Bank of Cherokee County
How we got $3.8M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 119 years (since 1907)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Local Bank is a bank offering personal and business banking, loans, and mortgages in Oklahoma, with six locations in Tahlequah, Park Hill, Hulbert, Grove, Sallisaw, and Muskogee.
From the company's website. Industry: Banks & credit unions.
Employees over time
▲ 66% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 44 | $12.9M |
| 2021 | Form 5500 | 38 | $11.1M |
| 2022 | Form 5500 | 55 | $16.1M |
| 2023 | Form 5500 | 53 | $15.5M |
| 2024 | Form 5500 | 73 | $21.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Bank of Cherokee County this business | $3.8M | — |
| Arvest Bank Tahlequah | $1.9M | 9.7 mi |
| BancFirst Tahlequah | $1.9M | 9.7 mi |
| Armstrong Bank Tahlequah | $1.9M | 9.7 mi |
| Bank of America ATM Tahlequah | $1.9M | 9.7 mi |
| Arvest Bank Tahlequah | $1.9M | 9.7 mi |
| Local Bank Tahlequah | $1.9M | 9.7 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 | $1.2M – $5.7M |
| EBITDA range | $522K – $2.6M |
| 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
Leadership
- SCSusan Chapman PlumbSigned for the company · 2024 retirement-plan filing (Form 5500)
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.
2 locations
| 110 E Main St | Hulbert | This listing |
| 125 E First St | Tahlequah | View |
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 Bank of Cherokee County
Bank of Cherokee County is a banks & credit unions company in Hulbert, Oklahoma, in business since 1907. It is owned by Susan Plumb (Chairman & CEO). Its estimated annual revenue is about $3.8M, with roughly $1.7M of EBITDA. It has about 73 employees. It has 2 locations.
Common questions
- Who owns Bank of Cherokee County?
- Bank of Cherokee County is owned by Susan Plumb (Chairman & CEO), according to public sources such as the company's website or filings.
- How much revenue does Bank of Cherokee County make?
- SeeBITDA estimates Bank of Cherokee County's annual revenue at about $3.8M (likely between $1.2M and $5.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Bank of Cherokee County have?
- About 73, from its 2024 retirement-plan filing.
- When was Bank of Cherokee County founded?
- Bank of Cherokee County has been in business since 1907.
- Is Bank of Cherokee County for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 119 years (since 1907); no family successor named on its website.