The Farmers State Bank, the second bank established in Quinton, opened for business on April 7, 1908. A small wood frame building provided temporary facilities for the bank at that time.
In 1929, stockholders purchased The First National Bank of Quinton and Kinta State Bank, consolidating assets under the state charter of Farmers State Bank. Soon after, bank offices were moved across the street to the building formerly occupied by The First National Bank. The old bank building was torn down in 1980 after new facilities were constructed, where banking services continue today.
The Bank of Red Oak was organized before statehood, in November, 1905, and was given an Indian Nation Charter. The Bank was owned by the Brewer and Fields families of Red Oak until 1960 when 50% of the bank's stock was purchased by the Dollies of Wilburton and the Kirks of McAlester. In 1976, Don Barrington and Olen Treadway purchased the bank. On December 16, 1983, Bill Jordan and the Farmers State Bank purchased certain assets and deposits of the Bank of Red Oak from the F.D.I.C, and operates it as the "Red Oak Branch of Farmers State Bank". Operations were located in the original building, built in 1905, until the new building was completed on Highway 82 in December of 1985.
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