Question 1

What is First American Bank of Oklahoma?

Accepted Answer

First American Bank of Oklahoma is a locally owned and operated community bank headquartered in Stonewall, Oklahoma. With approximately $36 million in total assets and one office, the bank specializes in agricultural banking services while maintaining the personalized approach of a hometown financial institution.

As an FDIC-insured state-chartered commercial bank, First American Bank serves the rural communities of Pontotoc County and the broader Ada micropolitan area. The bank takes pride in making all lending decisions locally, providing the kind of responsive, relationship-based banking that larger institutions cannot match.

Question 2

When was First American Bank of Oklahoma founded?

Accepted Answer

First American Bank of Oklahoma was established on July 4, 1940, though the bank traces its roots back to the early 1900s when it first began serving the Stonewall community during the era when Oklahoma was still Indian Territory. The bank was formally opened in 1940 at the intersection of Main Street and High School Avenue in Stonewall, positioned to serve the agricultural community that had developed in the area.

The bank has remained continuously operational for over 80 years, surviving economic challenges including the Great Depression era and benefiting from the 1930s oil boom that brought prosperity to the region. Throughout its history, the institution has maintained its commitment to local ownership and community-focused banking.

Question 3

Where is First American Bank of Oklahoma headquartered?

Accepted Answer

First American Bank of Oklahoma is headquartered in Stonewall, Oklahoma, a small town in Pontotoc County. The bank's main office is located at 301 West Main Street, Stonewall, Oklahoma 74871.

Stonewall is situated approximately 13 miles southeast of Ada, the county seat of Pontotoc County, in the south-central part of the state. The town itself has a population of approximately 400-470 residents and maintains its rural, agricultural character.

Question 4

Where does First American Bank of Oklahoma operate?

Accepted Answer

First American Bank of Oklahoma operates exclusively from its single office location in Stonewall, serving Pontotoc County and surrounding rural communities in south-central Oklahoma. The bank's primary service area includes the Ada micropolitan statistical area.

The bank serves the small-town communities and farming families in the region, including residents of Stonewall, nearby Frisco (the original Stonewall site), and the surrounding agricultural areas. Many of the bank's customers also come from Ada, which is the largest city in the area and serves as the commercial hub for the region.

Question 5

What services does First American Bank of Oklahoma offer?

Accepted Answer

First American Bank of Oklahoma offers comprehensive community banking services tailored to the needs of rural Oklahoma residents and agricultural businesses. The bank provides personal checking and savings accounts, certificates of deposit, and various lending products.

The bank specializes in agricultural lending, including farm operating loans, equipment financing, and real estate loans for agricultural properties. Commercial lending services support local businesses, while consumer loans help individuals finance vehicles, homes, and other personal needs. As an Equal Housing Lender, the bank provides residential mortgage services to homebuyers in the community.

The bank maintains traditional brick-and-mortar banking with in-person service at its Stonewall location. Customers can reach the bank by phone at 580-265-4222 or visit the bank's website at www.fabstonewall.com for additional information about services.

Question 6

What makes First American Bank of Oklahoma unique?

Accepted Answer

First American Bank of Oklahoma distinguishes itself through its deep historical roots and colorful past. The bank has the unique distinction of being robbed by the notorious outlaw Charles Arthur "Pretty Boy" Floyd in 1932, during his infamous crime spree across Oklahoma. This historical event remains a point of local pride and conversation among community members who remember or have heard stories about the infamous bank robber who became known as the "Robin Hood of Oklahoma."

Beyond its storied history, the bank's primary distinction is its unwavering commitment to local decision-making and community service. As a locally owned institution where all lending and operational decisions are made on-site, the bank can respond quickly to customer needs without bureaucratic delays common at larger institutions.

The bank's agricultural specialization also sets it apart, with deep expertise in farm and ranch financing that comes from over 80 years of serving the same rural community. The bank's longevity—serving the area since Indian Territory days—demonstrates a level of stability and community integration that few institutions can claim.

Question 7

What type of financial institution is First American Bank of Oklahoma?

Accepted Answer

First American Bank of Oklahoma is a state-chartered commercial bank with agricultural specialization. It operates as a state bank under Oklahoma banking regulations and is supervised by the Federal Deposit Insurance Corporation (FDIC) as its primary federal regulator.

The bank is classified as a community bank, characterized by its local ownership, single-office operation, and focus on relationship banking within a defined geographic market. With its S-corporation tax status and concentration on agricultural lending, the bank fits the profile of a traditional rural community bank that serves the specific needs of farmers, ranchers, and small-town residents in its market area.

Question 8

What is the history of Stonewall, Oklahoma?

Accepted Answer

Stonewall's history is deeply intertwined with First American Bank of Oklahoma's story. The town was originally established as a trading post before the Civil War and was named after Confederate General Thomas J. "Stonewall" Jackson. The community served as the seat of Pontotoc County in the Chickasaw Nation during the Indian Territory period.

The first post office in Pontotoc County was established in Stonewall in 1878. The town experienced significant change in 1903 when the Oklahoma City, Ada and Atoka Railway bypassed the original site, prompting the entire town to relocate three miles east to access the railroad. The 1930s brought an oil boom that helped Stonewall avoid the worst effects of the Great Depression, though it also resulted in water pollution that required residents to dig wells.

Today, Stonewall maintains its rural character with a population of approximately 400-470 residents, many of whom work in nearby Ada while maintaining ties to the agricultural heritage of the area.

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