KCCU News
3:16 am
Thu November 13, 2008

BOK and BancFirst won't join program

Oklahoma City, OK – Two of Oklahoma's largest banking companies are turning down an offer by the Treasury Department of additional capital.

BOK Financial and BancFirst Corp. say they don't need and don't want help from a program offering additional money to financial institutions.

The U.S. Treasury's Capital Purchase Program is an effort to stabilize the financial services sector. The Treasury Department receives preferred stock and warrants in return for the investment.

BOK officials say the additional funds aren't needed and BancFirst says it has a ``solid capital base.''