Legacy Bank

Overview / Commentary
101 West Main
Hinton, OK 73047

Legacy Bank is headquartered in HINTON and is the 40th largest bank in the state of Oklahoma. It is also the 1,550th largest bank in the nation. It was established in 1902 and as of March of 2024, it had grown to 159 employees at 10 locations. Legacy Bank's money market rates are 9X the national average, and it has a B health rating.

Reviews (4)

Excellent Bank

Posted by: |

One of the best banks in Oklahoma, if not the best. I've banked with them since the early 90s and they have served me well. They have really good mobile tools, online banking, and interest rates. Recently, they reported a 5-star rating from Bauer.

Great Rates Awesome Customer Service

Posted by: |

I've banked with Legacy for 15 years. Their phone support is located in Oklahoma and you can count on fast professional service from them. They always seem to be first to raise rates when the market changes. It's great to bank with people you know.

Great Service And Great People

Posted by: |

I've banked at Legacy for over 15 years and found them to have exceptional service. They definitely put the customer first.

The Worst Bank I Have Ever Dealt With.

Posted by: |

I am usually very forgiving, being a long-time business owner, I hardly ever write a bad review. But I felt it was my obligation to warn others about Legacy Bank. I have lived in many cities, and have banked with many institutions, but none with as unfair “policies” as this one. The people I have encountered over the last four years have all been very, very nice. Clueless, but nice.

My main issue has to do with how they handle their on-line banking. They withdraw your money as soon as they send the check (or electronic withdrawal) as opposed to once the receiving back request their payment. This means the money is deducted from your account 3-6 days prior to the money actually going to the recipient. The problem is if you have a big bill, say your mortgage or rent due on the first, and you get paid on the first, you can use the incoming money to pay your rent. You have to have enough money on the 26 or 27th to cover. Meanwhile they will run the withdrawal every day (26, 27, 28, 29, and 30) and charge a NSF fee for each. This is ridiculous as the check has not even got to the receiving bank, nor has the money be requested.

When I have called about it, the response is always “bank policy”, that Legacy needs to make sure I have enough money in my account to cover the check. But there is no other way, If I wait till the first to send my check it will not arrive till the 5 or 6 and be late. If I wrote a physical check, I could “float” it, but I like the convivence of e-banking.

I am a very loyal person, and love the location of Legacy bank, being close to my house. I took me a long time and a lot of frustration before I actually had enough and moved. As I said before, I have never had this issue with other banks in other states, not with the new bank I transferred to in OKC.


Health Grade Components

FDIC Certificate #4042
Year Established1902
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.87%
Return on Equity - YTD8.97%
Annual Interest Income$10MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$595.7MM$610.1MM
LoansQ1 2024vs Q1 2023$353.1MM$362.2MM
DepositsQ1 2024vs Q1 2023$533.6MM$543.7MM
Equity CapitalQ1 2024vs Q1 2023$58MM$58.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.9MM$6.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$8.8MM$5.3MM
Real Estate OwnedQ1 2024vs Q1 2023$45K$0
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Always verify rates and promotions with the bank or credit union. We are not Legacy Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Legacy Bank Savings Account Rates

3.35%*$0$5kBear Club Savings
OTHER TIERS: 1.85% $10k+ | 2.35% $5k - $10k
2.10%*$50k*-Regular Savings
OTHER TIERS: 1.11% $200 - $10k | 1.60% $10k - $50k

Legacy Bank Money Market Rates

7.00%*$0$25kWin/Win Money Market $7,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 5.00% $25k - $100k
6.00%*$0$25kWin/Win Money Market $6,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 5.00% $25k - $100k
5.00%*$25k*$100kWin/Win Money Market $1,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 1.00% $0 - $25k
5.00%*$25k*$100kWin/Win Money Market $2,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 2.00% $0 - $25k
5.00%*$25k*$100kWin/Win Money Market $3,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 3.00% $0 - $25k
5.00%*$25k*$100kWin/Win Money Market $4,000 debit card transactions
OTHER TIERS: 0.02% $100k+ | 4.00% $0 - $25k
5.00%*$25k*$100kWin/Win Money Market $500 debit card transactions
OTHER TIERS: 0.02% $100k+ | 0.50% $0 - $25k
5.00%*$0$100kWin/Win Money Market $5,000 debit card transactions
OTHER TIERS: 0.02% $100k+
4.07%*$200k*-Money Market Savings
OTHER TIERS: 3.30% $250 - $50k | 3.45% $50k - $100k | 3.67% $100k - $150k | 3.88% $150k - $200k

Legacy Bank Checking Account Rates

2.00%$0-50+ Interest Checking
1.00%$0-Business Interest Checking

Legacy Bank CD Rates

5.12%$10k-3 Month CD
5.06%$10k-6 Month CD
4.80%$10k-1 Year CD
4.33%$10k-18 Month CD
4.13%$10k-18 Month Step-Up CD
3.92%$10k-2 Year CD
3.71%$10k-2 Year Step-Up CD

Legacy Bank IRA Rates

5.80%$0-18 Month Variable IRA

Cities: Binger, Blanchard, Duncan, Elk City, Hinton, Marlow, Newcastle, Oklahoma City, Weatherford

Binger Branches
Binger Branch225 West Main StreetBinger, OK 73009

Blanchard Branches
Blanchard Branch1000 North Main StreetBlanchard, OK 73010

Duncan Branches
Duncan Branch2100 North Highway 81Duncan, OK 73533

Elk City Branches
Elk City Branch921 West Third StreetElk City, OK 73644

Hinton Branches
Legacy Bank101 W Main StHinton, OK 73047

Marlow Branches
Marlow Branch1401 S. BroadwayMarlow, OK 73055

Newcastle Branches
Newcastle Branch509 Northwest 32nd StreetNewcastle, OK 73065

Oklahoma City Branches
Oklahoma City Branch13216 N MacarthurOklahoma City, OK 73142
Memorial Road Branch2801 W Memorial RoadOklahoma City, OK 73134

Weatherford Branches
701-723 E. Main Street Branch701-723 E. Main StreetWeatherford, OK 73096

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