Oklahoma businessman Ed Evans bought Oak Tree last year and says the new name represents updates to the club that include a renovated course and a new teaching facility.
Evans says he expects the upgrades to help the members-only club become a nationally-renowned course.
He says details about the golf course's new design will be announced in July in conjunction with the grand opening of Oak Tree National.
Oak Tree was built in 1974 and hosted the 1984 U.S. Amateur, 1988 PGA Championship, 2000 PGA Club Pro Championship and the 2006 Senior PGA Championship.