The bank was founded in 1907, the year Indian Territory and Oklahoma Territory united as the State of Oklahoma, by a group of prominent members of the Cherokee tribe. As the only bank in the town of Hulbert, Oklahoma and with branches in Tahlequah and Park Hill, Oklahoma, Local Bank sees its responsibilities extending beyond what are usually thought of as “normal” banking functions. Unlike "ordinary" banks, Local Bank invests 95% of deposits back into Cherokee County. Local Bank, as the largest commercial entity in town, takes the lead in community affairs. The Local Bank daily lives its motto: Your Trust is Our Greatest Asset.