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): | June 28, 2011 |
Southwest Bancorp, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
| Oklahoma | 001-34110 | 73-1136584 |
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_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 608 South Main Street, Stillwater, Oklahoma | 74074 | |
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_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 405-372-2230 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
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))
Item 1.01 Entry into a Material Definitive Agreement.
On June 28, 2011, Southwest Bancorp, Inc. ("Southwest") (Nasdaq Global Select Market "OKSB"), entered into a settlement agreement with the Oklahoma State Tax Commission (the "Commission") with respect to certain claims by the Commission. Southwest has previously recorded reserves against these claims, as previously reported. As a result of the settlement agreement, Southwest has paid the sum of $4.8 million to the Commission and has recorded a net gain of approximately $3 million upon reversal of excess reserves.
Item 8.01 Other Events.
Nothing in this Form 8-K is intended to indicate the results of operations or financial condition of Southwest Bancorp, Inc. ("Southwest") and its consolidated subsidiaries at and for the quarter or first half ended June 30, 2011. Southwest will provide a separate report on Form 8-K including the results of its operations and its financial condition later in July 2011. Southwest’s past growth and performance do not necessarily indicate its future results.
SIGNATURES
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. | ||||
| July 1, 2011 | By: |
Rick Green
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| Name: Rick Green | ||||
| Title: President and CEO | ||||