Southwest Bancorp, Inc. Announces New Share Repurchase Program

Apr 03, 2001, 01:00 ET from Southwest Bancorp, Inc.

    STILLWATER, Okla., April 3 /PRNewswire/ --
 Southwest Bancorp, Inc.  (Nasdaq: OKSB) today announced that its board of
 directors has authorized the repurchase of up to an additional 5%, or
 approximately 190,000 shares.  The additional repurchases would be made in
 connection with shares expected to be issued under Bancorp's dividend
 reinvestment, stock option, and employee benefit plans and for other corporate
 purposes.  The share repurchases are expected to be made primarily on the open
 market from time to time until March 31, 2002, or earlier termination of the
 repurchase program by the Board.  Repurchases under the program will be made
 at the discretion of management based upon market, business, legal, accounting
 and other factors.  Southwest's previously authorized share repurchase program
 expires on April 30, 2001.
     Rick J. Green, President and Chief Executive Officer of Southwest Bancorp,
 stated that the company believes the share repurchase program is in the best
 interests of Southwest and its shareholders.  Southwest's outstanding shares
 of common stock trade on the Nasdaq National Market under the symbol OKSB, and
 closed at a price of $22.25 per share on April 2, 2001.
 
     Oklahoma's Own Southwest Bancorp, Inc.
     Southwest Bancorp, Inc., and the Stillwater National Bank and Trust
 Company are independent, Oklahoma institutions, and are not controlled by out
 of state organizations or individuals.  Southwest has established and pursued
 a strategy of independent operation for the benefit of all of its
 shareholders, and has capitalized on its position as an Oklahoma owned and
 operated banking organization to increase its banking business.
     Southwest offers a broad range of commercial and consumer lending and
 deposit services, and devotes substantial efforts to marketing and providing
 services to local businesses, their primary employees, and to other managers
 and professionals living and working in its Oklahoma market areas.
 Southwest's marketing and delivery system does not rely on an extensive branch
 network.  Stillwater National operates six offices located in Stillwater,
 Tulsa, Oklahoma City and Chickasha, Oklahoma; loan production offices on the
 campuses of the University of Oklahoma Health Sciences Center and Oklahoma
 State University-Tulsa and a marketing presence in the Student Union at
 Oklahoma State University-Stillwater and in two American Automobile
 Association ("AAA") Oklahoma offices as sole provider of financial services
 for the AAA Oklahoma organization.  Stillwater National offers Internet
 banking services to commercial and individual customers through SNB
 DirectBanker(TM).  As of December 31, 2000, Southwest had consolidated assets
 of approximately $1.2 billion.
 
 

SOURCE Southwest Bancorp, Inc.
    STILLWATER, Okla., April 3 /PRNewswire/ --
 Southwest Bancorp, Inc.  (Nasdaq: OKSB) today announced that its board of
 directors has authorized the repurchase of up to an additional 5%, or
 approximately 190,000 shares.  The additional repurchases would be made in
 connection with shares expected to be issued under Bancorp's dividend
 reinvestment, stock option, and employee benefit plans and for other corporate
 purposes.  The share repurchases are expected to be made primarily on the open
 market from time to time until March 31, 2002, or earlier termination of the
 repurchase program by the Board.  Repurchases under the program will be made
 at the discretion of management based upon market, business, legal, accounting
 and other factors.  Southwest's previously authorized share repurchase program
 expires on April 30, 2001.
     Rick J. Green, President and Chief Executive Officer of Southwest Bancorp,
 stated that the company believes the share repurchase program is in the best
 interests of Southwest and its shareholders.  Southwest's outstanding shares
 of common stock trade on the Nasdaq National Market under the symbol OKSB, and
 closed at a price of $22.25 per share on April 2, 2001.
 
     Oklahoma's Own Southwest Bancorp, Inc.
     Southwest Bancorp, Inc., and the Stillwater National Bank and Trust
 Company are independent, Oklahoma institutions, and are not controlled by out
 of state organizations or individuals.  Southwest has established and pursued
 a strategy of independent operation for the benefit of all of its
 shareholders, and has capitalized on its position as an Oklahoma owned and
 operated banking organization to increase its banking business.
     Southwest offers a broad range of commercial and consumer lending and
 deposit services, and devotes substantial efforts to marketing and providing
 services to local businesses, their primary employees, and to other managers
 and professionals living and working in its Oklahoma market areas.
 Southwest's marketing and delivery system does not rely on an extensive branch
 network.  Stillwater National operates six offices located in Stillwater,
 Tulsa, Oklahoma City and Chickasha, Oklahoma; loan production offices on the
 campuses of the University of Oklahoma Health Sciences Center and Oklahoma
 State University-Tulsa and a marketing presence in the Student Union at
 Oklahoma State University-Stillwater and in two American Automobile
 Association ("AAA") Oklahoma offices as sole provider of financial services
 for the AAA Oklahoma organization.  Stillwater National offers Internet
 banking services to commercial and individual customers through SNB
 DirectBanker(TM).  As of December 31, 2000, Southwest had consolidated assets
 of approximately $1.2 billion.
 
 SOURCE  Southwest Bancorp, Inc.