UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549



                             FORM 10-Q



        Quarterly Report Pursuant to Section 13 or 15(d) of
                The Securities Exchange Act of 1934


For the quarter ended September 30, 1996 Commission file number 0-12047



                 UNITED OKLAHOMA BANKSHARES, INC.
      (Exact name of registrant as specified in its charter)

            Oklahoma                            73-09696432
    (State or other jurisdiction of        (I. R. S. Employer
    incorporation or organization)          Identification No.)

      4600 S.E. 29th Street
      Del City, Oklahoma                          73115
    (Address of principal executive offices)    Zip Code

Registrant's telephone number, including area code(405)677-8711





Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by section 13 or 15(d) of
the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant
was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.


                         [X] Yes    No[ ]



As of October 31, 1996, 2,532,237 shares of the registrant's
common stock, par value $1.00 per share, were outstanding.
<PAGE>
                   

                   

                   

                   PART 1. FINANCIAL INFORMATION

  Item 1. Financial Statements

            UNITED OKLAHOMA BANKSHARES, INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS
                (In thousands except earnings per share)
<TABLE>
                                     Nine months ended    Three months ended
                                      September 30,        September 30,
                                       1996    1995         1996    1995
                                       (Unaudited)          (Unaudited)
Interest income:
<S>                                     <C>     <C>         <C>     <C>
  Interest and fees on loans          $ 3,499   3,020       1,157    1,058  
  Interest on federal funds sold          127     115          36       16
  Interest on securities                1,202   1,319         401      446
    Total interest income               4,828   4,454       1,594    1,520

Interest expense:
  Interest on deposits                  1,843   1,900         600     643
  Interest on long-term debt              -        -            -       -
    Total interest expense              1,843   1,900         600     643

    Net interest income                 2,985   2,554         994     877

  Provision for loan losses               384     234          30      85   
  Net interest income after provision
    for loan losses                     2,601   2,320         964     792

Non-interest income:
  Service charges on deposits             600     590         206     209 
  Other service charges and fees, net     215     186          93      69
  Securities gains                          -      -            -       -
  Total non-interest income               815     776         299     278

Non-interest expense:
  Salaries and employee benefits        1,506    1,368        482     448  
  Occupancy expense, net                  176      189         61      84 
  Other real estate owned                   2     (17)         -      (26)  
  Other                                   706      769        157     230
 Total non-interest expense             2,390    2,309        700     736


  Income before income taxes            1,026      787        563     334

Income tax expense                        288      193        193      92

  Net income                            $ 738      594        370     242 

Earnings per share**                    $0.18     0.12        0.11    0.06

Average outstanding common shares       2,532   2,532       2,532   2,532

 **Earnings per share is calculated on year-to-date net income less the
 unpaid year-to-date preferred stock dividends.  Preferred stock dividends
 accrue at $98,000 per quarter.  See the Consolidated Balance Sheet,
 Stockholder Equity section for the number of authorized shares
 outstanding and total cumulated unpaid dividends.
</TABLE>
<PAGE>
         UNITED OKLAHOMA BANKSHARES, INC. AND SUBSIDIARIES
                    CONSOLIDATED BALANCE SHEETS
                            (Unaudited)
<TABLE>
<S>                                         <C>                 <C>
                                          September  30,      December 31,
                                            1996                1995
                                                (In thousands)
ASSETS
Cash and due from banks                   $ 4,144               2,584
Federal funds sold                          1,625               6,300
Investment securities                      26,416              28,800
Loans                                      47,162              44,144
  Unearned discounts                         -                    (2)
  Allowance for loan losses                 (752)               (538)
    Loans, net                             46,410              43,604
Property and equipment, net                 4,156               3,880
Other real estate                              47                  63
Accrued interest receivable                   507                 589
Accounts receivable                            86                  93
Other assets                                  123                 158
                                          $83,514              86,071
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
  Interest bearing                        $56,566              60,975
  Non-interest bearing                     16,587              15,295
    Total deposits                         73,153              76,270
Securities sold under repurchase agreement    -                  -
Deferred taxes                              1,170              1,209
Other liabilities                             754                769
  Total liabilities                        75,077             78,248
Commitments and contingencies                 -                 -
Stockholders'equity:
Preferred stock, 9% cumulative, nonvoting
  $30 par value, redeemable at the Company's
  option at par plus cumulative unpaid
  dividends.  Cumulative unpaid preferred
  dividends amount to $4,312,450 or $29.70
  per share at September 30, 1996. Authorized
  150,000 shares; issued and outstanding
  145,199 shares in 1996 and 1995           4,356              4,356
Class B preferred stock, $1 par value.
  Authorized 500,000 shares;
  none issued or outstanding                  -                   -
Common stock, $1 par value. Authorized
  10,000,000 shares; issued 2,805,385
  in 1996 and 1995                          2,805              2,805
Additional paid-in capital                  7,358              7,358
Accumulated deficit                        (4,802)            (5,540)
Net unrealized holding loss on investment
  securities available for sale,net of
  deferred taxes                             (183)               (59)
                                            9,534              8,920
Less cost of common stock held in Treasury
  (273,148 shares in 1996 and 1995)        (1,097)            (1,097)
Net stockholders'equity                     8,437              7,823
                                        $  83,514             86,071
/TABLE
<PAGE>
                                 
                                 
         UNITED OKLAHOMA BANKSHARES INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
                            (Unaudited)
<TABLE>
<S>                                         <C>             <C>
                                        September 30,   December 31,
                                            1996           1995
                                              (In thousands)
Preferred stock:

  Balance at beginning and end of year    $ 4,356           4,356

Common stock:

  Balance at beginning and end of year      2,805           2,805

Additional paid-in capital:

  Balance at beginning and end of year      7,358           7,358

Accumulated deficit:

  Balance at beginning of year             (5,540)         (6,315)
  Net income                                  738             775

  Balance at end of year                   (4,802)         (5,540)

Net unrealized holding gain (loss) on
investment securities available for sale:

  Balance at beginning of year               (59)            (158)
  Implementation of change in accounting
  for investment securities,
  net of deferred taxes                        -               -
  Change in net unrealized holding gain
  (loss) on investment securities
  available for sale, net of deferred taxes  (124)             99

  Balance at end of year                     (183)            (59)

Treasury stock:

  Balance at beginning and end of year     (1,097)         (1,097)
  Purchase stock                              -              -

  Balance at end of year                   (1,097)         (1,097)


  Net stockholders' equity               $  8,437           7,823

</TABLE>
<PAGE>






        UNITED OKLAHOMA BANKSHARES, INC.  AND SUBSIDIARIES
               CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (Unaudited)
<TABLE>
                                                   Nine months ended
                                                     September 30
                                                    1996      1995
                                                    (In thousands)
<S>                                                 <C>       <C>
Cash flows from operating activities:
  Net Income                                      $  738       594
  Adjustments to reconcile net income to net
    cash provided by operating activities:
    Depreciation                                     314       312
    Provision for loan losses                        384       234 
    Provision for market decline-other real estate     2         6
    Amortization of intangibles                       -        111 
    Amortization of premium, accretion of
      discounts, net                                  68        60
    Gain on sale of securities                         -        - 
    (Increase) decrease in interest payable         (191)       238
    (Increase) decrease in interest receivable        82        47
    Decrease in other assets                          56        68
    Decrease in deferred income taxes                (39)      (40)
    (Decrease) increase in other liabilities         176        88
      Total adjustments                              852     1,124   

Net cash provided by operating activities          1,590     1,718  

Cash flows from investing activities:
  Proceeds from principal payments on mortgage
     backed securities                             1,804     1,195   
  Proceeds from maturities of securities           1,960       525
  Purchase of securities                          (1,572)   (1,534)
  Net decrease in loans                           (3,190)      466
  Capital expenditures                              (590)     (156) 
Net cash used in investing activities             (1,588)      496

Cash flows from financing activities:
  Net (decrease) increase in interest bearing and non-
    interest bearing demand deposits, savings
    and certificates of deposit                   (3,117)    2,090
  Repayment of short-term debt                      -       (1,500)

Net cash provided by financing activities         (3,117)      590

Net (decrease) increase in cash and cash eq       (3,117)    2,804

Cash and cash equivalents at beginning of period   8,884     2,440

Cash and cash equivalents at end of period       $ 5,769     5,244
 
 Supplemental disclosure of noncash investing
   activities:
 
 Net unrealized holding loss on investment securites
 available for sale, net of deferred tax         $  (183)      (67)   
</TABLE>
<PAGE>
         United Oklahoma Bankshares, Inc. and Subsidiaries
       Notes to Consolidated Quarterly Financial Information
                            (Unaudited)
                                 
                                 
1.  Summary of Significant Accounting Policies

The   accounting   and  reporting  policies  of  United   Oklahoma
Bankshares, Inc. (the "Company") and its subsidiaries  conform  to
generally accepted accounting principles and practices within  the
banking industry.  The following represent the more significant of
those policies and practices.

  Principles of Consolidation and Basis of Presentation

The  consolidated financial statements include the accounts of the
Company  and its subsidiaries, all wholly owned, after elimination
of all significant intercompany accounts and transactions.

  Securities


The  Company  adopted  the provisions of  Statement  of  Financial
Accounting  Standards No. 115, "Accounting for Certain Investments
in  Debt  and Equity Securities"  (Statement 115), at  January  1,
1994.   Under Statement 115, the Company classified its  debt  and
marketable equity securities in one of three categories:  trading,
available  for sale, or held to maturity.  Trading securities  are
bought and held principally for the purpose of selling them in the
near  term.   No  investment securities within the  portfolio  are
considered  trading.   Held  to  maturity  securities  are   those
securities  for which the Company has the ability  and  intent  to
hold until maturity.  All other securities not included in held to
maturity are classified as available for sale.

























<PAGE>
Item 2.

         Management's Discussion and Analysis of Financial
                  Condition and Operating Results
                                 
Results of Operations-Quarter Ended September 30, 1996


The  following discussion and analysis is designed  to  provide  a
better  understanding of the significant factors  related  to  the
Company's  results  of operations, financial condition,  liquidity
and  capital resources (including its subsidiary bank, United Bank
(UB) and its non-bank subsidiaries).  Management is unaware of any
trends,  events  or  uncertainties that  will  have  or  that  are
reasonably  likely  to  have a material effect  on  the  Company's
operations.

Overview

Net  income  for  the  third quarter of  1996  was  approximately
$370,000,  compared to $242,000 for the third  quarter  of  1995.
The  before tax income for the third quarter of 1996 was $563,000
compared to $334,000 for the third quarter of 1995.  Earnings per
share  reflected  income of $0.18 at September 30,  1996  compared  to
income of $0.12 per share at September 30, 1995.  Earnings per share is
calculated on year-to date net income less the unpaid year-to date
preferred  stock  dividends.   Unpaid  preferred  stock  dividends
accrue at $98,000 per quarter.

Net Interest Income

Net  interest income was $2,985,000 for the nine months ended September 
30,  1996  compared  to $2,554,000 for the same  period  in  1995,
representing an increase of $431,000 or 16.9%.  The volume of  average
earning assets increased $4,892,000 while average interest bearing
liabilities increased $435,000 between September 30, 1995  and  1996.
The yield on average earning assets increased 11 basis points from
September 30, 1995 to September 30, 1996 while the rate paid on average
interest bearing liabilities decreased 15 basis points during the
same time period resulting in a increase in the spread between the
yield  on  earning  assets  and  rate  paid  on  interest  bearing
liabilities of 26 basis points.

Allowance for Loan Losses

The  allowance for loan losses was approximately $752,000 at September 
30, 1996 compared to $538,000 at December 31, 1995 and $511,000 at
September 30, 1995.  As a percentage of loans, the allowance for  loan
losses  was  1.60%, 1.23% and 1.26% at September 30, 1996, December  31
and September 30, 1995  respectively.









<PAGE>
 Securities

 The Company has designated securities as "Held to maturity"
 or "Available for sale".  A comparison of recorded value
 and market value of securities is as follows (in thousands):


                                         September 30, 1996
 <TABLE>
 <S>                           <C>       <C>         <C>         <C>
Held to maturity:
                              Amortized   Unrealized  Unrealized    Estimated
                                Cost        Gains       Losses    Market value

State & municipals          $    784         21                        805

  Total "Held to maturity"  $    784         21                        805

  Available for sale:

U. S. Treasury securities   $  1,093         -            (5)        1,088
Mortgage-backed securities    15,797         56         (249)       15,604
State & municipals securities  8,850         34          (65)        8,819

 Total "Available for sale"  $25,740         90         (319)       25,511    
</TABLE>
 
 Non-performing Assets

 Non-performing assets, including other real estate, totalled
 $237,000 at September 30, 1996, a decrease of $10,000 from December
 31, 1995.

 The following table sets forth such loans and other real estate
 at the dates indicated.-
<TABLE>
<S>                                             <C>         <C>         <C>
                                           Sept.  30,   December 31,  Sept. 30,
                                              1996          1995        1995
                                                  (Dollars in thousands)

  Non-accrual loans                             190         184         270
  Loans contractually past due 90 days or more    -           -          -
  Total nonperforming loans                     190         184         270
  Other real estate                              47          63         148

  Total nonperforming assets                    237         247         418

  Nonperforming loans to total loans           0.40%       0.42%       0.66%

</TABLE>
<PAGE>








Capital and Liquidity

The  Company's primary capital totalled $9,189,000 and  $8,361,000
at  September  30, 1996  and December 31, 1995, respectively.   Equity
capital  totalled $8,437,000 and $7,823,000 at September 30,  1996  and
December  31, 1995, respectively.  The Company's ratio of  primary
capital and equity capital to assets are as follows:


                                          September 30,  December 31,
                                            1996          1995

  Company's primary capital to asset ratio  10.61%      10.13%
  Company's equity capital to asset ratio    9.82        9.54


UB's  primary capital totalled $9,162,000 and $8,308,000  at  September 
30,  1996  and  December  31, 1995 respectively.   Equity  capital
totalled  $8,410,000 and $7,770,000 at September 30, 1996 and  December
31,  1995 respectively.  UB's ratio of primary capital and  equity
capital to assets are as follows:


                                       September 30, December 31,
                                          1996        1995

  UB's primary capital to asset ratio      10.58%       10.07%
  UB's equity capital to asset ratio        9.80         9.48


UB  is  subject  to  certain regulatory capital regulations  which
require  the  maintenance  of  certain  levels  of  capital  as  a
percentage  of  risk-adjusted assets.   These  regulations  define
capital  as either core capital (Tier 1) or supplementary  capital
(Tier 2).  Core capital consists primarily of common shareholders'
equity,  while  supplementary capital is  comprised  of  preferred
stock,   certain debt instruments, and a portion of the  allowance
for  loan losses.  At December 31, 1994, the required core capital
is  4.00%  and total risk-based capital is 8.00%.  UB's  core  and
total risk-based capital exceed regulatory guidelines at September 30,
1996 and December 31, 1995 respectively, and are as follows:


                                   September 30,  December 31,
                                      1996          1995

    Tier 1 capital (core)             14.97%        14.29%
    Tier 2 capital (total risk-based) 16.30         15.28











<PAGE>
Accounting Standards Adopted

The  Financial Accounting Standards Board has issued Statement  of
Financial  Accounting Standards No. 114, "Accounting by  Creditors
for Impairment of a Loan."  The Company adopted this statement  in
January  1,  1995.  The impact of this statement does not  have  a
material   effect   on   the   Company's  consolidated   financial
statements.



















































<PAGE>
                    PART II.  OTHER INFORMATION
Item 1. Legal Proceedings
    The Company and its subsidiaries are not defendants in any
material legal proceedings.

Item 2.  Changes in Securities
    None

Item 3.  Defaults upon Senior Securities
    None

Item 4. Submission of Matters to a Vote of Securities Holders
        None

Item 5.  Other Information



Item 6.  Exhibits and Reports on Form 8-K
           a.  Exhibits:
               (1)  Exhibit 27-Financial Data Schedule
        
           b.  None





















<PAGE>
                            SIGNATURES
                                 
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.





          UNITED OKLAHOMA BANKSHARES, INC.
          Registrant




DATE:  November 13, 1996
                              /s/George N. Cook
                              Chairman of the Board




                              /s/ June A. O'Steen
                              Principal Accountant