SeeBITDAOklahoma

Sovereign Bank

  • 104 1st St, Granite, OK
  • 5 locations
  • Since 2004
  • NAICS 5221
Estimated revenueLow confidence
$9.0M
$2.8Mlikely range$13.0M
Revenue
$9.0M
a year
Profit (EBITDA)
$4.1M
45% of revenue
Employees
—
not reported
Leadership
Josh McClain
Vice President, Mortgage Lending · source · confirmed by 2 sources
Unlikely to sell soon

How we got $9.0M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical banks & credit unions business in Oklahoma$9.0M
Revenue$9.0M
× 45% profit margin$4.1M

· Own this business? Correct these figures

What we know

No PPP loan
No 401(k) filing
No reported financials
Company website
Owner named
5 locations found

Signs of a sale Unlikely to sell soon

  • In business 22 years (since 2004)

From public records and the company's website, not a statement that it's for sale.

What they do

Sovereign Bank is a bank offering personal banking, mortgages, and business banking services, with locations in Oklahoma. It serves individuals, businesses, and tribal banking customers.

Products & services
Personal CheckingDebit CardsuChoose RewardsConsumer Credit CardsPersonal Savings AccountsCertificates of Deposit (CDs)Money MarketsPersonal LoansCar LoansBridge LoansSavings and CD-Secured LoansFHA
Markets served
Business & Commercial BankingTribal BankingBanking for Indian CountryGamingIndustries ServedPersonal BankingHome Loans
Service area
Oklahoma
Certifications
FDIC InsuredNMLS #486434

From the company's website. Industry: Banks & credit unions.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
Sovereign Bank
this business
$9.0M$4.1M—
First National Bank and Trust Company
Granite
$1.8M$813K0.0 mi
First National Bank and Trust Company
Mangum
$1.8M$813K9.1 mi
Peoples State Bank
Blair
$988K$231K12.5 mi
Frazer Bank
Hobart
$1.8M$813K16.7 mi
BancFirst
Hobart
$1.8M$813K16.9 mi
InterBank
Hobart
$1.8M$813K16.9 mi

The full calculation

Figures are shown toward the upper part of their range rather than at its middle.

Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.

This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Depository credit intermediation businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (45%). Treat these as a rough guide.

Revenue range$2.8M – $13.0M
EBITDA range$1.3M – $5.8M
Industry (NAICS)Depository credit intermediation (5221)

EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.

Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology

5 locations

104 1st StGraniteThis listing
3856 South Blvd Ste 260EdmondView
821 East HighwayHoldenvilleView
204 N Oklahoma AveMangumView
130 E Macarthur StShawneeView

Revenue, profit and value are for the whole company.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Sovereign Bank

Sovereign Bank is a banks & credit unions company in Granite, Oklahoma, in business since 2004. It is owned by Josh McClain (Vice President, Mortgage Lending). Its estimated annual revenue is about $9.0M, with roughly $4.1M of EBITDA. It has 5 locations.

Common questions

Who owns Sovereign Bank?
Sovereign Bank is owned by Josh McClain (Vice President, Mortgage Lending), according to public sources such as the company's website or filings.
How much revenue does Sovereign Bank make?
SeeBITDA estimates Sovereign Bank's annual revenue at about $9.0M (likely between $2.8M and $13.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
When was Sovereign Bank founded?
Sovereign Bank has been in business since 2004.