Legacy Bank

Overview / Commentary
101 West Main
Hinton, OK 73047

Legacy Bank is headquartered in Hinton and is the 26th largest bank in the state of Oklahoma. It is also the 1,197th largest bank in the nation. It was established in 1902 and as of March of 2022, it had grown to 148 employees at 10 locations. Legacy Bank has a B+ health rating.

Reviews (1)

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 - YTD1.33%
Return on Equity - YTD20.3%
Annual Interest Income$8.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$797.5MM$1.27B
LoansQ1 2022vs Q1 2021$546.4MM$976.4MM
DepositsQ1 2022vs Q1 2021$554.4MM$527.4MM
Equity CapitalQ1 2022vs Q1 2021$53.9MM$44.2MM
Loan Loss AllowanceQ1 2022vs Q1 2021$4.8MM$5.7MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$6.2MM$11.6MM
Real Estate OwnedQ1 2022vs Q1 2021$0$25.00K

Rates for Legacy Bank are currently being reviewed.


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 West MainHinton, 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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