Bank of Laverne

Bank of Laverne was established on January 1, 1922, originally operating under the name The First National Bank of Laverne. Over the years, the institution underwent several significant changes. On June 1, 1993, it changed its name to Bank of Laverne, and this same date saw a shift in its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC) and a change in its chartering agency to state oversight. Additionally, the bank withdrew from membership in the Federal Reserve System on that date. After relocating its main office to 11 East Jane Jayroe, Laverne, Oklahoma on February 23, 1990, Bank of Laverne continued to operate until it merged with Security State Bank, based in Cheyenne, Oklahoma, on August 15, 2020.

Below is a list of some important events in banks history, including mergers and acquisitions.

1922-01-01Institution established. Original name: The First National Bank of Laverne.

1990-02-23Main Office moved to 11 East Jane Jayroe, Laverne, OK 73848.

1993-06-01Institution withdraws from membership in the Federal Reserve System.

1993-06-01Changed Chartering Agency to State.

1993-06-01Changed Primary Federal Regulatory Agency to FDIC.

1993-06-01Changed Institution Name to Bank of Laverne.

2020-08-15Merged and became part of Security State Bank in Cheyenne, OK.