Benefit Bank

Benefit Bank was established on November 30, 1999, as a financial institution headquartered in Muskogee, Oklahoma. Initially, it operated under the name Benefit Bank and was regulated by various agencies during its history. On July 21, 2011, its primary federal regulatory agency changed to The Office of the Comptroller of the Currency. On June 11, 2014, Benefit Bank transitioned to a commercial bank organization type, became a state-chartered bank not a member of the Federal Reserve System, and changed its primary federal regulatory agency to the Federal Deposit Insurance Corporation. Ultimately, on May 23, 2015, Benefit Bank merged with Armstrong Bank, continuing its operations under the new name in Muskogee, Oklahoma.

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

1999-11-30Institution established. Original name: Benefit Bank.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2014-06-11Changed Chartering Agency to State.

2014-06-11Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2014-06-11Changed Organization Type to Commercial Bank.

2014-06-11Changed Primary Federal Regulatory Agency to FDIC.

2015-05-23Merged and became part of Armstrong Bank in Muskogee, OK.