Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  March 29, 2001
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                             Southwest Bancorp, Inc.
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             (Exact name of registrant as specified in its charter)


     Oklahoma                       0-23064                    73-1136584
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(State or other jurisdiction      (Commission file           (IRS Employer
of incorporation)                    number)              Identification Number)


608 South Main Street, Stillwater, Oklahoma        74074
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(Address of Principal Executive Offices)         (Zip Code)


Registrant's telephone number, including area code:  (405) 372-2230
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Item 5. Other Events.
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Share Repurchase Plan

         On March 29, 2001,  the Board of Directors of Southwest  Bancorp,  Inc.
("Southwest") authorized a program for the repurchase of up to 5% of Southwest's
outstanding  common stock,  par value $1.00 per share. in connection with shares
expected to be issued under Southwest's dividend reinvestment, stock option, and
employee benefit plans and for other corporate  purposes.  The share repurchases
are  expected  to be made  primarily  on the open market from time to time until
March 31, 2002, or earlier  termination of the repurchase  program by the Board.
Repurchases under the program will be made at the discretion of management based
upon market, business, legal, accounting and other factors.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(a)      Financial Statements. Not applicable.
(b)      Pro Forma Financial Information.  Not applicable.
(c)      Exhibits 99--Press Release date April 3, 2001

                                                     Signatures

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                     Southwest Bancorp, Inc.

                                     By:  /s/ Rick J. Green
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                                          Rick J. Green, Chief Executive Officer
Dated: April 3, 2001