Vision Bank (OK)

Overview / Commentary
101 East Main Street
Ada, OK 74820

Vision Bank (OK) is headquartered in Ada and is the 20th largest bank in the state of Oklahoma. It is also the 1,096th largest bank in the nation. It was established in 1924 and as of June of 2021, it had grown to 211 employees at 9 locations. Vision Bank (OK) has an A health rating.

Reviews (2)

Another Step In The Wrong Direction

On November 5, 2012, we received an email notice from Vision Bank. It is provided below. Not only do we now have to charge a total of $250 per month, (use to be just 10 POS transactions), but their interest rate has dropped to 1%. Vision bank management has been making small changes to the interest rate for years (started out at 4%), and as a result, total deposits have dropped significantly over the last year. This illustrates how such managerial decisions have just the opposite effect than what is desired. Unfortuneately, management is taking another step in the wrong direction. Their latest decision will result in even lower overall deposits and stagnate growth -- if not decline and downsizing in the future.




EFFECTIVE December 1, 2012

Your VIVA checking account is one of the best accounts to be found anywhere and we plan to keep it that way, however, given the historical low interest rate environment, coupled with the large additional expenses we will incur to comply with the new Dodd-Frank Banking bill, we must make some changes to this account. The changes outlined below will be effective December 1, 2012.

Presently, in order to earn the premium interest rate on your account, you must make at least 10 Point of Sale (POS) transactions on the account by the end of each month. This is being changed to a total of $250 in POS transactions per month. You will no longer be required to make the 10 POS transactions per month as long as the total of all of your POS transactions completed each month total at least $250.

As long as you meet the POS requirements, we have been refunding fees incurred for 5 transactions when using non Vision Bank ATMs. Effective December 1, 2012, we are placing a cap on the ATM fees refunded at $15 per month.

Finally, the interest rate paid on this account will be lowered from 2% to 1% APY.





Vision Bank Provides None Of Own Money Or Commercial Instruments

Vision Bank Fails to Disclose to the (Account Holder) that the (Account Holder) Signature Created New credit that is claimed by the Bank as a Loan to the Borrower

Vision Bank Deceives Borrower by Calling Credit a “Loan” when it is a Deposited Asset created by the (Account Holder)
Vision Bank Deceives Public at large by calling this process Mortgage Lending

Vision Bank Provides None of own Money or commercial instruments so the Bank has No Consideration in the transaction and so no True Contract exists.
Vision Bank provided no value or consideration.

Vision Bank Demands (Account Holder) payments without Just Cause, which is Deception, Theft and Fraud
Vision Bank Hides truth from the (Account Holder), not admitting Theft,

Vision Bank is not the Holder in Due Course of the Loan Contract.
Vision Bank has No Consideration, No Risk and No Need for Security.
Vision Bank Exploits (Account Holder) by demanding a Unjust Mortgage.

Vision Bank Deceives (Account Holder) that the Mortgage is needed as Security Mortgage Contract is a second Financial Instrument Created by the (Account Holder) Deposit of the Mortgage Contract is not credited to the (Account Holder) Bank sells the (Account Holder) Mortgage Contract for profit without disclosure or share of proceeds to (Account Holder)

Mortgage Contract Vision Bank Deceives (Account Holder)
that Bank is the Holder in Due Course of the Mortgage Bank Extorts Unjust Payments from the (Account Holder) under Duress with threat of Foreclosure Bank Steals (Account Holder) Wealth by intimidating (Account Holder) to make Unjust and fraudulent

Vision Bank Deceives Court that Bank is Holder in Due Course of Loan Contract and Mortgage. Bank’s Lawyers Deceive and Exploit Court to Defraud (Account Holder)


Health Grade Components

FDIC Certificate #4029
Year Established1924
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD14.73%
Annual Interest Income$16.1MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$873.2MM$824.1MM
LoansQ2 2021vs Q2 2020$512.6MM$483.8MM
DepositsQ2 2021vs Q2 2020$730.2MM$651.1MM
Equity CapitalQ2 2021vs Q2 2020$73.2MM$72.6MM
Loan Loss AllowanceQ2 2021vs Q2 2020$8.2MM$6.5MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$6.0MM$7.7MM
Real Estate OwnedQ2 2021vs Q2 2020$27.00K$42.00K
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Vision Bank (OK) Savings Account Rates


Vision Bank (OK) Checking Account Rates

0.05%--Interest Checking
0.05%--55+ Checking

Vision Bank (OK) Locations
Vision Bank, National Association101 East Main StreetAda, OK 74820
Sulphur Branch1100 West BroadwaySulphur, OK 73086
Motor Bank Branch1200 East 12th StreetAda, OK 74820
Davis Branch1200 East Main StreetDavis, OK 73030
Arlington Center Branch1901 Arlington StAda, OK 74820
Durant Branch2514 University BoulevardDurant, OK 74701
Meeker Branch409 South DawsonMeeker, OK 74855
Shawnee Branch4301 N. Harrison StreetShawnee, OK 74804
Prague Branch802 Jim Thorpe BlvdPrague, OK 74864

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