UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              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):
                                 August 28, 2007

                           BOK FINANCIAL CORPORATION

             (Exact name of registrant as specified in its charter)



         Oklahoma                       000-19341              73-1373454
         --------                       ---------              ----------
(State or other jurisdiction           (Commission            (IRS Employer
     of incorporation)                 File Number)         Identification No.)


  Bank of Oklahoma Tower, Boston Avenue at Second Street, Tulsa, Oklahoma 74172
                    (Address of principal executive offices)

               Registrant's telephone number, including area code:
                                 (918) 588-6000

                                       N/A
          (Former name or former address, if changes since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425).

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12).

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)).

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)).

<PAGE>

                    INFORMATION TO BE INCLUDED IN THE REPORT


ITEM 8.01  Other Events

BOK Financial Corporation Aligns Personnel Expenses with Revenue Growth

As part of a strategy to streamline  operations and to align personnel  expenses
with revenue  growth,  BOK Financial began an initiative to reduce its workforce
by  approximately  5%, or  approximately  200 jobs. This reduction  affects both
management and staff level jobs  throughout all of BOK  Financial's  eight-state
region. This action began today, August 28th, and is expected to be completed by
the end of the third quarter of this year.

Since the beginning of 2005, the company has experienced  significant growth and
has added over 800 jobs. The company will continue to employ approximately 4,300
employees at the conclusion of this workforce reduction.

Third  quarter  earnings  will include a pre-tax  charge of  approximately  $3.9
million for  severance  and other  costs.  Management  expects  that these staff
reductions,  including  elimination of unfilled positions and associated benefit
costs, will result in an ongoing quarterly pre-tax savings of approximately $4.0
million.


Forward-Looking Statements

This  announcement  contains  forward-looking   statements  that  are  based  on
management's  beliefs,   assumptions,   current   expectations,   estimates  and
projections about BOK Financial, the financial services industry and the economy
generally.  Words such as  "anticipates,"  "believes,"  "estimates,"  "expects,"
"forecasts,"   "plans,"  "projects,"   variations  of  such  words  and  similar
expressions  are intended to identify  such  forward-looking  statements.  These
statements are not guarantees of future  performance  and involve certain risks,
uncertainties,  and  assumptions  which are  difficult to predict with regard to
timing, extent, likelihood and degree of occurrence.  Therefore,  actual results
and outcomes may materially differ from what is expected,  implied or forecasted
in such  forward-looking  statements.  Internal and external  factors that might
cause such a difference include, but are not limited to (1) the ability to fully
realize expected cost savings from mergers within the expected time frames,  (2)
the ability of other  companies on which BOK  Financial  relies to provide goods
and services in a timely and accurate manner,  (3) changes in interest rates and
interest  rate  relationships,  (4) demand for  products and  services,  (5) the
degree of competition by traditional and nontraditional competitors, (6) changes
in banking regulations, tax laws, prices, levies and assessments, (7) the impact
of technological  advances and (8) trends in consumer  behavior as well as their
ability to repay loans. BOK Financial and its affiliates undertake no obligation
to update, amend or clarify forward-looking  statements,  whether as a result of
new information, future events, or otherwise.


About BOK Financial Corporation

BOK Financial is a regional financial services company that provides  commercial
and consumer banking,  investment and trust services,  mortgage  origination and
servicing,  and an electronic funds transfer  network.  Holdings include Bank of
Albuquerque,  N.A.,  Bank of Arizona,  N.A.,  Bank of  Arkansas,  N.A.,  Bank of
Oklahoma,  N.A., Bank of Texas, N.A., Colorado State Bank & Trust, N.A., Bank of
Kansas City, N.A., BOSC, Inc., the TransFund electronic funds network, Southwest
Trust Company, N.A. and AXIA Investment Management, Inc. Shares of BOK Financial
are traded on the NASDAQ  under the symbol  BOKF.  For more  information,  visit
www.bokf.com.

<PAGE>

                                    Signature

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.


                                        BOK FINANCIAL CORPORATION


                                    By: /s/  Steven E. Nell
                                        -------------------------------
                                        Steven E. Nell
                                        Executive Vice President
                                        Chief Financial Officer

Date:    August 28, 2007
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{"company-data": {"conformed-name": "BOK FINANCIAL CORP ET AL", "cik": "0000875357", "assigned-sic": "6021", "irs-number": "731373454", "state-of-incorporation": "OK", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19341", "film-number": "071083639"}, "business-address": {"street1": "BANK OF OKLAHOMA TOWER", "street2": "PO BOX 2300", "city": "TULSA", "state": "OK", "zip": "74192", "phone": "9185953025"}, "mail-address": {"street1": "BANK OF OKLAHOMA TOWER", "street2": "P O BOX 2300", "city": "TULSA", "state": "OK", "zip": "74192"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                              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):
                                 August 28, 2007

                           BOK FINANCIAL CORPORATION

             (Exact name of registrant as specified in its charter)

         Oklahoma                       000-19341              73-1373454
         --------                       ---------              ----------
(State or other jurisdiction           (Commission            (IRS Employer
     of incorporation)                 File Number)         Identification No.)

  Bank of Oklahoma Tower, Boston Avenue at Second Street, Tulsa, Oklahoma 74172
                    (Address of principal executive offices)

               Registrant's telephone number, including area code:
                                 (918) 588-6000

                                       N/A
          (Former name or former address, if changes since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425).

|_| Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12).

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)).

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c)).
INFORMATION TO BE INCLUDED IN THE REPORT

ITEM 8.01  Other Events

BOK Financial Corporation Aligns Personnel Expenses with Revenue Growth

As part of a strategy to streamline  operations and to align personnel  expenses
with revenue  growth,  BOK Financial began an initiative to reduce its workforce
by  approximately  5%, or  approximately  200 jobs. This reduction  affects both
management and staff level jobs  throughout all of BOK  Financial's  eight-state
region. This action began today, August 28th, and is expected to be completed by
the end of the third quarter of this year.

Since the beginning of 2005, the company has experienced  significant growth and
has added over 800 jobs. The company will continue to employ approximately 4,300
employees at the conclusion of this workforce reduction.

Third  quarter  earnings  will include a pre-tax  charge of  approximately  $3.9
million for  severance  and other  costs.  Management  expects  that these staff
reductions,  including  elimination of unfilled positions and associated benefit
costs, will result in an ongoing quarterly pre-tax savings of approximately $4.0
million.

Forward-Looking Statements

This  announcement  contains  forward-looking   statements  that  are  based  on
management's  beliefs,   assumptions,   current   expectations,   estimates  and
projections about BOK Financial, the financial services industry and the economy
generally.  Words such as  "anticipates,"  "believes,"  "estimates,"  "expects,"
"forecasts,"   "plans,"  "projects,"   variations  of  such  words  and  similar
expressions  are intended to identify  such  forward-looking  statements.  These
statements are not guarantees of future  performance  and involve certain risks,
uncertainties,  and  assumptions  which are  difficult to predict with regard to
timing, extent, likelihood and degree of occurrence.  Therefore,  actual results
and outcomes may materially differ from what is expected,  implied or forecasted
in such  forward-looking  statements.  Internal and external  factors that might
cause such a difference include, but are not limited to (1) the ability to fully
realize expected cost savings from mergers within the expected time frames,  (2)
the ability of other  companies on which BOK  Financial  relies to provide goods
and services in a timely and accurate manner,  (3) changes in interest rates and
interest  rate  relationships,  (4) demand for  products and  services,  (5) the
degree of competition by traditional and nontraditional competitors, (6) changes
in banking regulations, tax laws, prices, levies and assessments, (7) the impact
of technological  advances and (8) trends in consumer  behavior as well as their
ability to repay loans. BOK Financial and its affiliates undertake no obligation
to update, amend or clarify forward-looking  statements,  whether as a result of
new information, future events, or otherwise.

About BOK Financial Corporation

BOK Financial is a regional financial services company that provides  commercial
and consumer banking,  investment and trust services,  mortgage  origination and
servicing,  and an electronic funds transfer  network.  Holdings include Bank of
Albuquerque,  N.A.,  Bank of Arizona,  N.A.,  Bank of  Arkansas,  N.A.,  Bank of
Oklahoma,  N.A., Bank of Texas, N.A., Colorado State Bank & Trust, N.A., Bank of
Kansas City, N.A., BOSC, Inc., the TransFund electronic funds network, Southwest
Trust Company, N.A. and AXIA Investment Management, Inc. Shares of BOK Financial
are traded on the NASDAQ  under the symbol  BOKF.  For more  information,  visit
www.bokf.com.
Signature

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.

                                        BOK FINANCIAL CORPORATION

                                    By: /s/  Steven E. Nell
                                        -------------------------------
                                        Steven E. Nell
                                        Executive Vice President
                                        Chief Financial Officer

Date:    August 28, 2007