From Central State Bank’s humble beginning in borrowed space on May 1, 1913, to today’s Central National Bank and Trust, there has been much growth and change over the last 100 years.
Kayle Costello, senior vice president and trust officer for CNB, talked to Enid Rotary Club members at Monday’s meeting about the history of the century-old bank, which now has three Enid locations and five in other communities,
When the doors first opened in a portion of another business at 109 S. Grand, the fledgling bank was named Central State Bank. It had capital stock of $50,000.
Costello read an article about the opening of the bank from that day’s edition of the Enid Morning News.
A year later, Central moved to its first permanent home, 101 N. Grand, in the Stephenson building. That location remained the bank’s home until 1962, when it opened in its present location of 324 W. Broadway.
“Central State Bank became an integral part of the Enid community,” Costello said.
In 1921, Central State Bank became Central National Bank, Costello said.
Ten years after opening, the bank had more than $2 million in deposits, Costello said. Today its assets are in excess of $595 million.
A Wednesday open house will commemorate the bank’s anniversary.
A 1918 Geronimo, a car that was built in Enid, will be on display inside the lobby all week, Costello said. On Wednesday, a 1913 Packard will be on display under the awning on the north side of the building.
Historical memorabilia will be on display in the lobby, and bank staff will come to work decked out in 1913-period attire. The teller line of 1913 will be recreated for the day.
Birthday cake and punch will be served 2-4 p.m. Wednesday and special presentations will be made by CEO Brud Baker, state Sen. Patrick Anderson and Enid Mayor Bill Shewey.
The celebration will continue, though on a smaller scale, through September. On the last Friday of the month, employees will dress in the costume of historical periods and the bank will have a float in the Cherokee Strip Days Parade.