The investment-grade notes are due 2040

Davis Polk advised the managers in connection with an offering by BOKF, NA, a wholly owned subsidiary bank of BOK Financial Corporation, of $400 million aggregate principal amount of fixed-rate reset subordinated notes due 2040. The subordinated notes were offered pursuant to Section 3(a)(2) of the Securities Act.

BOKF, NA is a national banking association headquartered in Tulsa, Oklahoma. It operates as Bank of Oklahoma primarily in the Tulsa and Oklahoma City metropolitan areas of Oklahoma and as Bank of Texas primarily in the Dallas, Fort Worth, Houston and San Antonio metropolitan areas of Texas, with total deposits of approximately $38.8 billion.

The Davis Polk capital markets team included partner Pedro J. Bermeo and associate Steven Glendon. The financial institutions team included partner Margaret E. Tahyar, counsel Suiwen Liang and associate Jackson J. Miner. The tax team included partner Corey M. Goodman and associate Valentin Van de Walle. All members of the Davis Polk team are based in the New York office.