In 2014, Quail Creek Bank is celebrating its 40th anniversary.
As a birthday present to us and our customers, we will be celebrating this big anniversary in style in our newly renovated home scheduled to be completed in May 2014.
“As I Look back on 40 years of Quail Creek Bank in its only location on North May Avenue, I notice the considerable development now in Northwest Oklahoma City,” said Steve Thompson, Executive Vice President of Quail Creek Bank. “When we opened, we were on the edge of town. Commercial and Residential developments have really changed the landscape. With the allowance of branch banking, a considerable number of branches now appear up and down May Avenue.”
Quail Creek Bank was chartered and opened in December 1974 and has operated as a full service community bank in its original northwest Oklahoma City location ever since.
The first official annual report for 1975 indicated an asset size of $8.6 million in the first 13 months. The bank continued steady growth during the remainder of the 1970s.
In 1982 an addition to the existing building was constructed. In its same location and with the same name, the bank continues to be a leader among all community banks in the nation. In 2013, the bank began a massive renovation project to offer a great banking environment to its customers and employees. The changes and updates include a new state of the art drive thru banking location with the latest in teller technology. We also included space for the bank operations department and extra space needed for future operations staff.
Please stop by and check out the new facility, or follow our progress at https://www.quailcreekbank.com/newsroom.
Today, Quail Creek Bank is proud to be the 6th largest Bank in Oklahoma City and having achieved this by still only having one location. At the same time, customers have access to a full range of high tech services that allow banking from just about anywhere in the world.
“When Quail Creek Bank first opened they were just developing technology for the use of cash ATM’s,” Thompson recalled. “We were among the first to offer a Check-OK-ard.
“The continued development of technology over the last 40 years is remarkably the biggest development in banking to date. At first, there were only drive thru banking facilities, now we have multiple ATM locations, Internet Banking, Mobile Banking, and Remote Deposit all of which allow us to bank those outside of our immediate location,” Thompson added.
Financial management for newly married couples is one of the biggest changes a person will go through. Most people are already well aware that nearly half of all marriages end in divorce, and that one of the most frequently cited causes of divorce is financial problems.
There are several things you can do to increase insure you have a happy marriage by improving your finances.
Be honest about debt
Couples considering marriage need to be upfront and honest about their financial situations, including any outstanding debt. This includes:
Many people fall in love and get married only to find out later that their partner is deeply in debt. This newly discovered issue often leads to resentment and financial problems that can be difficult to overcome. Credit card debt can be especially debilitating because the interest is often much higher than student loans, auto loans or mortgage rates. Talking with your partner about any financial liabilities before walking down the aisle is critical to warding off any unpleasant surprises later in the marriage.
Creating a budget and a payment plan is a good way to establish how you will pay off debt as a couple. Put your plan in writing, and follow up every few months to make sure you are on track. Eliminating outstanding debt can bring some harmony to your relationship.
Talk about priorities
One of the main causes of relationship strife is different spending habits. If one partner is a spendthrift and the other partner is frugal, you may be constantly battling over how much is spent. Additionally, expectations are an important component in how satisfied a couple feels with their financial situation. Financial priorities form almost every decision a couple makes. Here are some questions that you should answer – or at least bring up and think about – with your partner:
Being on the same page when it comes to long-term priorities will make it easier to achieve financial goals as a couple – and increase the chance that both partners will be satisfied in the relationship.
Make a plan and write it down
According to a 2009 National Consumer Survey on Personal Finance, only 17% of respondents had established a financial plan in writing that they follow up on regularly.
Having a written financial plan will help you pay down debt, fund your retirement, save for emergencies, and help you build your savings. If you are not sure where to begin, a financial advisor can help you create a written plan for managing your finances. Working together as a couple to create a solid financial footing will reduce the likelihood that financial problems will play a role in your relationship.
Once you establish your written plan, it is equally important that you continue to update your plan as you reach your goals. Financial planning is ever-changing. Over time, your priorities as a couple can change and so can your goals. Thus, it is important to assess your financial needs throughout the course of your marriage.
It is never too late
While it is best to talk about finances before you are married, it is never too late to get on the right track. Even if you have been married for 30 years and feel overwhelmed by debt or other financial obligations, it is never too late to establish a plan together. Being honest with your partner about expectations, priorities, and obligations and making a plan to tackle these issues together is the key to eliminating financial worries as a stress point in your marriage.
Alan Webb at Quail Creek Investment Center can help you plan for your financial security. Contact Alan today at 405-755-1000 or firstname.lastname@example.org for more information.
The outside of the back entrance is nearly complete! We will begin on the front entrance next week.
Also, the lobby floor is getting a make-over!
Check out the updates to the old building! We are almost finished and ready to move to the inside!
The front of the original building is taking a new shape! The lobby is still OPEN for normal business hours during construction! Come see us!
The Newsroom is where you can find the latest information about what's going on at Quail Creek Bank.