The Bankers Bank logo

The Bankers Bank in Oklahoma City, OK

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Correspondent banking partner serving community banks across the South and Southwest with loans, safekeeping, and international services for four decades.

Data compiled from public sources

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The Bankers Bank Review

The Bankers Bank was founded 40 years ago by Oklahoma bankers with a vision of creating a collaborative correspondent banking institution owned and governed by the community banks it serves. Originally starting with a small team in a single office, it has expanded to serve partner banks across Oklahoma, Texas, New Mexico, and Kansas. The company positions itself as a relationship-driven alternative to larger banking providers that may not prioritize community bank customers.

Founded on principles of independence and trust, TBB operates as a shareholder-owned institution with a stated commitment to transparency and alignment with community banking interests. The company explicitly celebrates its four-decade track record of supporting community bank growth and innovation through dedicated partnership. TBB operates through a digital platform called iWeb that centralizes correspondent banking transactions, applications, and reporting in a single interface designed to reduce friction and complexity for community bank operations.

Services & Features

Business banking
Checking accounts
FDIC insured deposits
Mortgage lending
Personal loans
Savings accounts

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • FDIC insured — deposits protected up to $250,000
  • Established in 1986
  • Local community bank with personal service
  • 2 locations

Cons

  • Limited to local service area
  • May have fewer digital/mobile banking features than national banks
  • Fewer ATM locations than large banks

State Consumer Finance Context

This is state-level context for Business Loans consumers in Oklahoma City, OK. It does not confirm that The Bankers Bank or this specific location is licensed.

State regulator

Oklahoma Department of Consumer Credit

Consumer protection

Oklahoma Attorney General Consumer Protection Unit

Personal loan rules in Oklahoma

Status: Permitted

Rate context: 6% default usury rate (Okla. Stat. tit. 15, § 266); however, lenders may contract for higher rates if loan agreement specifies rate

Personal loans regulated under general Oklahoma usury law; specific rate caps may apply by lender type. Installment loans and consumer finance company loans may have different rate structures under Oklahoma Consumer Finance Act.

Installment loan rules in Oklahoma

Status: Permitted

Rate context: Governed by Oklahoma Consumer Finance Act (Okla. Stat. tit. 24, § 131 et seq.) and general usury cap of 6% unless parties agree otherwise in writing

Consumer finance companies licensed by Department of Consumer Credit may charge rates up to limits specified in loan agreement, subject to Oklahoma Consumer Finance Act requirements. Finance charges must be disclosed clearly.

Key state rules to check

  • Payday loans (deferred deposit lending) capped at $500 with tiered fees: $15 per $100 on first $300, $10 per $100 on balance.
  • Maximum loan term is 12-45 days.
  • Borrowers may not have more than two outstanding payday loans at once.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does The Bankers Bank offer?

The Bankers Bank offers 6 services including Checking accounts, Savings accounts, Personal loans, Mortgage lending, Business banking, and 1 more.

Who is The Bankers Bank best suited for?

The Bankers Bank is best suited for Local banking with personal service, FDIC-insured deposits, Small business banking.

What are the strengths and weaknesses of The Bankers Bank?

Key strengths: FDIC insured — deposits protected up to $250,000; Established in 1986; Local community bank with personal service. Areas to consider: Limited to local service area; May have fewer digital/mobile banking features than national banks.

How does The Bankers Bank compare to similar companies?

In the Business Loans category, comparable providers include Accompany Capital, Apex Capital Corp, Kafene. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.

Quick Facts

Founded
1986
Headquarters
Oklahoma City, OK
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #26677
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CreditDoc Diagnosis

Doctor's Verdict on The Bankers Bank

Ideal for Local banking with personal service and FDIC-insured deposits. Strength: FDIC insured — deposits protected up to $250,000. Watch out for: Limited to local service area.

Best For

  • Local banking with personal service
  • FDIC-insured deposits
  • Small business banking
Updated 2026-05-08

Similar Companies

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Apex Capital Corp

Invoice factoring company specializing in freight and trucking since 1995, offering same-day to 24/7/365 funding for qualified business clients.

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Kafene

Kafene is a lease-to-own financing platform that helps merchants approve customers across all credit profiles for furniture, appliances, and other goods up to $5,000.

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BBB: NR

Best for: Merchants (furniture stores, appliance retailers, electronics shops) seeking to increase sales conversion among subprime and no-credit customers, Customers with poor or no credit history who need immediate access to furniture or appliances with flexible payments

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Is The Bankers Bank Right for You?

Answer 3 quick questions to see if this provider matches your needs.

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Quick Summary

  • The Bankers Bank is listed as a Business Loans provider in Oklahoma City, OK on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

Next Steps

Find contact or location Check phone, address, map, and website availability. Check specific services See whether the provider lists the help you need. Match your need Use the quiz for loans, credit help, debt support, or credit building. Compare alternatives Review similar providers before making contact. Improve your position How to Read Your Credit Report (And Spot Errors) Learn the basics Start the free Credit Fundamentals course.

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Financial Terms Explained (7 terms)

New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.

Interest & Rates

APR — Annual Percentage Rate

The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.

Why it matters

Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.

Example

You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.

Interest Rate

The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.

Why it matters

Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.

Example

On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.

How Loans Work

Cosigner — Loan Cosigner

A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.

Why it matters

Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.

Example

A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.

Loan Term (Tenor) — Loan Term / Tenor

How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.

Why it matters

Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.

Example

Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.

Origination Fee — Loan Origination Fee

A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.

Why it matters

Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.

Example

You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.

Principal — Loan Principal

The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.

Why it matters

Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.

Example

You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.

Underwriting — Loan Underwriting

The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.

Why it matters

Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.

Example

You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.

Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.

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