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Ben Cowen Named As New Of President BOK Financial's Mortgage Company

BOK Financial Corporation (NASDAQ symbol BOKF) is a Top – 40 $21billion financial holding company based in Tulsa, Oklahoma.  The company operates 7 bank subsidiaries in 8 states throughout the Midwest, Southwest and Rocky Mountain regions, consisting of 189 banking locations.  Additionally, it owns TransFund, the nation’s 8th largest electronic funds transfer (ATM) network, which services over 380 financial institutions throughout 12 states.  BOKF offers wealth management services nationwide with assets under management totaling $36 billion, including $13.9 billion in discretionary assets. It leads the state of Oklahoma in consumer, commercial and mortgage banking transactions with over 80 locations statewide and marked its 17th consecutive year of record earnings in 2007.  BOKF has been recognized as one of the 400 Best Big Companies in America by Forbes for the past two years.

Cowen officially took direction of BOK Mortgage on December 15th, reporting to BOKF Senior Executive Vice President Steve Bradshaw.  Cowen’s appointment is part of BOK Financial’s focus on growing the mortgage company while adapting to the changing mortgage climate and the challenging U.S. economy. “While this environment creates additional risk and poses some potential changes to the way we do business, I clearly see opportunities for us”, Bradshaw commented.  “One of Ben’s first priorities will be to analyze our business model and sales structure to determine whether we need to modify our product set, pricing strategy or delivery methods.  I’m confident Ben will deliver the strong leadership and clear vision we need to outperform our competitors.”

Dallas based Mortgage Search & Acquisition (MSA) conducted the nationwide search for the lender’s top spot.  MSA President Tami Coffey commented, “This search resulted in a substantial candidate pool, however Ben was a clearly a front runner from the beginning; his career has been centered around the responsible growth of mortgage banking based organizations under his direction.  We felt that the BOK culture was a great match for Ben both personally and professionally.”

Mortgage Search & Acquisition operates offices in Dallas and Reno, specializing in executive search and acquisition services for the financial services sector.  

Cowen brings over 25 years of mortgage banking experience in multiple production channels to BOK Financial, including retail, wholesale, correspondent lending and consumer based banking.  His most current role was with LendingTree as National Sales Director.  He previously served as Senior Vice President at Wachovia, managing national wholesale and branch operations.  From 1996 to 2004, Ben held executive leadership roles with Bank of America in the areas of Operations, Sales, Correspondent Lending and as Senior Vice President of its National Growth and Strategy Group.  Cowen earned a Bachelor of Science degree in Accounting from the University of Houston in 1981 and is a certified Six Sigma Green Belt.  Cowen will relocate to Tulsa from his current residence in Charlotte, North Carolina.

“I’m looking forward to leading BOK Financial’s mortgage company” said Cowen.  “This is a strong bank with a great foundation and an excellent track record.  I’m eager to improve its competitive position in the fast growing markets we serve.”

For additional information, please contact Tami Coffey at Mortgage Search & Acquisition at 214-733-8989 (www.MSArecruiting.com) or BOK Financial at 918-588-6000.

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