Bank2 Rates & Review

Bank2 Review

Bank2 is a unique tribal bank owned by the Chickasaw Nation and based in Oklahoma City.

In January 2000, Governor Bill Anoatubby of the Chickasaw Nation took the lead in giving Oklahomans a new choice in banking with Bank2. As of 2010, Bank2 is the #1 source of Native American home loans in the State of Oklahoma. It was named the Oklahoma Native American Chamber Business of the Year in 2004, and one of the Top 100 Native American Owned Businesses in the U.S. in 2005, 2006, and 2007 by Diversity.com. Bank2 has two branches, one in Davidson, Okla. and one in Oklahoma City. Bank2 enjoys a 4 star Bauer Financial rating as of 2010.

Personal banking

Personal banking services include an assortment of checking account and savings account options as well as loans and mortgages. Free checking and a NOW account are available. Great Rate Checking can be linked with Great Rate Savings to automatically grow savings.

Savings account options include a money market account, Individual Retirement Accounts, and a choice of CD maturities as well as a CDARS account. Consumer loans are available for vehicles, home improvements, and other uses. Bank2 also offers home mortgages.

Deposits are FDIC-insured up to $250,000 for non-interest-bearing deposits and certain retirement accounts. CDARS depository accounts are insured up to $25 million.

Business banking

For business clients, Bank2 offers commercial checking account plans, payroll accounts, business letters of credit, business credit cards, and Small Business Administration loans.

Tribal support

Advancing tribal life is a large part of Bank2's core values, and offering tribal treasury management solutions is one way the bank fulfills its goals. Management systems include better disbursement control, easier security pledging, smoother information flows, and better decision-making overall on the financial side of tribal life.