Bank of Oklahoma is committed to being an active participant in the communities we serve.
Through the relationships established with our community partners, we help to promote activities such as providing affordable housing for low- and moderate-income individuals, promoting small business development efforts and providing financial education and driving revitalization projects.
Our mission is to help low-and moderate-income individuals build assets and create wealth, which help stabilize and revitalize our communities.
We offer financing for the construction, renovation and preservation of affordable housing. These loans are available to investors and developers of affordable housing in the low- and moderate-income neighborhoods where we do business.
We offer the following types of financing:
Credit is subject to approval. Normal credit standards apply. Programs, rates, terms and conditions are subject to change without notice.
BOKF Community Development Funds invest in funds that provide intermediary financing to businesses that have historically not been able to readily access the capital markets therefore providing capital for small businesses to grow and succeed.
We invest in the following type of community development funds:
Community Development Financial Institution (CDFIs): By Investing in CDFI, we support neighborhood-based, for-profit and nonprofit financial institutions that provide critical capital and financial services to underserved communities.
Low Income Housing Tax Credit Investments (LIHTCs): We are an equity investor in rental housing for low- and moderate-income individuals and families. By investing in Low Income Housing Tax Credit projects, the bank can invest in affordable housing initiatives that have sustainable impact in our communities where we do business.
Grants and Contributions: Bank of Oklahoma provides financial assistance to help fund many organizations that administer community service programs to low- and moderate-income individuals, revitalize and stabilize low- and moderate-income areas, provide homebuyer and financial education, as well as many other services that help to strengthen the communities in which we serve.
Bank of Oklahoma works with its community partners to provide financial education classes for adults and students to help individuals and families build assets and create wealth.
The federal Community Reinvestment Act (CRA), enacted in 1977, requires banks to help meet the credit needs of the communities they serve, including low- and moderate-income communities.
BOKF, NA, doing business as Bank of Oklahoma, which is subject to the regulation has an "Outstanding" CRA rating.
© 2014 Bank of Oklahoma, a division of BOKF, NA. Member FDIC. Equal Housing Lender.