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3510 West Robinson
Norman, OK 73069

Republic Bank & Trust (OK) is headquartered in Norman and is the 30th largest bank in the state of Oklahoma. It is also the 1,507th largest bank in the nation. It was established in 1988 and as of March of 2014, it had grown to 126 employees at 5 locations. Republic Bank & Trust (OK) has a A+ health rating.

Reviews (1)

Republic Bank & Trust Of Norman Oklahoma Blocks All Customers From Doing Business With All Companies In California And Florida

I began using Republic Bank & Trust of Norman Oklahoma since moving to Norman in May 2008. It was an excellent bank with no problems until this year 2013.

First, RB&T forced all of its customers to switch from VISA to MasterCard. I wasn't too concerned about that.

Then, RB&T began blocking all debit card transactions by all customers with all companies in California and Florida. I found out on 6 May 2013 when I tried to buy more airtime for my cellphone with TracFone, located in Florida, a good company I've done business with since August 2008. RB&T blocked the purchase. Why? I had plenty of money in my account to cover the purchase, so that wasn't the problem.

Reply to my inquiry : "I am showing that the transaction you attempted to purchase airtime was being run through Florida. Unfortunately, due to a high amount of fraud recently, transactions in that state has been temporarily blocked."

Then, more information a week later on 13 May 2013 from the bank operations manager : "I would like to explain more detail regarding the blocked states, which is Florida and California. When Republic Bank & Trust started detecting the overwhelming amount of fraud in both states, to protect our customers and attempt to stop anymore fraud we blocked both states. We sent letters to customers that we discovered compromised cards with, explaining that we will need to close their cards. The letter indicates that a new card has been ordered and that they would be receiving and that we would need to close the compromised card within 10 days. As soon as we get all compromised cards close we will be able to remove the block states. I know this did not help with your purchase, but we can accommodate very quickly for your card to purchase in any block state when needed. We have removed the block for Florida and California on your card."

Too late. I had to open a new account at Arvest Bank, get a debit card from them, which turned out to be a VISA card, to then pay TracFone to keep my cellphone service. I'll be closing my RB&T account on or before 3 June 2013.

It was wrong for RB&T to block all customers, and to block all companies in California and Florida, because it hurts good customers and good companies. It appears to be a paranoid overreaction, overkill, to an apparent security problem. Did the bank go too far? Could it be "interfering with interstate commerce" as a federal crime? I've reported this to the FBI and the FDIC, as well as Florida Governor Scott. I don't know yet if they are going to investigate. Arvest Bank officers have never heard of anything like this being done before. Some banks do block specific debit cards for specific security problems on a case-by-case basis to protect those customers, but not blocking all customers for all companies in whole states. It's absurd. I can no longer trust RB&T to not block transactions, so because of that RB&T has just lost a customer.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Republic Bank & Trust (OK) had $3.07 million in non-current loans and owned real-estate with $46.44 million in equity and loan loss allowances on hand to cover it. This gives Republic Bank & Trust (OK) a Texas Ratio of 6.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Republic Bank & Trust (OK) decreased slightly from 9.15% as of March 31, 2013 to 6.62% as of March 31, 2014, resulting in a positive change of 27.69%.This indicates that the balance sheet and financial strength for Republic Bank & Trust (OK) has improved slightly in recent periods.

Deposit Growth


In the past year, Republic Bank & Trust (OK) has increased its total deposits by $38.67 million, resulting in 10.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Republic Bank & Trust (OK) has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Republic Bank & Trust (OK) has $447.86 million in assets with $46.44 million in equity, resulting in a capitalization level of 10.37%, which is above average.

Institution Statistics

FDIC Certificate #27286
Year Established1988
Primary RegulatorFDIC
Assets and Liabilities
Assets$447.86 million
Loans$299.40 million
Deposits$403.79 million
Equity Capital$43.03 million
Loan Loss Allowance$3.41 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$0
Historic Data - March 2013
Assets$405.61 million
Equity Capital$39.59 million
Loan Loss Allowance$3.41 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.47%
Return on Assets1.86%
Return on Equity19.73%
Interest Income$4.95 million

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Republic Bank & Trust (OK) Locations
S. Western Branch11801 S. Western, Suite BOklahoma City, OK 73170
Norman Branch1200 East Lindsey StreetNorman, OK 73071
Republic Bank & Trust3510 West RobinsonNorman, OK 73069
West Main Branch401 West MainNorman, OK 73069
Noble Oklahoma Branch805 North Main StreetNoble, OK 73068