out-of-state companies.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.