Question 1

What is Patrons Bank?

Accepted Answer

Patrons Bank is a community-focused national banking association headquartered in Okmulgee, Oklahoma. With approximately $294 million in total assets and $260 million in deposits, the bank specializes in providing personalized financial services to individuals and businesses throughout eastern Oklahoma.

The institution operates five full-service branches across the state, serving communities in the Tulsa metropolitan area and surrounding rural markets. Patrons Bank offers a comprehensive range of banking products including commercial banking, consumer banking, mortgage lending, and wealth management services.

Question 2

When was Patrons Bank founded?

Accepted Answer

Patrons Bank was founded on April 2, 1917, when the Central National Bank of Okmulgee received its organizational certificate of banking. The bank was established by prominent Oklahoma figures including Waite Phillips, an oil tycoon associated with Phillips Petroleum, and W.B. Pine, an American businessman who served as United States Senator from Oklahoma.

Originally named Central National Bank of Okmulgee, the institution underwent several transformations throughout its history. In 1929, Central National Bank absorbed the old First National Bank in Okmulgee. The bank was renamed First National Bank on January 1, 1968, and operated under the name First National Bank and Trust Company of Okmulgee for over five decades before its most recent rebranding.

In June 2024, the bank officially changed its name to Patrons Bank to better differentiate itself in an increasingly crowded market and to reflect its expanded geographic presence beyond Okmulgee.

Question 3

Where is Patrons Bank headquartered?

Accepted Answer

Patrons Bank is headquartered in Okmulgee, Oklahoma, at 610 East 8th Street. This location has served as the bank's main office since 1980, when the institution moved from its downtown Okmulgee location to the newly constructed facility.

The headquarters serves the Okmulgee community with full-service banking through both traditional lobby hours (Monday through Friday, 9:00am to 4:00pm) and extended drive-through hours (Monday through Friday, 7:30am to 6:00pm, and Saturday, 8:00am to 12:00pm).

Question 4

Where does Patrons Bank operate?

Accepted Answer

Patrons Bank operates throughout eastern Oklahoma with five full-service branch locations. The bank maintains a strong presence in Okmulgee County with two branches in Okmulgee, including the main headquarters at 610 East 8th Street and a retail branch inside the Walmart Supercenter at 1800 South Wood Drive.

The institution expanded its footprint through strategic acquisitions in the early 2000s, establishing branches in Henryetta (Okmulgee County), Wewoka (Seminole County), and Bixby (Tulsa County). The Bixby location at 7647 East 126th Street South extends the bank's reach into the Tulsa metropolitan area, positioning Patrons Bank to serve both rural communities and suburban markets in the greater Tulsa region.

Question 5

What services does Patrons Bank offer?

Accepted Answer

Patrons Bank provides a comprehensive suite of financial services tailored to both individual and business customers. Core offerings include commercial banking with business loans and cash management solutions, consumer banking with checking and savings accounts, mortgage lending for residential and commercial properties, and wealth management services.

The bank has embraced digital transformation with robust online and mobile banking platforms. The Patrons Bank mobile app enables customers to check account balances, transfer funds between accounts, pay bills, deposit checks via mobile capture, track processed checks, and locate nearby branches and ATMs. The mobile banking service is free to all registered online banking customers, though mobile carrier data rates may apply.

In addition to traditional banking services, Patrons Bank operates First Community Insurance, an insurance agency established to provide complementary financial services to customers throughout their market areas.

Question 6

What makes Patrons Bank unique?

Accepted Answer

Patrons Bank distinguishes itself through its deep-rooted commitment to community patronage and local involvement. The institution has maintained its community bank philosophy for over 107 years, emphasizing a "people first" approach that prioritizes customer satisfaction across all channels—in person, by phone, and online.

The bank's founding by prominent Oklahoma business leaders, including an oil tycoon and a U.S. Senator, established a legacy of strong financial stewardship that enabled the institution to survive significant economic challenges. Most notably, Patrons Bank persevered through the 1980s collapse of the oil and gas industry when many financial institutions throughout the country failed.

The bank's core values of continuous improvement, empowerment, integrity, and accountability guide its operations. Patrons Bank actively participates in community events throughout its service areas, including the barbecue and blues festivals in Okmulgee, rodeos in Henryetta, and the Sorghum Festival in Wewoka. The institution has provided community donations and sponsorships for over a century, reinforcing its commitment to being good neighbors, leaders, and friends in the communities it serves.

Question 7

What type of financial institution is Patrons Bank?

Accepted Answer

Patrons Bank is a National Banking Association, operating under a national charter and regulated by the Office of the Comptroller of the Currency (OCC). As indicated by its official legal name—Patrons Bank, National Association—the institution holds FDIC Certificate Number 4170 and is a member of the Federal Deposit Insurance Corporation.

This classification as a national bank allows Patrons Bank to operate across state lines if desired, though the institution has maintained its focus on Oklahoma markets. The national charter provides regulatory oversight at the federal level while enabling the bank to offer a full range of commercial and consumer banking services, including trust and wealth management capabilities.

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