The Community State Bank donates more than $20,000 to Eastern’s Agriculture Division following stocker cattle sale
WILBURTON, OK (Dec. 5, 2017) – Eastern Oklahoma State College recently received a donation of more than $20,000 from The Community State Bank as a result of the sale of stocker cattle in the college’s new ranch management degree program.
Eastern launched the ranch management degree in stocker operations in the fall of 2016. The unique program offers students hands-on training in the stocker cattle industry. It is the only program of its kind in Oklahoma and possibly the nation.
Agriculture Division Dean Eddie Woods said The Community State Bank purchased 210 stocker cattle earlier this year to be utilized by students in the program. Students were responsible for the day-to-day management of the herd, including feeding and maintaining health, on Eastern’s 4,000-acre farm.
The students cared for the herd for about five months and then the cattle were sold to a commercial feedlot. Woods said that after the bank recovered their initial investment, all proceeds of the sale were donated back to Eastern’s Agriculture Division. The total donation from The Community State Bank was $20,093.14. Woods said the funds will be used to improve infrastructure and purchase equipment for student and faculty use in the Agriculture Division and on Eastern’s farm.
The Community State Bank, originally Poteau State Bank, was created in 1970 and has locations in Poteau, Spiro, Wister and Talihina. The newest branch location opened in Wilburton in November. Chairman Bob Reed said The Community State Bank has a strong commitment for the communities they serve.
“This is an innovative program and we are very pleased to be a part of it,” Reed said. “This partnership is good for the students, college and community.”
Eastern President Dr. Stephen E. Smith said that although The Community State Bank is new to Wilburton, the bank and its employees are already making a significant impact on the community.
“Eastern is very fortunate to have a strong partner in The Community State Bank and the Bob Reed family,” Woods said. “We are extremely grateful for their generosity and support for both our agriculture students and the new ranch management degree program.”
Students in the ranch management program work closely with instructors and professional ranchers to learn how to operate a small business; maintain the financial, operational, production and employment records; and train and supervise personnel. Woods said the goal is to prepare students to for an affordable entry in to the ranching and cattle business. To learn more about the program, visit eosc.edu/stocker or call 918-465-1724.
The Community State Bank Chairman Bob Reed (second from right) presents a donation to Eastern Oklahoma State College President Dr. Stephen E. Smith following the sale of stocker cattle in the college’s new ranch management degree program. Also pictured are EOSC Agriculture Dean Eddie Woods (far left) and CSB Chief Credit Officer Jeff Jensen (far right).