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Southwest Bancorp slashes quarterly dividend

Stock quotes in this article: OKSB , TBBK , TRU  

STILLWATER, Okla. (AP) — Southwest Bancorp Inc. said Friday it would slash its quarterly dividend by 75 percent to prepare for higher fees expected to be imposed by the Federal Deposit Insurance Corp. to replenish its funds.

The parent of Stillwater National Bank and Trust Company and Bank of Kansas said its first-quarter dividend would be 2.38 cents per share, down from 9.5 cents each quarter in 2008.

It is payable April 1 to shareholders of record as of March 17. ...

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