Seeking to join a group dominated by money-center, foreign, and superregional banks, a $5 billion-asset Oklahoma bank has applied to the Federal Reserve for section 20 powers.

Approval would make Tulsa-based BOK Financial Corp. the smallest bank holding company with a securities underwriting and dealing unit. The smallest now is $5.3 billion-asset Dauphin Deposit Corp. of Lancaster, Pa.

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.