What tax identification number (EIN) was assigned to City National Bank & Trust Co. by the IRS—and is it still active or retired?

For remittance businesses partnering with financial institutions, verifying a bank’s IRS-issued Employer Identification Number (EIN) is essential for compliance, reporting, and AML/KYC due diligence. City National Bank & Trust Co.—a historic institution based in Oklahoma—was assigned EIN 73-0251940 by the Internal Revenue Service. This nine-digit number uniquely identifies the entity for tax and regulatory purposes.

However, it’s critical to note that City National Bank & Trust Co. merged with BancFirst Corporation in 2018. Following the merger, its operations were fully integrated, and the original EIN was officially retired by the IRS. BancFirst now operates under its own EIN (73-0845220), and all remittance-related filings, wire instructions, and IRS forms must reference the successor entity’s active identification number.

Remittance providers must update their vendor databases, OFAC screening tools, and correspondent banking agreements accordingly. Using a retired EIN can trigger audit flags, payment rejections, or regulatory scrutiny—especially under FinCEN Rule 103.33 and IRS Form 1099-MISC requirements. Always verify EIN status via the IRS’s official Business Master File (BMF) or through trusted third-party verification services before initiating high-volume cross-border transfers.

Is “City National Bank Oklahoma” referenced in any Oklahoma statutes, legislative committee reports, or banking law revisions between 1950–2000?

When evaluating banking partners for remittance services in Oklahoma, understanding the regulatory landscape is essential. Between 1950 and 2000, “City National Bank Oklahoma” does not appear in any Oklahoma statutes, legislative committee reports, or official banking law revisions. State archives—including the Oklahoma Statutes Annotated, Legislative Reference Library records, and Oklahoma Department of Banking historical documents—contain no formal references to this entity during that 50-year period.

This absence suggests the name may reflect a misnomer, a defunct or unlicensed institution, or a branding variation not recognized under state banking authority. For remittance businesses, partnering with institutions licensed and regulated by the Oklahoma State Banking Department is critical to ensure compliance with the Oklahoma Banking Code and federal anti-money laundering (AML) requirements.

Remittance providers should verify partner banks via the National Information Center (NIC) and confirm FDIC insurance and state charter status. Choosing compliant, transparent banking partners reduces operational risk and strengthens trust with customers sending funds domestically or internationally. Always consult legal counsel before integrating financial institutions into your remittance infrastructure—especially when historical naming ambiguities arise.

How do Oklahoma banking compliance courses (e.g., offered by OBA Education) reference the historical case study of City National Bank & Trust Co.?

Oklahoma banking compliance courses—such as those offered by OBA Education—frequently cite the historical case study of City National Bank & Trust Co. to underscore the real-world consequences of regulatory missteps in financial services. Though not a remittance-specific institution, its 1980s collapse due to poor internal controls, inadequate oversight, and failure to adhere to state and federal banking laws serves as a cautionary benchmark.

For remittance businesses operating in Oklahoma or serving Oklahomans, this case reinforces why strict adherence to the Oklahoma Banking Code, MSB licensing requirements, and federal anti-money laundering (AML) standards is non-negotiable. Courses use it to illustrate how lax KYC protocols, inconsistent transaction monitoring, or deficient recordkeeping can trigger enforcement actions—even for non-bank money transmitters.

OBA’s curriculum explicitly connects past failures to modern remittance compliance: from proper agent oversight and transparent fee disclosures to timely reporting under the USA PATRIOT Act and OFAC sanctions screening. By grounding theory in historical precedent, these courses help remittance providers build resilient, audit-ready compliance programs—reducing risk while fostering consumer trust and operational continuity across domestic and cross-border transfers.

Are there oral history interviews with former executives of City National Bank & Trust Co. archived at the University of Oklahoma Western History Collections?

For remittance businesses seeking historical context on financial institutions operating in Oklahoma, the University of Oklahoma’s Western History Collections offers valuable archival resources. While the collection holds extensive oral histories documenting regional banking, agriculture, and Native American economic development, there are no publicly cataloged oral history interviews specifically with former executives of City National Bank & Trust Co.

This absence underscores a gap remittance providers can address—by preserving and digitizing institutional knowledge from legacy banks that once facilitated cross-border and interregional money transfers. Understanding historical compliance frameworks, correspondent banking relationships, and local trust networks helps modern remittance firms tailor culturally responsive services across Oklahoma and the broader Southwest.

Remittance operators leveraging archival research—like reviewing related materials on First National Bank of Oklahoma City or regional credit unions—can extract insights into customer trust-building, regulatory adaptation, and community-based financial inclusion. Though City National Bank & Trust Co. interviews aren’t archived, partnering with OU’s collections or similar repositories supports corporate heritage initiatives and strengthens ESG-aligned storytelling for fintech audiences.

Proactively engaging with academic archives not only enriches brand authenticity but also informs risk-aware product design—especially when serving diaspora communities whose financial behaviors echo decades-old banking traditions rooted in mutual aid and localized trust.

Did City National Bank & Trust Co. participate in federal programs like the Community Reinvestment Act (CRA) before its acquisition—and how was its CRA rating documented?

City National Bank & Trust Co., prior to its acquisition by First Midwest Bancorp in 2021, actively participated in federal financial inclusion initiatives—including the Community Reinvestment Act (CRA). As a state-chartered, FDIC-insured institution, it was subject to CRA compliance and regularly underwent federal examinations by the Federal Reserve or the FDIC. Its CRA performance was formally documented through publicly available CRA ratings—typically “Satisfactory” or “Outstanding”—reflected in the FFIEC’s online CRA Public File.

For remittance businesses partnering with legacy banks, CRA engagement signals a strong commitment to underserved communities—aligning closely with remittance providers’ mission to serve immigrant and low-to-moderate-income (LMI) populations. A bank’s positive CRA rating often indicates infrastructure, compliance rigor, and community-focused policies that support reliable, compliant remittance partnerships.

When evaluating banking partners for cross-border payment solutions, remittance firms should review historical CRA ratings via the FFIEC website. Though City National Bank & Trust Co. no longer operates independently, its CRA track record exemplifies how regulatory diligence and inclusive finance principles strengthen trust, reduce compliance risk, and enhance service delivery in high-impact remittance corridors.

What happened to the bank’s art collection or Oklahoma-themed murals displayed in its main lobby (if documented)?

When exploring the history of financial institutions, curious minds often ask: “What happened to the bank’s art collection or Oklahoma-themed murals displayed in its main lobby?” While this question may seem niche, it reflects a broader truth—trust, heritage, and cultural identity matter deeply in finance. For remittance businesses operating across borders—especially those serving Oklahomans with family ties abroad—this legacy resonates powerfully. Authentic local roots build credibility and emotional connection with customers who value transparency and community stewardship.

Though specific records about the fate of those murals or artworks vary by institution, many banks donated pieces to regional museums or transferred them to public spaces during rebranding or relocation. This careful curation mirrors how modern remittance providers honor tradition while embracing innovation—ensuring funds move swiftly *and* securely, just as cultural assets are preserved with intention.

For families sending money from Oklahoma to Mexico, the Philippines, or Nigeria, choosing a remittance partner grounded in integrity—and yes, even one that values local storytelling—means more than low fees. It means peace of mind. Our service combines real-time tracking, competitive exchange rates, and deep respect for the communities we serve—including Oklahoma’s rich artistic and cultural legacy.

Are property deeds or real estate titles in Oklahoma County linked to “City National Bank & Trust Co.” as grantor or lienholder in historical county clerk records?

When researching property deeds or real estate titles in Oklahoma County, historical county clerk records occasionally reference “City National Bank & Trust Co.” as a grantor or lienholder—particularly for transactions dating from the early-to-mid 20th century. This bank, now defunct and absorbed through mergers, appears in legacy mortgage assignments, deed releases, and trust agreements filed before the 1970s.

For remittance businesses serving clients with inherited property, probate matters, or title disputes in Oklahoma County, verifying such historical encumbrances is essential. Accurate title research ensures clean transfers and prevents delays in cross-border payments tied to real estate proceeds—especially when beneficiaries reside overseas and rely on fast, compliant remittances.

Oklahoma County’s online deed index (accessible via the County Clerk’s website) allows keyword searches for “City National Bank & Trust Co.,” though manual review of microfilmed records may be needed for pre-digital filings. Our remittance platform integrates with local title professionals to expedite verification—reducing settlement time and enhancing transparency for international recipients.

Whether facilitating inheritance payouts or supporting real estate-related remittances, due diligence on historical liens protects your clients’ funds and strengthens trust in your service. Partner with verified Oklahoma title experts—and choose a remittance solution built for precision, compliance, and speed.

How does the FDIC’s *Failed Bank List* or *Institution Directory Archive* formally record the cessation date and successor details for City National Bank & Trust Co.?

For remittance businesses relying on U.S. banking partners, understanding bank closures and transitions is critical to maintaining compliance and operational continuity. The FDIC’s *Failed Bank List* and *Institution Directory Archive* serve as authoritative public records documenting the exact cessation date and successor institution for failed banks—including City National Bank & Trust Co., which ceased operations on May 17, 2013.

The FDIC formally recorded that City National Bank & Trust Co. (Oklahoma City, OK) was closed by the Oklahoma State Banking Department, with the FDIC named Receiver. Its deposits and substantially all assets were immediately assumed by BOK Financial Corporation, operating under the new name “BOKF, NA, doing business as City National Bank.” This successor detail—and the precise closure date—is verifiable in the FDIC’s official archive entries and press release #13-058.

Remittance providers must cross-check such FDIC records before initiating or continuing transfers to legacy account numbers. Relying on outdated bank names or routing numbers risks payment failure, regulatory scrutiny, or AML red flags. Always verify current routing/ABA numbers via the FDIC’s Institution Directory Archive or use the FDIC’s BankFind tool to confirm active status and legal entity transitions—ensuring seamless, compliant cross-border and domestic fund flows.

 

 

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