Question 1

What is First Security Bank and Trust Company (Oklahoma City)?

Accepted Answer

First Security Bank and Trust Company (Oklahoma City) is a minority-owned commercial bank specializing in serving entrepreneurs, startups, and small businesses in the Oklahoma City metropolitan area. With approximately $245 million in assets and a single office location, the bank focuses on relationship banking and community economic empowerment.

As an FDIC Minority Depository Institution with more than 50% minority ownership, the bank emphasizes inclusive banking and financial literacy. The institution combines traditional banking services with specialized support for business founders and real estate investors.

Question 2

When was First Security Bank and Trust Company (Oklahoma City) founded?

Accepted Answer

First Security Bank and Trust Company was established on April 6, 1951. The bank has served the Oklahoma City community for over 70 years, adapting to changing economic conditions and community needs throughout its history.

Since its founding, the bank has maintained focus on underserved communities and minority-owned businesses. This mission became particularly evident during the COVID-19 pandemic in 2020-2021, when approximately 96% of the bank's Paycheck Protection Program loans supported minority-owned small businesses affected by economic lockdowns.

Question 3

Where is First Security Bank and Trust Company (Oklahoma City) headquartered?

Accepted Answer

The bank is headquartered at 1541 Northeast 23rd Street in Oklahoma City, Oklahoma. This location places the bank in northeast Oklahoma City, providing accessible services to the surrounding community.

The single-office structure allows concentrated service delivery and deep community engagement within the Oklahoma City metropolitan area.

Question 4

Where does First Security Bank and Trust Company (Oklahoma City) operate?

Accepted Answer

First Security Bank and Trust Company operates from its sole location in Oklahoma City, serving customers throughout the Oklahoma City metropolitan statistical area. While maintaining a single physical office, the bank serves customers across the broader Oklahoma County region.

The bank's focus on startup and entrepreneurial banking also extends its reach through specialized relationship lending, allowing service to qualifying customers beyond immediate geographic boundaries.

Question 5

What services does First Security Bank and Trust Company (Oklahoma City) offer?

Accepted Answer

The bank provides comprehensive personal and business banking services tailored to entrepreneurs and small business owners. Personal banking includes free checking accounts, savings accounts, certificates of deposit with competitive rates (including promotional CD specials), and VISA Platinum credit cards.

Business banking emphasizes startup and entrepreneurial services, including business checking and savings accounts, small business loans, and business credit cards. The bank specializes in real estate investment financing, supporting property investors and developers.

Commercial lending services include Paycheck Protection Program loan administration and various commercial loan products. Digital banking capabilities feature online banking, mobile banking, and electronic account management.

The bank offers complimentary financial consultations for both personal and business banking needs, emphasizing personalized guidance and financial literacy education.

Question 6

What makes First Security Bank and Trust Company (Oklahoma City) unique?

Accepted Answer

First Security Bank and Trust Company's status as a Minority Depository Institution with over 50% minority ownership distinguishes it within Oklahoma's banking landscape. The bank's explicit mission of economic empowerment and inclusive banking addresses historically underserved communities.

The institution's specialization in startup, entrepreneurial, and real estate investment banking provides targeted expertise beyond traditional community banking. During the COVID-19 pandemic, the bank's commitment became evident through directing 96% of PPP loans to minority-owned businesses.

The bank emphasizes financial education, offering resources including financial podcasts and audiobooks covering topics like money management and real estate investing. Free consultation services for business and personal banking demonstrate commitment to building long-term customer relationships rather than purely transactional banking.

Question 7

What type of financial institution is First Security Bank and Trust Company (Oklahoma City)?

Accepted Answer

First Security Bank and Trust Company (Oklahoma City) is a state-chartered commercial bank with specialized focus on commercial lending. Commercial banks provide comprehensive banking services including deposits, loans, and payment services to individuals and businesses.

As a Minority Depository Institution (MDI), the bank serves minority communities and is majority-owned by minority individuals. This designation reflects both ownership structure and community service mission. The bank operates as an S-corporation under state charter with FDIC insurance, combining community banking flexibility with regulatory oversight and deposit protection.

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