Central National Bank is clearly evidenced by both it's history and the Bank's position as one of the leading financial institutions in Southeastern Oklahoma. The Bank was chartered March 7, 1901 as The Bank of Poteau. The new bank was capitalized with $25, 000 and showed a $4, 698 profit for the first full year of operations. In 1902, the name was changed to The National Bank of Poteau and the first building was constructed at the corner of McKenna and Dewey. Ed McKenna Served as President from 1901-1913. Salary for the Cashier (bank manager) in 1902 was $85 per month. A bookkeeper's salary in 1904 was $25 per month. W.R. Rogers served as President from 1913-1914, P.C. Bolger was President from 1915-1919 and G.O. Nolley was President from 1919-1922. In 1919, the Bank's name was changed to Central State Bank and finally in 1922 the institution became Central National Bank. L.E. Thrasher was President the first four months of 1923. He was followed by E.G. Goodnight who served from 1923-1940. Following Goodnight's death, F.L. Holton, Sr., served as President until the naming of Dr. E.L. Collins, who was President from 1940-1954.
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
