Legacy Bank expands presence in Tulsa

Legacy Bank & Trust Co. is expanding its Tulsa, Oklahoma, footprint with the addition of office and branch space in a newly constructed building.

Katrina Sweaney, the company's senior vice president and director of human resources, said via email it has leased 14,222 square feet in a roughly 260,000-square-foot property for undisclosed terms. The building, which originally was planned as the headquarters for WPX Energy, is known as 222 North Detroit, according to media reports.

The Springfield-based bank is occupying the entire third floor of the building for corporate offices, as well as 3,000 square feet on the first floor for a full-service branch, according to a news release.

"This is the premier Class A office building in Tulsa," said Brett Magers, Legacy Bank president, in the release. "We couldn’t be more excited to announce this move as it highlights our commitment to serve the Tulsa market. We looked at several locations in the area to locate our Tulsa headquarters, but none compared to this location."

Legacy Bank entered the Tulsa market early last year with a loan production office. Shortly after, the office was expanded to a full-service branch, according to past reporting. That location is slated to stay open, and Legacy also has plans for a branch in southern Tulsa.

Since launching in the market, Legacy Bank has generated loans totaling more than $100 million and deposits nearing $60 million, according to the release.

“We have been extremely pleased with the growth we have experienced in Tulsa in such a short period of time," said Jeremy Loftin, Legacy Bank chief operations officer, in the release.

Earlier this month, Legacy Bank and its and its holding company, Ozark Heritage Financial Group Inc., closed on the acquisition of Dallas-based Crain Mortgage Group LLC. The deal creates a new division for the Springfield company called Legacy Capital, the rebranded name for Crain Mortgage Group, according to past reporting.