Payne County Bank was incorporated January 3, 1898, nine years before Oklahoma's Statehood. With original capital stock of $5,000, the bank operated in a wood frame structure at the northwest corner of what is now Main and Thomas streets for about four years. With the construction of a new native sandstone building in 1903, the bank made the southwest corner of Main and Thomas streets in Perkins its home for nearly seventy years.
Payne County Bank and the First State Bank of Perkins were merged on December 31, 1924. It was with this merger that the legendary Delbert C. Butler became associated with Payne County Bank. D. C. would later become president of PCB in 1941, and served in that capacity for over thirty years.
During that time, the bank grew steadily. In need of some additional talent at the growing bank, Mr. Butler contacted the parents of a local young man who was then serving in the Navy during World War II. He left word asking their son to come see him at the bank upon his return from service. When he made the visit, Galen C. Holsinger was offered a job in the Payne County Bank. Galen started his employment under Mr. Butler on November 4, 1946.
Under the watchful eyes and capable hands of Butler and Holsinger, the bank continued to thrive and grow. During 1972, the pair developed plans for a new, modern bank facility to be built on south Main street, one block south and across the street from the old sandstone building. Also during 1972, Mr. Butler was looking toward retirement, and made preparations for the transition of ownership and control of the bank to Galen. In 1973, Galen assumed the presidency of 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