Gateway First Bank (Cherokee, OK)


Overview / Commentary
918-324-0021
244 South Gateway Place
Jenks, OK 74037

Gateway First Bank (Cherokee, OK) is headquartered in Jenks and is the 8th largest bank in the state of Oklahoma. It is also the 566th largest bank in the nation. It was established in 1935 and as of September of 2019, it had grown to 1,324 employees at 11 locations. Gateway First Bank (Cherokee, OK)'s money market rates are 3X the national average, and it boasts an A+ health rating.

Reviews (1)

Farmers Exchange in a Small Town

In a small town, the occasional experiences of small town banks can prove insufficiently satisfying in terms of advanced financial stability. Inability to access checking account funds after initial deposits for extended periods of time beyond reason, perplexing confusion of paid employees in regards to systems that are seemingly antiquated, and the overall misdirection of optional resources and fees, all stem together to frustrate the customer to a point of irritation. Though manners may hold well in the area of choice, the general appeal of the firm is seemingly nonexistent. Upon entry into the building, it is not uncommon to be greeted by what appears to be nobody, inevitably causing one to wait for a further extended period of time in order to receive any sort of service. Upon receiving aforementioned service, it seems often unlikely to get a clear dedicated response of what sort of service you are signing up for, depositing into, or reviewing through the limited technological options. Fees seem endless once finally able to access any sort of online or in person account. In general, straying away from this business seems the best option for buyers with a reasonable demand for service quality and maximization of satisfaction derived from the service.



Health
A+

Health Grade Components

Overall
FDIC Certificate #15118
Year Established1935
Employees1324
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.71%
Return on Equity - YTD19.19%
Annual Interest Income$36.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$1.48B$309.9MM
LoansQ3 2019vs Q3 2018$1.03B$218.2MM
DepositsQ3 2019vs Q3 2018$659.3MM$262.1MM
Equity CapitalQ3 2019vs Q3 2018$204.6MM$40.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$591.00K$6.4MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$6.0MM$769.00K
Real Estate OwnedQ3 2019vs Q3 2018$281.00K$590.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Gateway First Bank (Cherokee, OK) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Savings

Gateway First Bank (Cherokee, OK) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.16%*$100k*-Money Market Deposit Account
OTHER TIERS: 0.25% $1k - $10k | 0.55% $10k - $50k | 0.85% $50k - $100k

Gateway First Bank (Cherokee, OK) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$50k*-NOW Interest Checking
OTHER TIERS: 0.10% $1k - $10k | 0.20% $10k - $25k | 0.35% $25k - $50k

Gateway First Bank (Cherokee, OK) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.35%*$100k*-60 Month CD
OTHER TIERS: 2.25% $500 - $100k
2.25%*$100k*-24 Month CD
OTHER TIERS: 2.15% $500 - $100k
2.25%*$100k*-36 Month CD
OTHER TIERS: 2.15% $500 - $100k
2.25%*$100k*-48 Month CD
OTHER TIERS: 2.15% $500 - $100k
2.23%*$100k*-12 Month CD
OTHER TIERS: 2.13% $500 - $100k
1.70%*$100k*-6 Month CD
OTHER TIERS: 1.60% $500 - $100k

Gateway First Bank (Cherokee, OK) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$100k*-2 Year IRA
OTHER TIERS: 2.15% $500 - $100k
2.25%*$100k*-3 Year IRA
OTHER TIERS: 2.15% $500 - $100k
2.23%*$100k*-1 year IRA
OTHER TIERS: 2.13% $500 - $100k
Locations


Gateway First Bank (Cherokee, OK) Locations
Wakita Branch1716 Main StreetWakita, OK 73771
Tonkawa Branch111 East Grand StreetTonkawa, OK 74653
Farmers Exchange Bank244 South Gateway PlaceJenks, OK 74037
Helena Branch220 N. MainHelena, OK 73741
Nash Branch107 South Main StreetNash, OK 73761
Drive-In Branch116 North 7th StreetTonkawa, OK 74653
Greeneville Lpo905 Tusculum Blvd.Greeneville, TN 37745
Cherokee Branch419 S Grand AveCherokee, OK 73728

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