On March 21, 1901, just nine short days after the first townsite lots for the new city of Elk City were sold, the Thurmond Brothers - E.K, A.L, O.H, A.N, and I.C. - formed the First National Bank of Elk City. The bank was started with $25,000.00 in capital.
Since such meager beginnings, both Elk City and First National have grown in size and stature. Since 1901, descendants of the Thurmond Brothers have owned and managed the bank.
As many banks came and went throughout the first of the century, FNB stood strong and grew stronger. As FNB approached its fiftieth anniversary, it planned a complete remodel and renovation of its bank building. By this time FNB had been given the nickname as "Old Reliable" because no matter what was thrown its way it still stood strong.
Later, the bank acquired trust powers; changed its name to First National Bank & Trust, Elk City, Oklahoma; opened a branch in Sayre, Oklahoma; and purchased the Mike Neff Agency and later the Cooper West Agency to form the Western Oklahoma Insurance Agency, Inc, in order to expand our services.
Today, First National Bank & Trust is consistently recognized by independent bank rating agencies as one of the top banks in the country. It is the only local bank that started with Elk City and it is the only local bank that has been under the same ownership and management since 1901. From its meager beginnings in 1901, the bank has grown to over $326,000,000 in total assets and over $34,000,000 in capital.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154