BancCentral National Association History | Back |
The opening of the Cherokee Strip in 1893 brought a boom of numerous businesses and banks. One of the institutions that survived from that time is The Central National Bank of Alva, in Alva, Oklahoma, owned and operated by the Myers family since 1919. Only after several mergers in the early years did the bank take the name it has today. The Alva National Bank was established in 1899. In June of 1907, Alva National had a capital stock of $40,000 and was fully equipped with the latest improved steel, fire and burglar proof safes and vaults. This equipment guaranteed depositors that their money would be absolutely safe, and deposits amounted to $200,000. Officers of Alva National Bank in 1907 were George A. Harbaugh president, and J.H. Schaefer, v
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