In August of 1913, G.A. Harbaugh, E. Anderson, T.F. Fennessey and H.E. Noble, owners of Alva Security, organized a new banking institution under the name Central State Bank. The newly named bank continued to operate at the location of the former Alva Security Bank. With new management and capital of $25,000, Central State Bank maintained the high standards set by Alva Security in Oklahoma banking circles. Since Central State Bank was considered a "state bank," the deposits were insured by the Depositors Guaranty of the State of Oklahoma. This guarantee, in addition to the strong financial standing of the stockholders, made Central State Bank a successful institution, with deposits of about $200,000. The bank rapidly flourished, and on October 31, 1917, Central State Bank absorbed the Woods County Union Bank. Harbaugh and George Meade had controlling stocks of the Union Bank at that time.
The situation remained much the same until January of 1919, when a young man by the name of W.D. Myers purchased a large interest in Central State Bank. By March 1922, Myers was president of Central State Bank and in July of 1923 the thriving institution was converted to a national bank. The Central National Bank of Alva (CNB) maintained steady growth in the early years and in 1926 saw the capital stock at $50,000 with surplus and profits amounting to $40,000. At the time, CNB was the largest bank in northwest Oklahoma and had resources of more than $1,300,000. The 1926 bank officers included Myers, president, and Edna Myers (W.D.'s wife), vice president. CNB continued to grow under Myers' direction and the acquisition of the Dacoma Bank took place April 9,1932.
W.D. Myers' wife, Edna Earle, served as one of the directors of the family owned bank until her death in 1959. The couple had five children, all of whom worked at the bank as young adults.
Upon their father's death in 1951, Gertrude Myers became chairman of the board and CEO of the bank, and her brother, W.D. Myers,Jr., became President. W.D. served as President until his death in 1987, and Gertrude made the prosperity of the bank her life-long career until her death on Feb. 4, 2000. W.D's wife, Lillie, served on the board of directors until she passed away in 1979. They had one daughter, Mary Margaret, currently a director of the bank.
L.W. Myers and his wife, Grace, had two sons and a daughter, Leo, Steve, and Marilyn. Grace Myers passed away on September 19, 1994, and L.W. served the bank in various capacities, including director, until his death on September 30, 2000. Leo and his wife, Colleen, have two children, Natalie and Phillip. Leo retired on December 31, 2002. Steve, his wife, Suzie, and their three children live in Arizona, and Steve serves on the board of directors. Marilyn serves on the board of directors as Chairman of the Board. She has two children, Grace and George.
Upon the death of W.D. Myers, Jr., in 1987, William R. Buckles was elected President of the bank, and was named CEO following Gertrude's death. At the time of Gertrude's death, L.W. became Chairman of the Board and served until his death.
The Woodward Branches of NationsBank were acquired by CNB on March 13, 1998. That bank had gone through a series of purchases and mergers beginning with the sale of the Bank of Woodward to Bank IV in Wichita, Kansas on May 28, 1993. This purchase increased the total assets of CNB from $100 million to approximately $172 million.
After 38 years of service, William R. Buckles retired in 2007. Following Mr. Buckles's retirement, Kyle D. Hughbanks was named President and CEO; he also serves as a director.
On March 11th 2012 Central National Bank of Alva changed its name to BancCentral National Association.