Exchange Bank history

On February 20, 1896, Moore and his brother-in-law Harry A. McCandless invested $5,000.00 in capital and opened the doors of Exchange Bank in Perry, Ok.

The Skiatook Bank, established in 1905, was the first bank in Skiatook.

Immediately following the earthquake of 1906, Manville and Frank Doyle rallied fellow business owners to bring the city back.

Hall had first joined the organization in 1909; he was a native of Noble County, having been born inside Cherokee Strip Territory before the run.

Also, this was the year oil was discovered in Noble County which helped deposits grow to $150,000.00 in 1912.

In 1913 the Oklahoma Banking Company was also adopted by the Federal Reserve Board and was renamed the Oklahoma National Bank of Skiatook

In 1920 C.H. Cleveland, President of the First National Bank of Skiatook sold his stock in the bank to Ed Shackelford from Webbers Falls, OK.

In 1923, Doyle called the first meeting of the Bridging the Golden Gate Association to discuss his plans for the construction of the Golden Gate Bridge.

In the fall of 1925, the Exchange Bank began remodeling.

By January, 1929 Fred Moore retired and Joe McClellan, who had lived in Perry for years and was active in both the bank and oil development became President and O.R. Hall continued as Cashier.

In 1930, the Oklahoma First National Bank of Skiatook was renamed The Exchange Bank.

Although there was a depression throughout the beginning of the ‘30s its depths were reached in 1931 when deposits at the Exchange Bank were at a low of $323,000 as compared with $428,000 just two years before.

In 1933 the price of oil reached a low of .40 cents per barrel at which time Governor Bill Murray, by executive order, declared that oil could not be purchased for less than $1.00 per barrel.

Prior to 1935 there were fifteen banks in Noble County of which four were banks in Perry that failed.

On May 28, 1937, Doyle was rewarded for his efforts when he became the first person to cross The Golden Gate Bridge in an automobile.

Since 1948, the scholarship fund has provided over $93.6 million to 139,000 Sonoma County students.

During Hall’s administration the bank expanded its facilities in 1950 with a major remodeling and expansion to a partial second floor.

In 1952, The Exchange Bank’s new million-dollar building was opened at 220 S. Broadway.

In February 1988, Dwight Hamann was hired by the bank as a marketer.

Zack Hall, a graduate from the University of Oklahoma and the youngest son of George W. Hall and the Grandson of O.R. Hall would leave the Institutional Investment firm of James Baker and Associates to join the bank as Vice-President for commercial lending in May of 2000.

By late December 2015, Stillwater operations grew in such a fashion that it required the lease of a second location to house the mortgage loan function and the purchase of a downtown Stillwater location where a full-service drive-up ATM facility was erected.