Who owns First State Bank?

First State Bank is owned by J.P. Gibson (Founder), according to public sources such as the company's website or filings.

How much revenue does First State Bank make?

SeeBITDA estimates First State Bank's annual revenue at about $1.9M (likely between $580K and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.

When was First State Bank founded?

First State Bank has been in business since 1903.

Is First State Bank for sale?

There's no public listing, but it shows signs that often come before a sale: in business 123 years (since 1903); founder still runs it after 123 years.

First State Bank

Banks & credit unions

206 N Main St, Elmore City, OK
Since 1903

Estimated revenueLow confidence

$1.9M

$580Klikely range$2.9M

Revenue

$1.9M

a year

Profit (EBITDA)

$863K

45% of revenue

Employees

—

not reported

J.P. Gibson

Founder · source

Likely to sell

fsbec.com LinkedIn

Contact

Find J.P. Gibson on RocketReach Request removal or correction

How we got $1.9M

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

A typical banks & credit unions business in Oklahoma$1.9M

Revenue$1.9M

× 45% profit margin$863K

· Own this business? Correct these figures

What we know

No PPP loan

No 401(k) filing

No reported financials

Company website

Owner named

Signs of a sale Likely to sell

In business 123 years (since 1903)
Founder still runs it after 123 years

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

What they do

First State Bank is a community bank in Elmore City, Oklahoma, offering checking, savings, CDs, loans and related banking services to local customers.

Products & services

Checking accountsSavings accounts & CDsLoansOnline bankingATM/Visa check cardsCashier's checksDirect depositNight depositoryNotary servicesPersonalized checksSafety deposit boxesStop payment orders

Markets served

AgricultureSchool employees

Service area

Elmore City, OKOklahoma

Certifications

Member FDICEqual Housing Lender

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

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Farms & ranches

FIRE LEAF ENTERPRISES LLC · Oklahoma City, 58 mi · $30.1M
ROBINSON BROS PORK, LLC · Holdenville, 67 mi · $12.6M
T-MAC FARMS FAMILY LIMITED PARTNERSHIP · Wayne, 22 mi · $9.9M
MORTON CATTLE COMPANY, LLC · Stratford, 27 mi · $8.4M
MORTON FARMS LLC · Stratford, 27 mi · $8.4M

Schools & training

OKLAHOMA BAPTIST UNIVERSITY · Shawnee, 57 mi · $76.0M
SOUTHERN NAZARENE UNIVERSITY · Bethany, 63 mi · $72.1M
SANTA FE SOUTH SCHOOLS, INC. · Oklahoma City, 56 mi · $58.3M
MID-AMERICA CHRISTIAN UNIVERSITY, INC · Oklahoma City, 51 mi · $38.6M
DALE ROGERS TRAINING CENTER, INC. · Oklahoma City, 60 mi · $26.4M

Compared with similar businesses nearby

Business	Est. revenue	Est. profit	Distance
First State Bank this business	$1.9M	$863K	—
First United Bank Pauls Valley	$1.9M	$863K	11.7 mi
IBC Bank Pauls Valley	$1.9M	$863K	12.5 mi
First United Bank Pauls Valley	$1.9M	$863K	12.8 mi
PAULS VALLEY BANCORP, INC. Pauls Valley	$20.6M	$9.3M	12.9 mi
State Bank of Wynnewood Wynnewood	$5.3M	$1.1M	12.9 mi
Simmons Bank Wynnewood	$1.9M	$863K	12.9 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	$580K – $2.9M
EBITDA range	$261K – $1.3M
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

People & advisors

Founded 1903 by J.P. Gibson

“In 1903 J.P. Gibson, with a group of citizens, organized the First State Bank with capital of $500.00.”

Leadership

RE
Richard E. Cobb
Chairman of the Board · Company website · source
VJ
Vicki Jones
Director · Company website · source
GG
George G. Dale
Director · Company website · source
NW
Nancy Warren
Director · Company website · source
JD
James Drew Christensen
Director · Company website · source
JC
J. Clay Christensen
Director · Company website · source
KC
Kayli Christensen
Director · Company website · source
AC
Adam Christensen
Advisory Director · Company website · source
BC
Blake Christensen
Advisory Director · Company website · source

From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.

Public records

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

About First State Bank

First State Bank is a banks & credit unions company in Elmore City, Oklahoma, in business since 1903. It is owned by J.P. Gibson (Founder). Its estimated annual revenue is about $1.9M, with roughly $863K of EBITDA.

Common questions

Who owns First State Bank?: First State Bank is owned by J.P. Gibson (Founder), according to public sources such as the company's website or filings.
How much revenue does First State Bank make?: SeeBITDA estimates First State Bank's annual revenue at about $1.9M (likely between $580K and $2.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
When was First State Bank founded?: First State Bank has been in business since 1903.
Is First State Bank for sale?: There's no public listing, but it shows signs that often come before a sale: in business 123 years (since 1903); founder still runs it after 123 years.