BOK banks closing some branches, including one in Kansas
12/02/2013 5:23 PM
12/02/2013 5:23 PM
Three banks owned by a Tulsa-based company are closing four branches, including one in Kansas.
A BOK Financial Corp. official confirmed Monday that documents filed last week with the federal Office of the Comptroller of the Currency are for the closing of bank branches in Colorado, Kansas and Texas.
BOK is a $26.9 billion bank holding company that operates seven banks in the Midwest and the Southwest. The company also operates Bank of Oklahoma Mortgage at 8110 E. 32nd St. North in Wichita.
According to branch closing notices filed with the OCC on Nov. 25, Bank of Texas plans to close branches at 11103 Fondren in Houston and at 2925 Custer Road in Plano. Colorado State Bank and Trust plans to close a branch at 5901 E. Colfax in Denver. And Bank of Kansas City plans to close an Overland Park office at 7500 College Blvd.
BOK Financial spokeswoman Andrea Myers said Monday that the company is continuously looking to increase efficiency and lower costs, and the branch closings are examples of that.
“These closures are spread throughout our eight-state retail footprint, and in most cases, there is another branch within two or three miles of each,” Myers said.
She added that changing consumer preferences toward mobile and Internet banking are also driving the decision to close some branches.
“This shift in consumer behavior is resulting in consolidations throughout the banking industry,” Myers said. “We anticipate at least half of the impacted employees will find other positions within the company.”
The closings will leave Bank of Texas with 46 branches and Colorado State Bank with 12. The paring of branches will leave Bank of Kansas City with one office, at 12112 Metcalf in Overland Park.
She said the bank does not have plans for additional branch closures.