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Introduction
Oklahoma has a rich history, and so does its businesses and financial institutions. Among them, First National Bank of Oklahoma stands out as a pillar of economic growth and community support. Established with the aim of fostering financial stability and growth within the state, this bank has a fascinating journey worth exploring. In this blog post, we’ll delve into the history of First National Bank of Oklahoma, uncovering its roots, growth, and contributions to the state’s development in banking and the communities we serve.
The Early Years
First National Bank of Oklahoma was founded in 1916 as the First National Bank of Tonkawa. At that time the state of Oklahoma was less than 10 years old, and both the state and the Kay County region was in the midst of an era of economic optimism and expansion. The great oil boom in Kay County started in June 1911, when Ernest W. Marland discovered oil on the Ponca allotment of Willie Cries (Crys)-for-War. With its initial charter, the bank aimed to provide reliable financial services to the burgeoning population and businesses of Oklahoma, encompassing both oil and gas related businesses and the region’s agricultural base.
Throughout the mid to late 1900’s the bank embraced USDA Agricultural and Community lending programs to support farm production and SBA programs to enhance small business growth in the state.
Growth and Expansion
As Oklahoma grew, so did First National Bank of Oklahoma. The bank played a significant role in the economic development of the state, supporting local businesses, farmers, and individuals.
During the Great Depression, the bank demonstrated resilience, helping customers and surrounding communities navigate through economic hardships. It provided much-needed financial support while earning the trust and loyalty of its customers. This period was a testament to the bank’s commitment to its mission and its ability to adapt in challenging times.
Technological Advancements
With the advent of technology, First National Bank of Oklahoma embraced innovation to enhance its services. The bank was among the pioneers in the state to introduce online banking, ATMs/ITMs, and other digital improvements. Other unique services now offered include Contactless Metal debit cards, fraud alerts, SecureLock, and enhanced payment software for business owners just to name a few. These advancements have not only transformed customer experience but have made financial transactions more convenient and accessible. These many innovations have allowed the bank to maintain a personal touch all while providing secure and efficient products.
Community Involvement and the Future
The bank’s commitment to the community has been unwavering. It has consistently supported local initiatives, and takes pride in placing themselves at the forefront of community involvement and contribution. From educational programs to community development projects, sponsoring local nonprofits and school programs, the bank believes in giving back to the community that has supported it through the years. First National Bank of Oklahoma believes that the greatest asset is you. This philosophy of community involvement has been a cornerstone of the bank’s operations. If you’d like to take a look at some latest community events and support we’ve been involved in, take a look at the bank’s Facebook page.
The history of First National Bank of Oklahoma is a reflection of the state’s growth and resilience. From its humble beginnings to its current status as a leading financial institution, the bank has played a pivotal role in shaping the economic landscape of Oklahoma. As it moves forward, First National Bank of Oklahoma remains committed to its mission of fostering financial stability and supporting the community.
