Chickasaw Banc Holding Company, a bank holding company for Chickasaw Community Bank in Oklahoma City, Oklahoma, today announced it has entered into a stock purchase agreement to acquire Oklahoma Heritage Bank, headquartered in Ada, Oklahoma.
“Oklahoma Heritage Bank is well-respected with four decades of sound, consistent and profitable growth and a dedicated service commitment to its customers and communities. We are proud to expand our services in Oklahoma with this stellar team,” stated Bill Schonacher, Chief Executive Officer of Chickasaw Community Bank. “Every employee of Oklahoma Heritage Bank will be a valued part of our team, so customers can look forward to the same level of service from the same team of dedicated professionals they know and respect,” Schonacher added.
Oklahoma Heritage Bank was established in Roff, Oklahoma in 1979. Since that time the bank has expanded to include offices in Byng, Stratford, and in Ada where the bank is now headquartered. The family of Dr. Darryl Fisher has held controlling interest of the bank since 1984. The bank’s total assets were $99.6 million as of December 31, 2024.
Dr. Fisher shared, “I grew up in Ada, and for more than eight decades the Ada community has been part of the fabric of my family’s lives. I cannot think of a better steward of this financial institution than the great Chickasaw Nation and the Chickasaw Community Bank who will expand the financial services in Ada and the surrounding communities.”
“We are delighted to join Chickasaw Community Bank,” Dustin Riddle, Director and President of Oklahoma Heritage Bank commented. “Being part of the Chickasaw Community Bank team allows us to continue to build on our legacy as the premier bank for families and businesses in Pontotoc and Garvin Counties. Our customers will benefit from local decision making, expanded service offerings, and the high levels of personalized service you’ll only find in a local community bank.”
Chickasaw Community Bank was established in 2002 to bring to fruition Governor Bill Anoatubby’s vison of a tribal owned bank to uniquely meet the needs of Indian County and the greater community, and to build better lives for everyone. The full-service bank, headquartered in Oklahoma City, is a leading provider of Section 184 First American home loans in the nation. Chickasaw Community Bank had total assets of $470 million as of December 31, 2024.
“With Oklahoma Heritage Bank’s local focus and impeccable track record providing banking and loan services to families and businesses, we look forward to the growth of commerce and community in these new markets,” said Chickasaw Nation Governor Bill Anoatubby.
The transaction is expected to close late in the second quarter or in the third quarter of 2025, subject to regulatory approval. When the transaction closes, Oklahoma Heritage Bank will operate under the trade name of Chickasaw Community Bank. Banking operations will continue as usual until the banking systems are combined in early 2026.
DD&F Consulting Group served as financial advisor, and Fenimore Kay Harrison LLP and GableGotwals served as legal counsel for Chickasaw Community Bank. McAfee & Taft served as legal counsel for Oklahoma Heritage Bank. Terms of the agreement were not released.
Contact: Chickasaw Community Bank: Bill Schonacher, 405.946.2265
