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):  February 22, 2007

Southwest Bancorp, Inc.

(Exact name of registrant as specified in its charter)

COMMISSION FILE NUMBER:  

OK
(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)

405-372-2230

(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

At its meeting of February 22, 2007, the Board of Directors of Southwest Bancorp, Inc. declared a cash dividend of $0.0925 per share on its common stock, payable April 2, 2007 to shareholders of record as of March 16, 2007. The press release announcing this dividend is attached as Exhibit 99 and 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:	February 23, 2007

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:	FRIDAY, FEBRUARY 23, 2007

STILLWATER, OK—Southwest Bancorp, Inc. (NASDAQ:OKSB), parent company of Stillwater National Bank & Trust Company and SNB Bank of Wichita, recently announced that an $0.0925 per share cash dividend on its common stock was declared for the first quarter of 2007. This is an increase of 12.1% over the quarterly dividends that were paid in each of the four quarters of 2006. Since going public in 1993, the company has increased the dividend each year.

This dividend will be distributed to shareholders of record as of March 16, 2007, and is payable on April 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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