Question 1

What is Farmers State Bank of Allen?

Accepted Answer

Farmers State Bank of Allen is a locally owned and operated community bank serving Allen, Oklahoma, and the surrounding rural areas of Pontotoc County. With approximately $55.8 million in assets and a single banking location, the bank specializes in agricultural, consumer, and real estate lending. The institution maintains its independence and focuses on providing personalized banking services to its neighbors and friends in this rural Oklahoma community.

Question 2

When was Farmers State Bank of Allen founded?

Accepted Answer

Farmers State Bank of Allen was originally established in 1922 in Clarita, Oklahoma, as a locally owned, rural community bank. The bank relocated to Allen, Oklahoma, in 1927, where it has remained for nearly a century. Throughout its history, the bank has maintained its status as an independently owned and operated community bank, serving the same community for over 100 years with consistent local ownership and management.

Question 3

Where is Farmers State Bank of Allen headquartered?

Accepted Answer

The bank is headquartered in Allen, Oklahoma, located in Pontotoc County. The main office is situated at 101 E Broadway, Allen, OK 74825.

Question 4

Where does Farmers State Bank of Allen operate?

Accepted Answer

Farmers State Bank of Allen operates exclusively from its single location in Allen, Oklahoma, within Pontotoc County. The bank's service area includes Allen and the surrounding rural communities in the Ada, Oklahoma, micropolitan statistical area. The institution focuses on serving the local agricultural community and residents of this rural region of southeastern Oklahoma.

Question 5

What services does Farmers State Bank of Allen offer?

Accepted Answer

The bank offers a comprehensive range of banking products including commercial loans, agricultural loans, real estate loans, and consumer loans with competitive interest rates and flexible payment terms. Deposit services include various checking and savings accounts, certificates of deposit, and other products tailored to customer needs.

Digital banking services include online banking through their website at www.fsballen.com, internet banking access, and modern electronic banking capabilities. The bank provides drive-up teller windows and maintains active engagement with customers through social media platforms like Facebook.

Question 6

What makes Farmers State Bank of Allen unique?

Accepted Answer

The bank's most distinctive feature is its exceptional employee expertise and longevity. The twelve-person staff collectively possesses over 200 years of combined banking experience, demonstrating remarkable institutional knowledge and continuity. This experience translates into personalized, knowledgeable service for customers.

The bank's commitment to treating customers as family members rather than account numbers sets it apart. Nearly a century of continuous local ownership has created deep community roots and long-standing relationships. The institution's focus on rural and agricultural banking needs, combined with modern technology offerings, provides a unique blend of traditional community banking values and contemporary convenience.

Question 7

What type of financial institution is Farmers State Bank of Allen?

Accepted Answer

Farmers State Bank of Allen is a state-chartered commercial bank that operates as a community bank with a strong focus on agricultural and rural banking. As an FDIC-insured institution, it provides full-service community banking with particular emphasis on serving agricultural producers, small businesses, and individual consumers in rural Oklahoma. The bank exemplifies the traditional community banking model, with local decision-making, personal relationships, and a commitment to meeting the specific financial needs of its geographic market.

Farmers State Bank of Allen

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About Farmers State Bank of Allen in the United States