Company Research Report: BOK Financial Corporation
Company Overview
- Name: BOK Financial Corporation
- Mission: BOK Financial aims to create opportunity, stability, and success for its clients, teams, and communities. The company emphasizes strategic growth, technological advancement, risk management, and community engagement.
- Founded: The company began as a local capital source for the energy industry in the year 1910.
- Founded by: No information is available.
- Key People:
- George Kaiser: Majority shareholder and Chair of the Board
- Stacy Kymes: President & CEO
- Headquarters: Tulsa, Oklahoma, USA
- Number of Employees: 4,966 full-time employees in 2023
- Revenue: The net income for 2023 was $531 million.
- Notable For: BOK Financial is known for offering comprehensive financial services including wealth, commercial, and consumer banking products. It is also renowned for its strong commitment to community advancement and sustainability through strategic ESG initiatives.
Products
- Commercial Banking: Offers services including loans, deposits, and treasury management for businesses.
- Key Features: Provides flexible financial solutions tailored to business needs.
- Consumer Banking: Includes a variety of personal banking services like checking and savings accounts, loans, and electronic banking.
- Key Features: Emphasizes easy account management and personal service.
- Wealth Management: Comprehensive services for wealth accumulation and management, including investment, trust, and financial advisory services.
- Key Features: Tailored advice and specialized strategies to meet individual financial goals.
- Investment and Brokerage Services: Provides brokerage trading and investment services through BOK Financial Securities, Inc.
- Key Features: Skilled advisory services, investment management, and trading capabilities.
- Mortgage Services: Mortgage origination and servicing to help clients purchase and maintain home ownership.
- Key Features: Competitive rates and personalized mortgage solutions.
- Electronic Funds Transfer Network: Includes services provided by TransFund, which delivers electronic payment solutions.
- Key Features: Secure and efficient transaction processing.
Recent Developments
- Recent Developments in the Company: BOK Financial has consistently focused on strategic growth and community involvement. This includes their commitment to increase employee engagement in community projects and continued financial support for nonprofit initiatives.
- New Products Launched: No information is available regarding new product launches.
- New Features Added to Existing Products: No specific information is available about new features added to existing products.
- New Partnerships: No information is available regarding new partnerships.
This report provides a comprehensive overview of BOK Financial Corporation based on the data available. The company has a strong commitment to both financial performance and community contribution, notably through its ESG initiatives led by George Kaiser and executed by its dedicated team.
