Ranchester State Bank was founded in 1912 by Clyde C. Trader from Mountain Park, Colorado, who believed that Ranchester, Wyoming would be a good place to start a small country bank. The doors opened on May 22, 1912, in a small room in front of the Nevees building in Ranchester. From there, the bank continued to prosper and grow over the years.
A new bank building was constructed in Ranchester in 1977-78. The bank was sold to First National Bankshares of Sheridan in 1985 and sold again in 1989. A group of investors then purchased the bank in April 2000, and changed the name to Cowboy State Bank in 2001. In 2001, the bank also opened its branch in Sheridan.
There were other milestones along the way. In that first year, Frank Paulus, father of Vieva Jeffers and still a prominent area family today, was elected to the Board of Directors. On March 5, 1932, President Roosevelt declared a bank holiday and closed all the banks until they could be examined to determine if they could re-open with FDIC Insurance. Cowboy State Bank re-opened 21 days later, after it was declared sound. For the first time, deposits were now insured for $5,000 per person, and the bank became a member of the newly formed FDIC.
F. C. “Cap” Rawlings was elected Assistant Cashier in 1939, earning a salary of $70 per month. Total bank deposits that year were $118,000. And in 1959, H.C. Jeffers – who carried on the bank heritage of the Jeffers family – passed away after 36 years on the Board of Directors. Don Steadman, another well-remembered bank alumnus, was hired as President of the bank in 1982.
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