The bank was founded as Bank of Commerce on February 10, 1906 by the Mullendore and Edgington families. On April 26, 1911 the Bank of Commerce changed from a State Charter to a National Charter, thus changing the name to The National Bank of Commerce. In 1935 The National Bank of Commerce merged with the First National Bank and on January 15, 1936 The National Bank of Commerce changed its name to The First National Bank in Hominy. The First National Bank in Hominy received 100 year recognition from the Office of the Comptroller of the Currency in 2011. On December 14, 2016, The First National Bank in Hominy converted to a State Chartered Bank changing its name to 1st Bank in Hominy. To this day the descendents of the Mullendore family continue to be actively involved with the bank.
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