-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NeOMlrNEXsivjiCsGJT1yN3AZSEGcDO8nVM8scYymS0MI/5PZtYvHACmoKaIMqvS PD+EzEpZdmDU4L9UQv0baQ== 0000875357-10-000005.txt : 20100211 0000875357-10-000005.hdr.sgml : 20100211 20100210173758 ACCESSION NUMBER: 0000875357-10-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100210 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100211 DATE AS OF CHANGE: 20100210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOK FINANCIAL CORP ET AL CENTRAL INDEX KEY: 0000875357 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 731373454 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19341 FILM NUMBER: 10588785 BUSINESS ADDRESS: STREET 1: BANK OF OKLAHOMA TOWER STREET 2: PO BOX 2300 CITY: TULSA STATE: OK ZIP: 74192 BUSINESS PHONE: 9185953025 MAIL ADDRESS: STREET 1: BANK OF OKLAHOMA TOWER STREET 2: P O BOX 2300 CITY: TULSA STATE: OK ZIP: 74192 8-K 1 form8k021010.txt FORM 8-K 021010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 10, 2010 BOK FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Oklahoma 000-19341 73-1373454 -------- --------- ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Bank of Oklahoma Tower, Boston Avenue at Second Street, Tulsa, Oklahoma 74172 (Address of principal executive offices) Registrant's telephone number, including area code: (918) 588-6000 ______________________N/A__________________________ (Former name or former address, if changes since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). INFORMATION TO BE INCLUDED IN THE REPORT ITEM 8.01 - Other Events On February 9, 2010, Bank of Oklahoma, N.A., a wholly-owned subsidiary of BOK Financial Corporation finalized an agreement to purchase the rights to service approximately $4.1 billion of residential mortgage loans from Charter Bank, Albuquerque, New Mexico, for $34 million in cash. A copy of the press release announcing this transaction is attached as Exhibit 99.1 to this Form 8-K. ITEM 9.01 Financial Statement and Exhibits (c) Exhibits 99.1 Press Release titled "BOK Financial Purchases Rights to Service $4.1 Billion Mortgage Loans from Albuquerque-Based Charter Bank," and dated February 9, 2010 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BOK Financial Corporation By: /s/ Steven E. Nell _________________________________ Steven E. Nell Executive Vice President Chief Financial Officer Date: February 10, 2010 EX-99 2 exhibit99.txt 99.1 PRESS RELEASE Exhibit 99.1 NASD: BOKF For Immediate Release Contact: - --------------------- February 9, 2010 Jesse Boudiette (918) 588-6532 Francie Monteith (505) 222-8488 BOK FINANCIAL PURCHASES RIGHTS TO SERVICE $4.1 BILLION MORTGAGE LOANS FROM ALBUQUERQUE-BASED CHARTER BANK The acquisition increases BOK Financial's existing mortgage activity and enhances mortgage servicing market share for its Bank of Albuquerque subsidiary Tulsa-based BOK Financial Corp. has acquired the rights to service a $4.1 billion portfolio of mortgage loans from Albuquerque-based Charter Bank. The 34,400 loans are largely concentrated in New Mexico, with the remainder representing Texas, Oklahoma, Kansas, Arizona, Colorado and Idaho. The loans to be serviced by BOK Financial are predominantly held by Fannie Mae, Freddie Mac and Ginnie Mae. The acquisition will mean a 46% increase of BOK Financial's current $7.4 billion mortgage servicing portfolio. "We are pleased to announce the completion of this acquisition," said BOK Financial President and CEO Stan Lybarger. "This is an attractive portfolio and we are eager to serve the needs of our new customers." The acquisition follows a very successful year in 2009 for BOK Financial's mortgage group, which funded just over $3 billion in loans in 2009, up sharply from $1.3 billion in 2008. Although the acquisition is complete, the actual transfer of mortgage loans will take place in early April. Prior to the transfer, in mid March, customers will receive detailed communication explaining how to make mortgage payments in the future. The advance communication will provide details about the exact date of transfer and will provide contact information for questions. "We have a local presence in Albuquerque, with a local mortgage team to meet future mortgage needs. In addition, "Our mortgage servicing team is very talented and we already service loans for most of these markets represented by this acquisition." said Ben Cowen, President of BOK Financial's mortgage group. The full-service local market bank subsidiaries of BOK Financial provide the new customers with additional options for service and also access to an expansive set of products and services to address any additional financial needs they may have. Approximately three quarters of the acquired mortgage loans are with customers in New Mexico, where BOK Financial operates its Bank of Albuquerque subsidiary. "We are pleased to have this opportunity to welcome our new customers and are confident they will enjoy working with our professional team of bankers.," said Bank of Albuquerque Chairman Jennifer Thomas. About Bank of Albuquerque Bank of Albuquerque offers the strength and diverse products and services of a big bank with the thoughtful service style of a community bank. The bank offers convenience, with 22 branch locations, 24-hour ExpressBank customer service and 7-day-a-week banking in select Albertsons stores. Customer service and more information is available at 505.855.0855, online at www.bankofalbuquerque.com or any branch location. About BOK Financial Corp. BOK Financial is a regional financial services company that provides commercial and consumer banking, investment and trust services, mortgage origination and servicing, and an electronic funds transfer network. Holdings include Bank of Albuquerque, N.A., Bank of Arizona, N.A., Bank of Arkansas, N.A., Bank of Oklahoma, N.A., Bank of Texas, N.A., Colorado State Bank & Trust, N.A., Bank of Kansas City, N.A., BOSC, Inc., Cavanal Hill Investment Management, Inc., the TransFund electronic funds network, and Southwest Trust Company, N.A. Shares of BOK Financial are traded on the NASDAQ under the symbol BOKF. For more information, visit www.bokf.com. -----END PRIVACY-ENHANCED MESSAGE-----