BOK Financial Corp.'s plan to buy 17 New Mexico branches from BankAmerica Corp. may run afoul of a state law.

BOK of Tulsa, Okla., agreed last week to buy branches being divested by BankAmerica, including $500 million of deposits and $167 million in loans. Federal regulators are requiring the divestiture as part of BankAmerica's planned merger with NationsBank Corp.

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.