SpiritBank

What SpiritBank does

SpiritBank is a privately held Oklahoma community bank, chartered in 1916 as American National Bank in Bristow and now operating under Spirit BankCorp, Inc. with six branches across Tulsa, Sapulpa, and Bristow. The bank provides a full range of consumer and commercial banking products, including checking, savings, money market accounts, CDs, IRAs, credit cards (issued through TCM Bank, N.A.), personal and mortgage loans (via TIB and Rocket Pro partnerships), SBA Preferred Lending, USDA Rural Development Loans, and Cash Advantage accounts-receivable factoring. Commercial cash management services include ACH origination, wire transfers, Remote Deposit Capture, Positive Pay, ACH Alert fraud monitoring, and merchant card processing, all delivered alongside a digital platform of mobile (iOS/Android) and online banking, Zelle P2P payments, CheckFree bill pay, and embedded Dinkytown.net financial calculators.

The bank's revenue model is a standard community bank spread-and-fee construct: primary earnings come from net interest income on a $618.4M loan portfolio funded by $847.2M in deposits, supplemented by account service charges, transaction fees, cash management fees, merchant services revenue, and credit card referral income. Treasury and deposit expansion products (IntraFI, Reich & Tang) extend FDIC coverage up to $50M for high-balance depositors. Distribution is omnichannel: physical branches for relationship banking and SBA/USDA lending, supplemented by a full digital self-service stack, telephone banking, and inbound mortgage partnerships.

SpiritBank is controlled by the Kelly family, whose involvement spans three generations since Albert Kelly joined as non-managing chairman in the 1930s. On June 10, 2026, BancFirst Corporation announced an agreement to acquire Spirit BankCorp, Inc. and its subsidiary SpiritBank, with closing expected in Q4 2026 pending regulatory approvals. Financial terms were not disclosed; until close, SpiritBank continues to operate independently under existing leadership, including CEO Rick Harper.

Name

SpiritBank

Legal name

Spirit BankCorp, Inc.

Website

https://spiritbank.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

51–100 employees

Short description

SpiritBank is a privately held Oklahoma community bank operating six branches across Tulsa, Sapulpa, and Bristow, serving consumers and small-to-medium businesses with deposit products, commercial and SBA/USDA lending, cash management, and digital banking.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Community banking services
• Small business lending
• SBA preferred lending
• Commercial cash management
• Consumer deposit products

Headquarters

HQ city

Tullahoma

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, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Net Interest Income: SpiritBank earns the majority of its revenue from the spread between interest collected on loans (commercial, mortgage, consumer, SBA, USDA) and interest paid on deposits (checking, savings, CDs, money market). As a community bank with $939.6M in assets, $618.4M in loans, and $847.2M in deposits, interest on the loan portfolio is the primary earnings driver.
2. Non-Interest Income (Fee Income): The bank generates fee income from account service charges, overdraft fees, ATM fees, wire transfer fees, merchant services, cash management fees, credit card interchange, and bill pay services. Business checking accounts (e.g., Business to Go at $6.95/month if balance drops below $1,500; Commercial Checking at $10/month) contribute monthly service revenue.
3. Cash Management and Treasury Services: Fees from commercial cash management services including ACH origination, wire transfers, Positive Pay, ACH Alert, and loan sweep/investment sweep accounts.
4. Merchant Services: Revenue from processing Visa and MasterCard transactions for business customers, including equipment installation fees and monthly transaction statements.
5. Insurance and Wealth Management Referrals: SpiritBank refers customers to affiliated insurance and wealth management services through MarketWealthMgt.com, generating referral income.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

SpiritBank is a community bank offering deposit products (checking, savings, money market, CDs, IRAs), consumer credit cards, and a full suite of commercial banking services spanning SBA and USDA government-backed business loans, commercial term loans and lines of credit, accounts-receivable factoring, cash management (ACH, wire, Positive Pay, Remote Deposit Capture, merchant services), and mortgages distributed via TIB and Rocket Pro partnerships. Digital delivery is provided through iOS/Android mobile apps, online banking, Zelle, and embedded financial calculators.

Product overview

SpiritBank is a community bank offering a unified banking platform with multiple integrated products and services. The core banking platform encompasses personal and business checking, savings, money market, CDs, and IRAs, supported by digital services including mobile banking, internet banking, and Zelle® peer-to-peer payments. The lending portfolio includes personal loans, mortgages (via TIB and Rocket Pro partnerships), business loans, SBA Preferred Lending, USDA Rural Development Loans, and Cash Advantage factoring services. Commercial Client Services provides comprehensive cash management with online banking, ACH, wire transfers, remote deposit, and merchant services. FDIC expansion products include IntraFI® Network Deposits and Reich and Tang for coverage up to $50 million. Consumer and business credit cards are issued through TCM Bank, N.A. The bank serves Tulsa, Sapulpa, and Bristow, Oklahoma through six branches.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Personal checking accounts including eChecking (openable online), Free & Free-er Checking, Golden Age Checking for customers 50+, NOW Account (interest-bearing checking), and Another Chance Checking for those with prior banking issues.
• Personal Savings Savings accounts including Personal Savings with tiered interest rates, Minor Savings Accounts for children with no minimum opening deposit, and Health Savings Now Account (HSA) for high-deductible health insurance holders.
• Certificate of Deposit (CD) Certificate of Deposit products with terms from 30 days to 5 years, including CD Specials with promotional rates. Features automatic renewal and FDIC insurance.
• Consumer VIP Money Market Tiered interest-bearing money market account designed for customers with high checking balances, requiring $5,000 minimum balance with no fees unless balance falls below minimum.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including variable and fixed rate options, insured separately up to $250,000 per individual.
• Personal Loans Flexible personal loans including car loans with quick decisions and pre-approval, home equity loans, and other loans for motorcycles, boats, recreational vehicles, CD-secured loans, and unsecured loans.
• Credit Cards (Consumer) Platinum credit cards issued through TCM Bank, N.A. Three options: Rewards Platinum (1 point per dollar), Cash Rewards Platinum (1% cash back), and Platinum Edition (competitive rates, no penalty APR). Features include mobile payments, FICO score access, cell phone protection, and fraud monitoring.
• Mortgage Loans Home purchase and refinancing mortgages offered through partnerships with TIB and Rocket Pro. Local mortgage banker Destiny Daniels provides personalized guidance through the process.
• Another Chance Checking Specially designed checking account for individuals who have had issues with overdrafts or closures at other financial institutions. Features $9.95 monthly charge, $50 opening deposit, daily POS limit of $500, and converts to a standard product after 12 months in good standing.
• Business Checking Three business checking options: Business to Go (for small businesses, 250 free items), Commercial Checking (unlimited check writing, earnings credit), and Non-Profit Organization accounts.
• Business Loans Comprehensive business lending including commercial loans (term loans, lines of credit for working capital, equipment, real property), SBA loans (7(a) and 504 programs), and alternative lending (factoring, asset-based lending, bridge financing, commercial real estate).
• SBA Lending SBA Preferred Lender offering SBA 7(a) and SBA 504 loan programs. Provides small business financing with lower down payments, longer repayment terms, and accessible qualification criteria for business start-ups, franchising, equipment, inventory, working capital, and commercial real estate.
• USDA Rural Development Loans USDA Business and Industry Guaranteed Loan Program for rural businesses. Used for business conversion, enlargement, repair, modernization, land purchase, equipment, supplies, inventory, debt refinancing, and business acquisitions.
• Cash Advantage (Receivables Factoring) Accounts-receivable factoring program where SpiritBank purchases receivables for immediate same-day cash, improving cash flow without incurring debt. Includes state-of-the-art receivables management and detailed reporting.
• Commercial Client Services (Cash Management) Comprehensive cash management services including online business banking, ACH origination, wire transfers, loan and investment sweep accounts, remote deposit capture, merchant services, positive pay, and ACH Alert fraud protection.
• Remote Deposit Capture Secure desktop scanner-based check deposit technology allowing commercial customers to make same-day deposits from their own office as late as 6:00 p.m.
• Business Credit Cards Business credit cards through TCM Bank including Business Rewards (1 point per dollar), Business Cash Rewards (1% cash back), Business Edition (low rates), and Company Rewards Charge Card for large corporations with no annual fee.
• Commercial Money Market Tiered interest-bearing money market account for business customers, requiring $5,000 minimum balance with no fees unless balance falls below minimum.
• Mobile Banking On-demand mobile banking via iPhone and Android apps enabling account monitoring, alerts, fund transfers, mobile check deposit, and bill payment from anywhere.
• Personal Internet Banking 24/7 online banking platform with real-time account balances, bill pay, CheckFree integration, check images, transaction history, and financial software export capabilities.
• Business Internet Banking Secure online business banking platform providing real-time account balances, direct deposit payroll, ACH origination, wire transfers, state and federal tax payments, and positive pay fraud protection.
• Credit Sense Credit score monitoring service providing instant access to credit scores upon login, score calculation explanations, improvement tips, pre-qualified offers, and credit report monitoring with alerts.
• Zelle Peer-to-Peer Payments Peer-to-peer payment integration within mobile banking for sending and receiving money. No fees per transaction, funds available in minutes, available via mobile app with QR code support.
• IntraFI Network Deposits FDIC insurance expansion service enabling up to $50 million in coverage through deposit placement across network banks. Provides CD-level rates, daily accessibility, and community investment benefits.
• Reich and Tang Demand Deposit Marketplace Business Demand Deposit Marketplace Account providing expanded FDIC coverage up to $50 million through automated deposit allocation across network banks. No monthly maintenance fees with earnings credit.
• Merchant Services Visa and MasterCard transaction processing for business customers, including equipment installation fees and monthly transaction statements, with same-day settlement.

Quantifiable outcome

• Local loan decisions with highly responsive turnaround times, contrasted with larger institutions' slower algorithmic underwriting.

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• TIB (The Internet Bank)coreStrategic or Co-development PartnerSpiritBank has partnered with TIB to offer mortgage products through Destiny Daniels (NMLS# 2353174). This partnership allows SpiritBank to provide competitive home financing options combining over a century of community banking expertise with TIB's mortgage lending products and Rocket Pro's digital mortgage platform.
• Rocket ProcoreStrategic or Co-development PartnerSpiritBank has partnered with Rocket Pro to offer mortgage products. Through this partnership, SpiritBank extends its commitment to customer satisfaction by combining over a century of community banking expertise with Rocket Pro's range of competitive digital mortgage products and personalized home financing options.
• Early Warning Services (Zelle)coreTechnology or IntegrationSpiritBank integrates Zelle, a service operated by Early Warning Services, to enable customers to send and receive money directly between bank accounts. Over 100 million people are enrolled with Zelle. Zelle transactions occur within minutes between enrolled users at participating banks and credit unions.
• TCM Bank, N.A.minorChannel Partner/ Reseller/ DistributorSpiritBank distributes credit card products (Rewards Platinum, Cash Rewards Platinum, Platinum Edition) issued by TCM Bank, N.A. to its customers. SpiritBank earns referral/display fees for originating credit card applications. Cards include features like mobile payments, FICO score access, and cell phone protection.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• BancFirst Corporation: BancFirst is Oklahoma's largest state-chartered commercial bank and the announced acquirer of SpiritBank. Both operate as community/commercial banks across Oklahoma with similar full-service retail and commercial product mixes — BancFirst at materially larger scale.
• FirstBank (Oklahoma): FirstBank is a privately held Oklahoma community bank providing personal and business banking, SBA lending, and treasury services across multiple Oklahoma markets — directly comparable in product mix, scale (~$1B assets), and community-bank positioning to SpiritBank.
• RCB Bank: RCB Bank is an Oklahoma community bank offering personal and business banking, SBA lending, and treasury services. Operates a comparable sub-$2B-asset community-bank model targeting Oklahoma small businesses and consumers.
• Liberty National Bank (Oklahoma): Liberty National Bank is an Oklahoma community bank providing personal banking, business lending, and SBA financing with multiple branches across Oklahoma. Directly comparable sub-billion-dollar community bank with similar SBA emphasis.
• First National Bank of Oklahoma: First National Bank of Oklahoma is an Oklahoma community bank offering deposit, lending, and treasury products to consumers and small businesses across the state. Comparable in size, service area focus, and product mix to SpiritBank.
• Cornerstone Bank (Oklahoma): Cornerstone Bank is a small Oklahoma community bank offering personal and business banking. Smaller in scale than SpiritBank but operating with similar community-bank model and SBA/consumer/commercial lending focus.

Broad incumbents

• Arvest Bank: Arvest is a regional bank operating extensively in Oklahoma and Arkansas, offering consumer and commercial banking, mortgages, and SBA lending. Larger and broader than SpiritBank but operating with similar community-bank ethos in overlapping Oklahoma geographies.
• Bank of Oklahoma (BOK Financial): BOK Financial is the largest Oklahoma-headquartered bank with full-service commercial, consumer, and wealth management capabilities. It competes for the same Tulsa/Sapulpa/Bristow customers at materially greater scale, representing the primary large-bank competitive incumbent for SpiritBank.

Regional players

• INTRUST Bank: INTRUST Bank is a Midwestern regional community bank headquartered in Wichita, Kansas, with comparable asset size to SpiritBank, similar full-service personal/business banking, and a relationship-driven community banking model. Operates in a different primary geography but with a nearly identical playbook.

Emerging players

• Goldwater Bank: Goldwater Bank is a community-focused bank operating in Arizona and beyond with full-service personal and business banking, SBA lending, and treasury services. Comparable product mix and community-bank scale to SpiritBank, though in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/spiritbank
• Facebookfacebook.com/MySpiritBank
• LinkedInlinkedin.com/company/spiritbank
• Instagraminstagram.com/myspiritbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

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 SpiritBank