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Southwest Bancorp, Inc. Announces Pricing of $50 Million Underwritten Public Offering of Common Shares
Date:4/27/2010

STILLWATER, Okla., April 27 /PRNewswire-FirstCall/ -- Southwest Bancorp, Inc. (Nasdaq: OKSB), ("Southwest"), today announced that it has priced its underwritten public offering of 4,000,000 shares of common stock at a price to the public of $12.50 per share for net proceeds of approximately $47.0 million.  The offering was increased from the previously announced offering size of approximately $40 million.  The offering is expected to close on April 29, 2010.

(Logo: http://www.newscom.com/cgi-bin/prnh/20011127/SOUTHWESTLOGO)

The proceeds from the offering will be used to increase the Company's working capital and for general corporate purposes, including investment in its banking subsidiaries, Stillwater National Bank and Trust Company and Bank of Kansas. Pending these uses, the Company may invest net proceeds in marketable investment securities or short-term, interest-bearing assets.

Stifel, Nicolaus & Company, Incorporated is the sole book-running manager in the offering.  The co-manager is Stephens Inc.  The Company has granted to the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock to cover over-allotments, if any.

The Company has filed a registration statement (including a prospectus and pr
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SOURCE Southwest Bancorp, Inc.
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