History

Robert Lee Simpson Sr., endearingly known in the community as “Uncle Bob”, and Charles L. Follansbee, chartered The First State Bank of Eufaula in 1910. It was the first state charted bank in McIntosh County - just three short years after Oklahoma officially became the 46th state of the United States of America. Today, two of Mr. Simpson’s grandsons and his great granddaughter continue to serve on the board of directors.

The bank opened its doors on January 30, 1911 across the street from the present location of the Bank of Eufaula on Main Street.  In 1913 the state bank changed to a national charter as The State National Bank until it was changed back to a state-chartered bank as Bank of Eufaula in 2004.

In 1933, Bank of Eufaula, as State National Bank, was able to report that it could pay all deposits at 100% and was able to continue service through the depression and World War II.  During such a troubling time for many, this was an incredible feat and a large benefit to the entire community.

In the 1980s many banks in Oklahoma began to fail because of the Penn Square Crisis. However, Bank of Eufaula (State National Bank) remained strong and determined and R.L.S. III and his wife Rosemary worked tirelessly to ensure the security of customers’ accounts.

Today, you can enter our bank on Main Street or come through our Drive Thru and talk to bankers who have been part of your banking experience for decades.  We are delighted to offer products specific to the needs of our customers and customized to their circumstances.  Bank of Eufaula has proudly seen the community through many ups and downs for over 100 years and the Simpson family along with other wise and community-focused bankers have brought the bank through times of economic crisis, depression, war, or pandemic. 

Bank of Eufaula was founded by family and is proud to continue as family through the dedication of multiple generations of customers and employees.  We care about your family and our community and look forward to serving you for many generations to come.