First Enterprise Bank

What First Enterprise Bank does

First Enterprise Bank is an independent, privately-held community bank headquartered at 1000 West Britton Road in Oklahoma City, operating continuously since its chartering on April 29, 1907 as the North Oklahoma State Bank. The bank operates four branches within the Oklahoma City metropolitan area (Britton headquarters, North, South, West) and serves two primary customer segments — individual consumers and small-to-medium businesses — alongside a distinctive Cannabis-Related Business (CRB) vertical that has accumulated more than 200 accounts since 2018.

The product suite spans five consumer checking tiers (Elite Gold, Elite Gold Plus, Elite Silver, "Better Than Free," and Young At Heart), five commercial checking tiers (Enterprise, Express, Express Silver, Express Gold, Express Gold Plus), consumer and business credit cards on the Visa and Mastercard networks, a full consumer lending menu (installment, auto, boat/RV/motorcycle), savings and CDs with terms from 30 days to 60 months, Traditional/Roth/Educational IRAs, and HSAs. Commercial lending includes SBA 7(a) up to $5M, SBA 7(a) Express up to $350K, SBA 504 up to $12.5M, commercial real estate and working capital loans, and a dedicated aircraft financing program. Treasury services — ACH origination, Remote Deposit Capture, Lockbox Processing, Positive Pay, and Fraud Protection — are delivered through in-house cash management plus a TIB Merchant Services reseller partnership for payment processing. Delivery channels include iOS/Android mobile apps, web-based internet banking, 24-hour OnCall telephone banking, drive-thru banking at all four branches, and surcharge-free ATM access via a Transfund partnership at 7-Eleven locations.

Revenue is generated through interest income on the loan portfolio (the primary stream per source), recurring monthly service charges on deposit accounts (notably the $200–$400/month CRB tiers), transaction-based fees on wire transfers, interchange from Visa and Mastercard card programs, and a revenue share from TIB Merchant Services payment processing. The bank is FDIC-insured, subject to Regulation E, and has remained family/closely-held since Bill Richardson's 1974 acquisition, with Darrell J. Klimeck currently serving as Chairman of the Board and CEO. No parent company, institutional shareholders, venture capital, or public listing is disclosed.

Name

First Enterprise Bank

Legal name

First Enterprise Bank

Website

https://febokc.com

Company type

Private

Founded year

1907

Operating status

Operating

Headcount range

51–100 employees

Short description

First Enterprise Bank is an independent, privately-held community bank founded in 1907 and headquartered in Oklahoma City, operating four branches that serve individual consumers, small-to-medium businesses, and a specialized Cannabis-Related Business (CRB) vertical with over 200 accounts.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Commercial lending
• Consumer loans
• Cannabis business banking
• Small business treasury services

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Primary revenue from interest earned on commercial loans, consumer loans, SBA loans, real estate loans, and aircraft financing. Includes personal installment loans, auto loans, boat/RV/motorcycle loans, and commercial real estate financing.
2. Certificate of Deposit Interest: Interest-bearing deposit products paying competitive rates on terms from 30 days to 60 months. Current rates range from 1.00% to 3.75% APY depending on term length.
3. Cannabis Business Banking Fees: Monthly service charges for cannabis-related business checking accounts: Tier 1 (Growers) at $400/month, Tier 2/3 at $200/month. Revenue derived from regulatory compliance services and higher risk-weighted accounts.
4. Wire Transfer Fees: Fee-based service for sending and receiving domestic and international wire transfers. Cutoff for same-day processing is 4:00 pm CT.
5. Merchant Services Revenue: Revenue share from payment processing partnership with TIB Merchant Services. Provides point of sale, eCommerce, and mobile payment solutions with next business day funding.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

First Enterprise Bank is an independent, locally-owned community bank in Oklahoma City that provides personal and commercial banking products, including checking accounts, savings accounts, certificates of deposit, IRAs, consumer and business loans, SBA loans, credit cards, treasury/cash management services, and specialized Cannabis-Related Business (CRB) checking accounts. Services are delivered through four Oklahoma City branches and digital channels including internet banking, mobile banking apps, telephone banking, and a surcharge-free ATM network.

Product overview

First Enterprise Bank is an independent, locally-owned community bank in Oklahoma City founded in 1907, offering a comprehensive suite of personal and commercial banking products and services. The bank operates through multiple delivery channels including branch locations, Internet Banking (web-based), Mobile Banking (iOS/Android app), Apple Pay, and telephone banking. Personal banking includes five checking account tiers (Elite Gold, Elite Gold Plus, Elite Silver, "Better Than Free," and Young At Heart), consumer credit cards (Visa and Mastercard with Low Rate and Preferred Points Rewards options), consumer loans (installment, auto, boat/RV/motorcycle), savings accounts, Certificates of Deposit, IRAs (Traditional, Roth, Educational), and Health Savings Accounts. Commercial banking encompasses five business checking tiers (Enterprise, Express, Express Silver, Express Gold, Express Gold Plus), business credit cards (Mastercard Standard and Preferred Points Rewards), SBA loans (7(a), 7(a) Express, 504), commercial loans, aircraft financing, and specialized Cannabis-Related Business (CRB) checking accounts across three tiers. Treasury Services include ACH Origination, Lockbox Processing, Remote Deposit Capture, and Fraud Protection, all supported through partnerships with TIB Merchant Services for payment processing and Transfund for ATM networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts
• Consumer Credit Cards
• Consumer Loans
• Savings Accounts
• Certificates of Deposit
• Retirement Accounts
• Business Checking Accounts
• Business Credit Cards
• Cannabis-Related Business (CRB) Checking Accounts
• Commercial Loans
• SBA Loans
• Aircraft Financing
• Merchant Services
• Treasury Services
• Wire Transfers
• OnCall Telephone Banking

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• TransfundcoreTechnology or IntegrationFirst Enterprise Bank partners with Transfund to offer surcharge-free ATM access at Oklahoma City Metro 7-Eleven locations. This partnership extends the bank's ATM network without capital investment in additional physical machines.
• TIB Merchant ServicescoreChannel Partner/ Reseller/ DistributorPartnership with TIB Merchant Services provides complete turnkey payment processing for businesses. Includes point of sale, eCommerce, and mobile payment solutions with next business day funding, competitive pricing, free cost analysis, and 24/7/365 technical support.

Scale indicators3 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• BOK Financial: Parent of BOKF, the largest Oklahoma-based financial institution with full-service commercial, treasury, and wealth capabilities. Broad incumbent competitor that competes directly with First Enterprise Bank's commercial and treasury services in OKC.
• International Bancshares Corporation (IBC Bank): Mid-sized regional bank holding company with comparable commercial/SMB banking focus across multiple states. Broad incumbent peer showing scaled commercial banking economics that small community banks like First Enterprise compete against for larger Oklahoma SMBs.

Direct peers

• BancFirst: Oklahoma's largest state-chartered commercial bank operating ~100+ branches across the state and Texas, with comparable commercial/SBA lending focus. Most direct peer given overlap in SME and commercial banking in the Oklahoma City market.
• Frontier State Bank: Oklahoma community bank headquartered in Oklahoma City providing personal, commercial, and SBA lending services. Direct peer in the same metropolitan competitive set.
• Coppermark Bank: Oklahoma-based community commercial bank emphasizing relationship banking and small business lending. Directly comparable peer in the same market with similar customer profile and product suite.
• Citizens Bank of Edmond: Oklahoma community bank in the OK metro area offering comparable personal checking, commercial loans, and SBA products. Closely comparable community-bank peer in the same regional market.
• Kirkpatrick Bank: Oklahoma City-headquartered community bank offering personal and commercial banking products. Closely comparable in scale, local relationship model, and product mix to First Enterprise Bank in the same metro.

Emerging players

• Lead Bank: Community-chartered bank that has built a notable cannabis banking and fintech partnership practice. Relevant peer specifically for First Enterprise Bank's CRB vertical, with overlapping cannabis-banking expertise.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/febokc
• LinkedInlinkedin.com/company/first-enterprise-bank-oklahoma-city-ok-

Compliance2 records

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 First Enterprise Bank