American Exchange Bank

What American Exchange Bank does

American Exchange Bank (AEB) is a privately held, FDIC-insured community bank headquartered in Henryetta, Oklahoma, founded in September 1933 by 51 local citizens during the Great Depression. The bank operates two physical offices — Henryetta and Okemah (opened July 2020) — and serves consumer, small-business, agricultural, and residential-mortgage customers in East Central Oklahoma with a relationship-banking model centered on personal service and in-house lending decisions.

AEB's product portfolio is organized into three retail pillars plus government-guaranteed commercial lending. Personal banking centers on the Freedom Checking product line (Checkless, Classic Checking variants for under- and over-55, NOW Account, Money Market) and a savings suite including Regular Savings, a youth 'Kitty Club' account, Christmas Club, Certificates of Deposit, and Traditional IRAs. Personal lending covers conventional and VA mortgages, FHA Title I Home Improvement Loans (marketed as a differentiator — no equity or appraisal required), auto loans, recreational vehicle loans, and signature loans. Commercial banking pairs business checking accounts with commercial loans supported by USDA Business & Industry, SBA, and FSA Guaranteed Loan Programs, plus the embedded Autobooks invoicing and online payment platform as an add-on module. Agricultural lending covers livestock, equipment, operating, and purchase-and-development loans.

The technology stack is intentionally non-proprietary: AEB runs a Jack Henry Digital core with the Banno-branded Freedom Online Banking platform and a companion mobile app supporting mobile check deposit and in-app chat ('Conversations'). Revenue mechanics follow a standard community-bank model — net interest income on the loan and securities portfolio is the primary engine, supplemented by deposit-account service charges, loan origination fees, and ancillary transaction fees (debit replacement, insufficient funds, safe deposit box, night deposit, coin counting). Go-to-market is sales-led and branch-driven, with no digital acquisition channels beyond a basic website and Facebook presence; marketing leans on local presence, heritage messaging, and convenience through mobile and online banking rather than performance marketing. There is no AI/ML capability disclosed, no app store optimization, no API platform, and no publicly reported financials.

Name

American Exchange Bank

Legal name

American Exchange Bank

Website

https://americanexchange.bank

Company type

Private

Founded year

1933

Operating status

Operating

Short description

American Exchange Bank is a privately held, FDIC-insured community bank founded in 1933 and headquartered in Henryetta, Oklahoma. It operates two branches in East Central Oklahoma, offering consumer checking and savings, mortgages, commercial, and agricultural loans to retail and small-business customers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Community banking services
• Consumer lending products
• Agricultural loans
• Commercial small business banking
• Online and mobile banking

Headquarters

HQ city

Henryetta

HQ country

United States

HQ region

North America

Offices2 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: Primary revenue from interest earned on loan portfolio including consumer loans, commercial loans, agricultural loans, and mortgages. Also includes interest on investment securities and reserves.
2. Deposit Account Fees: Monthly service fees on checking and savings accounts where minimum balance requirements are not met. Paper statement fees where applicable.
3. Loan Origination Fees: Fees collected at origination of various loan products including consumer loans, real estate mortgages, commercial loans, and agricultural loans.
4. Service Charges: Various service charges including debit card replacement, insufficient funds, overdraft fees, safe deposit box rentals, night deposit fees, and coin counting services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

American Exchange Bank is a two-office community bank in East Central Oklahoma offering traditional banking services. Core offerings include personal checking accounts (Freedom Checking product line), personal savings products, certificates of deposit, IRAs, personal loans (mortgages, FHA Title I home improvement, auto, recreational vehicle, signature loans), commercial accounts and loans, and agricultural loans (livestock, equipment, operating, FSA-guaranteed). Digital channels include Freedom Online Banking and a mobile banking app with mobile deposit and bill pay.

Product overview

American Exchange Bank is a two-office community bank in East Central Oklahoma offering traditional banking services focused on consumer banking, small business banking products, 1-4 family residential mortgages, and consumer loans. The product portfolio centers on Freedom Checking (multiple checking variants including Checkless, Classic Checking U/55, Classic Checking O/55, NOW Account, and Money Market) and Personal Savings accounts (Regular Savings, Kitty Club, Christmas Club, CDs, Traditional IRAs). The bank provides Personal Loans (mortgages, FHA Title I home improvement, auto, RV, and signature loans), Commercial Loans (USDA, commercial real estate, SBA, working capital), and Agriculture Loans (livestock, equipment, operating, FSA-guaranteed). Digital banking is delivered through Freedom Online Banking and Mobile Banking apps with mobile deposit, bill pay, and chat features. Autobooks is offered as a partner-integrated invoicing and payment service for business customers. The bank also provides ancillary services including safe deposit boxes, direct deposits, debit cards, night deposit drops, and a loan calculator.

Differentiator

Problem solved

Functional benefit

Products and services

• Freedom Checking
• Personal Savings
• Personal Loans
• Commercial Accounts
• Commercial Loans
• Agriculture Loans
• Autobooks
• Freedom Online Banking
• Mobile Banking
• Bank Owned Property

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• AutobookscoreTechnology or IntegrationAutobooks is a partner providing online invoicing and payment services for business customers. Enables businesses to create and send professional invoices, accept online payments via debit/credit card or bank transfer, and access financial reports including Balance Sheets and General Ledgers. Payments are deposited directly into business checking accounts.
• FSA Guaranteed Loan ProgramcoreTechnology or IntegrationFarm Service Agency (FSA) Guaranteed Loan Program partnership for agricultural lending. Provides additional lending capacity for agriculture loans including livestock, equipment, operating loans, and purchase and development.
• USDA Business & Industry Guaranteed Loan ProgramcoreTechnology or IntegrationUSDA B&I Guaranteed Loan Program partnership for commercial lending. Enables the bank to offer commercial real estate, construction, and business loans with government backing.
• SBA (Small Business Administration)coreTechnology or IntegrationSBA Loans program partnership providing small business lending options including SBA 7(a) and other SBA-backed commercial loan products.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• SpiritBank: Oklahoma-headquartered community bank offering consumer, small business, and mortgage lending across the state. Comparable product suite, similar community-bank orientation, and overlapping geographic markets with AEB in East Central Oklahoma.
• Armstrong Bank: Oklahoma-headquartered community bank with branches across eastern Oklahoma, including rural markets comparable to AEB's footprint. Similar community-bank model with consumer, commercial, and agricultural lending.
• FirstBank: Oklahoma-based community bank focused on consumer and small business banking. Directly comparable in scale, product offerings, and community-bank business model to American Exchange Bank.
• First National Bank of Oklahoma: Oklahoma-based community bank focused on consumer and small business banking with branch locations across the state. Directly comparable in product mix (checking, savings, mortgages, business loans) and customer segments to AEB.
• Citizens Bank of Edmond: Oklahoma-based community bank providing consumer and business banking products with a local relationship-driven model. Highly comparable in size, strategy, and product mix to AEB's small community bank positioning.
• Vast Bank: Tulsa-based Oklahoma community bank providing consumer and business banking products. Comparable deposit and loan offerings, similar small-bank operating model, and overlapping competitive footprint within Oklahoma.

Broad incumbents

• BOK Financial: Major Tulsa-based regional financial holding company with full commercial banking, wealth, and treasury capabilities across Oklahoma and surrounding states. Overlaps with AEB on consumer and small business banking but at significantly larger scale and broader product range.
• Arvest Bank: Large regional community bank operating across Arkansas, Oklahoma, Missouri, and Kansas. Competes with AEB for consumer and small business customers in Oklahoma and shares the community-bank orientation at much greater scale.
• International Bancshares Corp: Bank holding company operating community banks including commercial banking operations in Oklahoma and across the South/Southwest. Comparable commercial banking model with emphasis on SMB and consumer lending.
• BancFirst: Oklahoma's largest state-chartered commercial bank, with statewide branch coverage in the same markets AEB serves. Highly comparable business model (community/commercial banking, agriculture, SMB lending) but at vastly greater scale, making it the dominant incumbent AEB competes against.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/AmericanExchangeBank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 American Exchange Bank