Bank of Oklahoma Rates & Review

Bank of Oklahoma Review

Bank of Oklahoma is a $23 billion regional financial services company based in Tulsa, Oklahoma. The bank's assets are held in seven subsidiaries: Bank of Oklahoma, Bank of Texas, Bank of Albuquerque, Bank of Arizona, Bank of Arkansas, Colorado State Bank and Trust, and Bank of Kansas City. The bank has full-service branches in eight states, provides brokerage services in 10 states, and operates an electronic funds transfer network across 14 states.

Bank of Oklahoma provides personal, commercial, and business banking, as well as wealth management services. Among the personal banking products offered are a full range of checking accounts, including a free checking account and an interest-bearing account. The bank also offers savings products including CDs, money market accounts, and a traditional savings account. Customers also can choose from various loan products, such as home equity loans, mortgages, and credit cards. Money deposited in accounts is insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000.

The bank also aims to develop long-term relationships with business customers. Services provided to businesses are loans and lines of credit, leasing services, corporate credit cards, and merchant credit card payment services.

Bank of Oklahoma is committed to working with organizations in the communities it serves. It has developed relationships with more than 800 nonprofit agencies, and in 2007 its employees contributed more than 46,500 hours of community service to those agencies. Among the activities the bank promotes are revitalization projects, financial education, and efforts to promote affordable housing for low- and moderate-income individuals.