8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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):  November 20, 2006

Southwest Bancorp, Inc.

(Exact name of registrant as specified in its charter)

COMMISSION FILE NUMBER:  

405-372-2230
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

608 South Main Street

Stillwater, OK 74074

(Address and zip code of principal executive offices)

OK

(Registrant's telephone number, including area code)

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))

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Item 7.01 REGULATION FD DISCLOSURE

Exhibit 99 is incorporated herein by reference.

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.

Southwest Bancorp, Inc.
By:	/s/ Rick Green
Name:	Rick Green
Title:	President and CEO
Date:	Monday, November 20, 2006

EX-99

SOUTHWEST BANCORP, INC.

DECLARES DIVIDEND ON COMMON STOCK

CONTACT:  RICK J. GREEN, PRESIDENT & C.E.O. 

   KERBY E. CROWELL, EXECUTIVE VICE PRESIDENT & C.F.O.

TELEPHONE: (405) 372-2230  (800) 727-2230

RELEASE DATE: MONDAY, NOVEMBER 20, 2006

STILLWATER, OK—Southwest Bancorp, Inc. (NASDAQ:OKSB), parent company of Stillwater National Bank & Trust Company and SNB Bank of Wichita, recently announced that an $0.0825 per share cash dividend on its common stock was declared for the fourth quarter of 2006. This is an increase of 10% over the quarterly dividends that were paid in each of the four quarters of 2005. Since going public in 1993, the company has increased the dividend each year.

This dividend will be distributed to shareholders of record as of December 18, 2006, and is payable on January 2, 2007.

Southwest Bancorp, Inc. has paid a dividend every year since it was organized in 1981. Southwest Bancorp, Inc. is a publicly owned holding company headquartered in Stillwater, Oklahoma and has two financial institution subsidiaries. Stillwater National Bank & Trust Company has offices located in Stillwater, Tulsa, Oklahoma City and Chickasha, Oklahoma, Dallas, San Antonio, Austin and Houston, Texas and the Kansas City, Kansas area. SNB Bank of Wichita is located in Wichita, Kansas.

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