Independent Banker - November 2022 - 82

CONNECTIONS TRAILBLAZER
something. You're gonna be one of the
last guys that can buy a bank with just
sweat equity. "
And so began the Anderson family's
ownership of F&M Bank. It was a
baptism of fire: The late 1970s and
early 1980s brought a recession, high
inflation and higher interest rates;
Anderson was paying 18% interest on
the loan he used to buy the bank. But
F&M survived through hard work and
the connections Anderson had made.
Since then, the community bank's
growth has been steady. It acquired a
handful of distressed banks over the
years and opened branches to expand
its footprint. Anderson has been
an active member of the Oklahoma
Bankers Association and ICBA, and he
also sat on the board of First National
Bank & Trust Co., a Potawatomi tribal
bank in Shawnee, Okla. His son, John
Tom Anderson, is a current director.
" We have excellent relations with
the tribe, and [F&M Bank] does
some loans with the Bureau of Indian
Affairs, " Anderson says.
Today, he and his family have their
eyes on the future. " Right now, we're
in the process of drawing up rules
for employing family members, "
he says. " We want them to have a
good education, and we want them
to work someplace else for three or
four years to see what it's like to work
for somebody that's very objective.
We want them to observe the same
Above: Memories of John V. Anderson's life
in community banking and elsewhere. Right:
Anderson (center, standing), who is chairman
emeritus of F&M Bank; his three sons and one
daughter, all of whom work at the community
bank; and his wife, Jo Laverne (seated).
standards that everybody observes
when they come to work for us. "
In 2019, Anderson was inducted
into the Oklahoma Bankers Hall
of Fame. " I thought that was
something, " he says. " I've done that
through mentors and friendships, and
in these 75 years I've made a lot of
friends. I just did the best I could at
whatever job I had. " ƒ
Molly Bennett is executive editor
of Independent Banker.
John V. Anderson's deep belief in education
Having gone straight from high school to the Navy
and then into the workforce, John V. Anderson
never went to college.
His first employer in banking, Liberty National
Bank in Oklahoma City, Okla., offered banking
courses for free to its employees-as long as
learners passed. " Well, I took advantage of all those
courses that I could, " Anderson says.
Later, he went to the Graduate School of Banking
in Madison, Wis., and also relied on mentors. " Some
of them were guys who had made it through in
banking during the big Depression, " he says. " They
were really seasoned bankers, and I appreciated
what they did to help me along.
" I'm a real believer in getting all the education that
you can in a field that you think you're gonna enjoy. "
82 Q ICBA Independent Banker Q June 2022
November 2022

Independent Banker - November 2022

Table of Contents for the Digital Edition of Independent Banker - November 2022

Table of Contents
Independent Banker - November 2022 - Intro
Independent Banker - November 2022 - Cover1
Independent Banker - November 2022 - Cover2
Independent Banker - November 2022 - Table of Contents
Independent Banker - November 2022 - 2
Independent Banker - November 2022 - 3
Independent Banker - November 2022 - 4
Independent Banker - November 2022 - 5
Independent Banker - November 2022 - 6
Independent Banker - November 2022 - 7
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