First Oklahoma Bank

What First Oklahoma Bank does

First Oklahoma Bank is a privately held community bank headquartered in Jenks, Oklahoma, founded November 4, 2009 by an investor group of Oklahoma families led by Tom Bennett Jr. (Executive Chairman) and Tom Bennett III (President and CEO). The bank operates four physical locations across Oklahoma (Jenks headquarters, Midtown Tulsa, Glencoe branch, and an Oklahoma City Loan Production Office opened in April 2024), complemented by iOS/Android mobile apps, an online banking portal, and a QuikTrip ATM fee-free network. As an FDIC-insured institution with over $1 billion in assets as of 2023, it serves both individual consumers and small-to-medium businesses through a full suite of personal and commercial banking products.

The product portfolio spans deposit products (High Yield Online Checking at 2.50% APY, promotional CDs at 4.00% APY, Money Market, Basic and Youth Savings), consumer lending (auto, HELOC up to 85% LTV, mortgages up to $2M jumbo, personal loans, credit cards), and commercial banking (commercial loans, SBA 7(a) up to $5M, business checking, treasury management, lockbox/eLockbox with HIPAA-compliant medical lockbox, merchant payment processing, and the Autobooks-integrated embedded invoicing tool). Technology integrations include Plaid for online account opening, QuickBooks/BAI/CSV export for accounting, Authy 2FA, Apple/Google/Samsung Pay, and ISO20022 wire transfer infrastructure rolled out in 2025. Customers serve multiple verticals including real estate investment, healthcare practices, automotive dealerships, and small business startups, with named case-study relationships dating back to 2012-2013.

Revenue is generated primarily through net interest income on lending (commercial real estate, SBA, HELOC, auto, mortgage) and fee income from deposit accounts, lockbox processing, treasury management, merchant services, and the Autobooks revenue share. Distribution is hybrid: physical branches provide relationship banking while digital channels enable online account opening and self-service. The bank has raised approximately $68 million across ten SEC-registered exempt offerings since 2009, with $2.9M raised in June 2025 alone, indicating active capital formation to support loan portfolio and geographic expansion.

Name

First Oklahoma Bank

Legal name

First Oklahoma Bank

Website

https://firstoklahomabank.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

First Oklahoma Bank is a privately held Oklahoma community bank founded in 2009, operating four branches across Jenks, Tulsa, Glencoe, and Oklahoma City with over $1 billion in assets. It serves consumers and small-to-medium businesses with full-service personal and commercial banking, including SBA loans, treasury management, lockbox, and digital banking platforms.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Student & Youth Banking (FSABAAAH)

Keywords

• Community banking
• Commercial lending
• Small business loans
• Treasury management
• Personal banking

Headquarters

HQ city

Jenks

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Traditional bank interest income from personal and commercial loans including mortgages, auto loans, HELOCs, commercial real estate, SBA loans, and lines of credit. Interest rates vary by product type and creditworthiness.
2. Deposit Account Fees: Monthly service fees for certain accounts (e.g., $5 monthly for paper statements on High Yield Checking, $10 for Money Market if balance falls below $2,500, $15 Interest Checking if balance below thresholds). Overdraft and ATM fees.
3. Commercial Banking Services: Fees from business services including lockbox processing, merchant/payment processing, treasury management, commercial checking, and credit card services for business customers.
4. Autobooks Payment Processing: Revenue share from integrated Autobooks payment and invoicing solution offered to business customers for accepting credit cards, debit cards, and ACH payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

First Oklahoma Bank is a community bank that provides deposit accounts (checking, savings, money market, CDs), consumer lending (mortgages, HELOCs, personal and auto loans, credit cards), and commercial banking (commercial and SBA loans, business checking, treasury management, lockbox payment processing, merchant services, and Autobooks receivables). It serves consumers and small-to-medium businesses across Oklahoma through four branch locations combined with mobile and online banking channels.

Product overview

First Oklahoma Bank is a community bank offering a comprehensive suite of financial products and services through both personal and business banking divisions. The bank operates on a platform-plus-modules architecture, with core offerings including checking accounts (High Yield Online Checking, Basic Checking, Interest Checking, Youth Checking), savings accounts (Money Market, Basic Savings, Youth Savings), and Certificates of Deposit. Business banking includes Commercial Loans, SBA Loans, Business Checking, Lockbox Payment Processing, Treasury Management, and Payment Processing Services. The bank provides digital banking platforms including mobile apps for consumers and treasury management, an online banking portal, and integrated tools like Autobooks for invoicing. Additional products include mortgages, home equity lines of credit, personal and auto loans, and credit cards for both personal and business use.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Loans Comprehensive commercial lending solutions for business growth and expansion, including commercial real estate financing, construction loans, equipment financing, and lines of credit, targeted at Oklahoma small and medium businesses.
• Small Business Loans (SBA 7(a)) SBA 7(a) loan program for buying, starting, or expanding small businesses, with a maximum loan amount of $5 million for eligible borrowers in Oklahoma.
• Business Checking and Banking Services Customizable commercial checking and savings accounts with online business banking, ACH and wire transfer capabilities, and advanced fraud protection for Oklahoma small and medium businesses.
• Lockbox Payment Processing Automated payment processing where checks are sent to a designated PO box, collected, processed, and deposited directly into business accounts, with eLockbox and HIPAA-compliant Medical Lockbox options for healthcare businesses.
• Treasury Management Online banking platform for businesses providing real-time balance monitoring, fund transfers, account reporting, and a Progressive Web App for mobile access, targeted at commercial customers initiating ACH and wire payments.
• Payment Processing Services Merchant services that process all major credit and debit cards with 24/7/365 support for Oklahoma business customers.
• Autobooks Payment and Invoicing Integrated payment and invoicing solution within First Oklahoma online and mobile banking that lets businesses automate receivables, create customized digital invoices with their logo, and accept credit card, debit card, or ACH payments.
• High Yield Online Checking Interest-bearing online checking account paying 2.50% APY with $50 minimum opening deposit, no minimum balance required thereafter, free debit card, mobile deposit, bill pay, ATM fee refunds up to $25 per month, and a $5 monthly fee only for paper statements.
• Basic Checking Everyday checking account with no monthly service charge for daily personal banking needs of Oklahoma consumers.
• Interest Checking Traditional checking account that earns competitive interest on balances and includes free checks, a free safe deposit box where available, and ATM fee refunds at Oklahoma QuikTrip locations, with a $15 monthly service charge if balance or combined balance falls below threshold.
• Youth Checking Checking account for young account holders aged 14 and older with parental guidance, including a $25 bonus at opening, mobile app management, and no monthly fees.
• Money Market Account Savings account with tiered interest paid monthly, up to six free withdrawals per statement cycle, a $2,500 minimum opening deposit, and a $10 monthly fee if balance falls below $2,500.
• Basic Savings Standard savings account with tiered interest paid quarterly, $100 minimum balance to avoid a $3 monthly fee, and up to six free withdrawals per statement cycle.
• Youth Savings Savings account for children featuring a $25 bonus at account opening, $50 minimum balance requirement, and design intended to build early financial habits.
• Certificates of Deposit (CDs) Fixed-term FDIC-insured deposits with terms ranging from 6 months to 5 years and promotional rates of 4.00% APY on 6–24 month terms and 3.00% APY on a 5-year term, requiring a $1,000 minimum to open and earn the APY.
• Personal Loans Flexible personal loans for various purposes including auto, home improvements, debt consolidation, medical bills, and emergencies with competitive rates for Oklahoma consumers.
• Auto Loans Vehicle financing for new and used automobiles with rates starting at 7.75% APR for new 2026 models on 60-month terms, plus financing for motorcycles, watercraft, RVs, and travel trailers.
• Mortgage Home loan solutions including conventional mortgages, FHA loans, VA loans, and jumbo loans up to $2 million, supported by the FastTrak mobile application for the mortgage origination process.
• Home Equity Line of Credit (HELOC) Revolving credit line allowing borrowing up to 85% of a home's value, with funds accessible via checks, direct transfer, or cashier's check, and a closing process of approximately 14 business days, offered in Oklahoma, Southern Kansas, and Northeast Arkansas.
• Personal Credit Cards Credit card options for various personal needs including balance payoff, cash back maximization, rewards earning, and credit building for Oklahoma consumers.
• Business Credit Cards Credit cards for businesses with rewards on everyday business purchases and features tailored to commercial use.

Quantifiable outcome

• Grew to over $1 billion in assets from 2009 founding
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core, supporting and minor.

• AutobookscoreTechnology or IntegrationIntegrated payment and invoicing solution for business customers. Allows businesses to accept credit cards, debit cards, and ACH payments directly within First Oklahoma online and mobile banking. Includes customizable digital invoicing with business logos, transaction tracking, and integration with accounting software. No contract required.
• PlaidsupportingTechnology or IntegrationPlaid is used during the online checking account opening process to help customers securely connect their existing bank accounts and transfer money to their new First Oklahoma account.
• Tulsa Girls' HomeminorOthersCommunity partner for donation drive. First Oklahoma Bank hosted collection at Jenks and Midtown branches to support the organization's services.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BOK Financial: Largest Oklahoma-headquartered bank with ~$50B+ in assets. Offers commercial, consumer, and wealth management across Oklahoma and surrounding states. Directly comparable as a full-service Oklahoma commercial and consumer bank with overlapping SBA, treasury management, and mortgage product lines.
• BancFirst Corporation: Oklahoma's largest state-chartered commercial bank with ~$10B+ in assets, operating across Oklahoma through community-style banking centers. Directly comparable as a community/commercial bank in the same geography with similar relationship-based lending model.
• Arvest Bank: Northwest Arkansas-based community bank with operations across Oklahoma, Arkansas, and Missouri. Closely comparable as a community-focused commercial/consumer bank competing in the same Oklahoma SMB and consumer segments.
• RCB Bank: Oklahoma-based community bank with branches across the Tulsa and Oklahoma City metros. Directly comparable in size, geography, and product set, with similar emphasis on personal service and small-business lending.
• SpiritBank: Tulsa-headquartered community bank offering personal, commercial, and SBA lending across Oklahoma. Closely comparable as a same-metro Oklahoma community bank with overlapping SMB, treasury management, and consumer banking products.
• CrossFirst Bank: Kansas-headquartered commercial bank with Oklahoma City presence focused on commercial lending and treasury management. Comparable as a same-region competitor targeting Oklahoma SMBs and middle-market commercial relationships.

Regional players

• Citizens Bank of Edmond: Oklahoma City-metro community bank focused on relationship banking for consumers and small businesses. Comparable as a similar-scale Oklahoma community bank with similar deposit and small-business loan products.

Broad incumbents

• Prosperity Bank: Texas-headquartered community banking franchise with Oklahoma presence. Comparable as a community/commercial bank offering similar deposit, lending, and treasury products with broader regional reach.
• IBC Bank: International Bancshares Corporation subsidiary operating commercial and community banking across Texas and Oklahoma. Comparable as a multi-state community/commercial bank with overlapping SMB and consumer product lines in Oklahoma.

Others

• Bluepath Labs: Not a financial peer. Excluded from peer list as not directly comparable to First Oklahoma Bank's commercial banking operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/FirstOklahomaBank
• Facebookfacebook.com/FirstOklahomaBank
• LinkedInlinkedin.com/company/first-oklahoma-bank/about
• Instagraminstagram.com/firstoklahomabank
• Xx.com/FirstOklaBank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds10 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Oklahoma Bank