[4] On September 13 and 14, 1878, the Battle of Turkey Springs was fought approximately ten miles northeast of present-day Freedom.

[5][6] In the late 1800s, following the Cherokee Strip Land Run, farmers and ranchers began a small settlement in the area.

This 1893 land run, combined with the building of the Buffalo and Northwestern Railroad in 1919–20, incentivized many settlers to homestead 160-acre tracts in the area.

The community of Freedom-- so-named by the postal service-- was granted a post office in 1901, with Mrs. Adlah Annis serving as its first postmaster.

[5] The community of Freedom is known as the smallest certified city (as opposed to a town) in the state of Oklahoma.

[1] According to the United States Census Bureau, the town has a total area of 0.3 square miles (0.78 km2), all land.

In 1954, Nixon, James Powers' brother-in-law and long-time bank employee, became president and chief executive officer.

As majority stockholder, Jim Powers continued to serve as chairman of the bank’s board of directors until his death in 1988.