The History of Payne County Bank
Payne County Bank has a long history of serving the Perkins area for more than 116 years!
A Rich Tradition
Payne County Bank is proud of its tradition of local ownership and management. For over 116 years, PCB has served the Perkins area with solid banking leadership and devotion to the success of our community.
Payne County Bank was incorporated January 3, 1898, nine years before Oklahoma's Statehood. With original capital stock of $5,000, the bank operated in a wood frame structure at the northwest corner of what is now Main and Thomas streets for about four years. With the construction of a new native sandstone building in 1903, the bank made the southwest corner of Main and Thomas streets in Perkins its home for nearly seventy years.
Payne County Bank and the First State Bank of Perkins were merged on December 31, 1924. It was with this merger that the legendary Delbert C. Butler became associated with Payne County Bank. D. C. would later become president of PCB in 1941, and served in that capacity for over thirty years.
During that time, the bank grew steadily. In need of some additional talent at the growing bank, Mr. Butler contacted the parents of a local young man who was then serving in the Navy during World War II. He left word asking their son to come see him at the bank upon his return from service. When he made the visit, Galen C. Holsinger was offered a job in the Payne County Bank. Galen started his employment under Mr. Butler on November 4, 1946.
Under the watchful eyes and capable hands of Butler and Holsinger, the bank continued to thrive and grow. During 1972, the pair developed plans for a new, modern bank facility to be built on south Main street, one block south and across the street from the old sandstone building. Also during 1972, Mr. Butler was looking toward retirement, and made preparations for the transition of ownership and control of the bank to Galen. In 1973, Galen assumed the presidency of the bank.
With Galen at the helm, PCB continued to flourish. During his tenure with the bank, Galen earned eminent respect among his peers, and served his community with distinction. His honors included induction into the Oklahoma Bankers Association 50-Year Club in 1996, and being the first-ever recipient of the Perkins Chamber of Commerce Citizen of the Year award, also in 1996.
In 1993, Galen and his wife Juanita began a process of ownership transfer of the bank by establishing the Payne County Bank Employee Stock Ownership Plan. Under the plan, the entire ownership of the bank will transfer to the employees and officers of the bank. As it was Galen's wish, this program assures that the bank will remain a locally owned, independent community bank. It was also at this time in 1993 that Galen transferred many of his daily duties to longtime bank senior managers Richard Rogers and Lynn Kinder.
Throughout 1998, the bank celebrated its Centennial. During the year, the Bank underwent a full-scale remodeling project and 2500 square-foot building addition. The addition consisted primarily of office space, plus a 30-seat community business meeting room. Our 100th anniversary year was also marked by a series of events including exciting new service announcements, promotional giveaways, prize drawings, and an October Open House and free barbecue dinner.
Our friend and mentor Galen Holsinger passed away on January 8, 1999. He will always be remembered fondly by the many people whose lives he touched.
Today, PCB operates as a 100% employee-owned community bank. The officers, employees, and directors invite you to join thousands of our other loyal customers and enjoy the benefits of placing your business with a growing and thriving locally-owned community bank.