A Brief History of Alva State Bank & Trust Company

A meeting was held on August 9, 1901, in the office of Harry E. Mason for the purpose of establishing a new bank. After meeting the requirements of the Territory of Oklahoma Banking Department, Alva State Bank received its Certificate of Authority on September 7, 1901. Harry Mason established this new bank in 1901 with the aim and purpose of

  • Giving depositors a safe place in which to keep their funds
  • Furnishing money for loans to depositors and others upon proper showing of security and collateral
  • Doing something toward the upbuilding of Alva and Woods county
  • Making a legitimate profit for shareholders

On November 1, 1957, C.W. Wisdom purchased controlling interest in Alva State Bank and served as its president from January 1958 until his death on September 3, 1993. The Wisdom Family continues to play an active and vital role in the leadership and direction of Alva State Bank & Trust Company.

In 1991, Alva State Bank & Trust Company purchased the savings part of State Federal Savings and Loan. Then in 1992, the Enid branch of Chisholm Federal Savings Association was acquired and became the Enid-Chisholm branch of Alva State Bank. The Burlington Branch was opened in 1995. Alva State Bank & Trust Company purchased the Freedom State Bank in 2014 and the First State Bank of Kiowa in 2018.

Alva State Bank & Trust Company and the Wisdom Family are very proud to have been a part of the growth and progress of the communties we serve in Northwest Oklahoma and Southern Kansas. Alva State Bank continues to stay grounded in the founding principals set forth by Harry Mason in 1901. We have proudly branched out to more areas over the years by planting roots in the communities we serve, focusing on lasting relationships and enhancing the success of the people in those communities. The directors, officers, and staff wish to thank our loyal customers and friends for your support over the past 100 years.

Our Current Board Members

Board Members and Advisory Members

Back row: Bryant Gingrich (Advisory member), Jim Pfeiffer, Ken Schultz, Brad Boeckman, Jamie Shepherd, Todd Holder (Advisory member), Chad McManus (Advisory member).

Front row: Ron Hulshizer, Dr. Peggy Wisdom, Chairman, and Melissa Harzman, President

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