Question 1

What is SpiritBank?

Accepted Answer

SpiritBank is a community bank serving Oklahoma with a strong focus on relationship banking and community development. Headquartered in Tulsa, Oklahoma, the bank operates with approximately $937 million in total assets and 6 offices throughout the state. SpiritBank specializes in providing personal banking, business banking, and commercial lending services to individuals, families, and businesses across Oklahoma.

The bank has been recognized for its community engagement and commitment to what the founding Kelly family calls "the ministry of banking"—a philosophy centered on fulfilling the needs and dreams of people in the communities they serve.

Question 2

When was SpiritBank founded?

Accepted Answer

SpiritBank was originally founded on May 16, 1916, as American National Bank in Bristow, Oklahoma, by eight local businessmen. The bank was established within a few short years after Oklahoma achieved statehood in 1907, making it one of the early financial institutions in the young state.

In the 1930s, Albert Kelly stepped in as non-managing chairman of the board of American National Bank, beginning the Kelly family's multi-generational involvement with the institution. The "family atmosphere" that customers experience today began during this period and has been maintained for three generations.

The bank changed its name to Spiritbank, National Association in 1996, and later simplified to SpiritBank in 2000. In 1998, the bank relocated its headquarters from Bristow to Tulsa to better serve the growing metropolitan area, though the institution has maintained its commitment to communities throughout Oklahoma.

Question 3

Where is SpiritBank headquartered?

Accepted Answer

SpiritBank is headquartered in Tulsa, Oklahoma. The bank moved its main office from Bristow to Tulsa in 1998 to position itself in Oklahoma's second-largest city and a major economic center in the region.

Question 4

Where does SpiritBank operate?

Accepted Answer

SpiritBank operates throughout Oklahoma with 6 branch offices serving communities across the state. The bank's presence includes the Tulsa metropolitan area and extends to smaller communities including Bristow, Sapulpa, and other locations throughout Oklahoma.

While the bank began in Bristow and maintained deep roots in smaller Oklahoma communities, its expansion into Tulsa and other markets has allowed SpiritBank to serve a broader customer base while maintaining its community banking philosophy. The bank's statewide footprint enables it to support both urban and rural Oklahoma communities.

Question 5

What services does SpiritBank offer?

Accepted Answer

SpiritBank offers a comprehensive suite of personal and business banking services designed to meet the financial needs of Oklahoma residents and businesses. Personal banking services include checking accounts, savings accounts, certificates of deposit, money market accounts, and individual retirement accounts (IRAs).

The bank provides various lending solutions including residential mortgages, home equity loans and lines of credit, auto loans, personal loans, and consumer credit products. Business banking services encompass business checking and savings accounts, commercial real estate loans, commercial and industrial loans, small business loans, and lines of credit.

SpiritBank offers digital banking capabilities including online banking platforms, mobile banking applications, mobile check deposit, bill pay services, e-statements, and account alerts. The bank also provides treasury management services for business clients, including ACH origination, wire transfers, remote deposit capture, and cash management solutions.

Additional services include safe deposit boxes, notary services, and debit card services with fraud protection features.

Question 6

What makes SpiritBank unique?

Accepted Answer

SpiritBank distinguishes itself through its deep-rooted family ownership and commitment to community banking spanning over 100 years. The Kelly family has remained actively involved in the bank for three generations, maintaining a consistent philosophy of community service and relationship-based banking.

The bank's guiding principle—"the ministry of banking"—reflects a unique approach that views banking as a service mission rather than purely a business transaction. This philosophy emphasizes fulfilling customer needs and supporting community dreams, setting SpiritBank apart from transaction-focused institutions.

SpiritBank has demonstrated impressive growth through strategic acquisitions over the decades, including The Citizens Bank in Drumright (1987), First State Bank in Oilton (1988), The First National Bank and Trust Company of Cushing (1988), Citizens Bank in Sapulpa (1989), and Central Oklahoma Bank in Depew (1995). Despite this expansion, the bank has maintained its community-focused culture.

The bank is a statewide leader in championing economic development and incentive programs that create jobs and bring new companies to Oklahoma. SpiritBank's financial performance shows solid profitability with a return on assets (ROA) of 1.17% and return on equity (ROE) of 12.33%.

Question 7

What type of financial institution is SpiritBank?

Accepted Answer

SpiritBank is a State Chartered Commercial Bank that is not a member of the Federal Reserve System. The bank is classified as an insured commercial bank with state charter, supervised by the Federal Deposit Insurance Corporation (FDIC).

SpiritBank originally operated as a national bank under the charter of the Comptroller of the Currency before changing to a state charter in 2000. In 2003, the bank changed its regulatory oversight from the Federal Reserve Board to the FDIC. This structure as a state-chartered, FDIC-supervised community bank allows SpiritBank to maintain operational flexibility while ensuring depositor protection through FDIC insurance (Certificate #4048). The bank's charter class reflects its focus on commercial banking activities while serving both consumer and business customers throughout Oklahoma.

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