Question 1

What is First Bank & Trust (Oklahoma)?

Accepted Answer

First Bank & Trust (Oklahoma) is a state-chartered community bank headquartered in Duncan, Oklahoma, with approximately $956 million in total assets. The bank specializes in serving both urban and rural communities across Southern and Northeastern Oklahoma, providing comprehensive banking services to individuals, small businesses, farmers, and ranchers.

With 14 offices throughout the region, First Bank & Trust operates as a locally-owned institution committed to personalized service and community involvement. The bank holds S-Corp status and exercises fiduciary powers, with a specialization in commercial lending.

Question 2

When was First Bank & Trust (Oklahoma) founded?

Accepted Answer

First Bank & Trust was originally founded in 1893 as The Duncan Bank, making it the first bank in Stephens County, Oklahoma. The bank operated under its original name for nearly a century before updating to First Bank & Trust Co. in 1988, at which time it had grown from its modest beginnings to approximately $50 million in assets.

The bank's founding predates Oklahoma statehood, establishing financial services during a critical period of territorial development and growth in what would become Stephens County.

Question 3

Where is First Bank & Trust (Oklahoma) headquartered?

Accepted Answer

First Bank & Trust (Oklahoma) is headquartered at 923 W Main Street in Duncan, Oklahoma, 73533. Duncan serves as the primary hub for the bank's operations and administrative functions.

The bank maintains a strong presence in Stephens County, where it was originally established over 130 years ago.

Question 4

Where does First Bank & Trust (Oklahoma) operate?

Accepted Answer

First Bank & Trust operates 14 offices across Southern and Northeastern Oklahoma. The bank serves multiple communities including Duncan, Norman, Edmond/OKC, Ardmore, Healdton, Waurika, Stroud, Perkins, Wellston, and Lindsay.

This geographic footprint reflects strategic growth through both organic expansion and acquisitions. In 2021, the bank completed a merger with Stroud National Bank, which added offices in Stroud, Wellston, and Perkins to expand the bank's presence into Northeastern Oklahoma.

The bank's service area spans the Duncan Metropolitan Statistical Area and extends into the Oklahoma City metropolitan region.

Question 5

What services does First Bank & Trust (Oklahoma) offer?

Accepted Answer

First Bank & Trust offers a comprehensive range of personal and business banking services tailored to meet the needs of its diverse customer base:

Personal Banking: Checking and savings accounts with competitive rates, personal loans, mortgages, auto loans, and consumer credit products.

Business Banking: Commercial lending, business checking and savings accounts, merchant services, and cash management solutions.

Agricultural Lending: Specialized loan products for farmers and ranchers, including financing for real estate, livestock, equipment, and operating expenses. The bank demonstrates deep expertise in understanding the cyclical nature of agricultural operations.

Trust and Fiduciary Services: The bank exercises trust powers, providing estate planning and wealth management services to individuals and families.

Digital Banking: User-friendly mobile banking app with mobile deposit capabilities, online banking platform, and online bill pay services. These digital tools enable customers to manage their finances 24/7 from anywhere.

Question 6

What makes First Bank & Trust (Oklahoma) unique?

Accepted Answer

First Bank & Trust distinguishes itself through several key characteristics:

Agricultural Expertise: The bank has developed significant expertise in agricultural lending, understanding the unique financial needs of farmers, ranchers, and agribusinesses. This specialization serves the substantial agricultural community throughout Southern Oklahoma.

Award-Winning Performance: The bank has earned recognition as one of American Banker's "Best Banks to Work For" for five consecutive years (2020-2024). Locally, it has won multiple Duncan Banner Reader's Choice Awards as "Best Bank," "Best Loan Service," and "Best Lender."

Community Banking Philosophy: First Bank & Trust emphasizes personal relationships over transactional banking. The bank's mission centers on exceeding expectations through service excellence and partnering with customers rather than simply processing transactions.

Strong Financial Performance: The bank maintains a Return on Assets (ROA) of 2.19% and Return on Equity (ROE) of 15.91%, both well above industry averages, demonstrating sound management and profitable operations.

Local Ownership and Community Involvement: As a locally-owned institution, the bank and its employees actively participate in local charities, organizations, churches, and schools across the communities they serve.

Question 7

What type of financial institution is First Bank & Trust (Oklahoma)?

Accepted Answer

First Bank & Trust (Oklahoma) is a state-chartered commercial bank regulated by the Federal Deposit Insurance Corporation (FDIC). The bank operates under Oklahoma state banking laws rather than a national charter.

As a commercial bank with a community banking focus, the institution serves the full spectrum of retail, business, and agricultural customers. The bank's commercial lending specialization positions it to serve the broader business community while maintaining the personalized service approach characteristic of community banks.

The bank is not a member of the Federal Reserve System but maintains FDIC insurance, providing deposit protection up to applicable limits. Its S-Corp tax status and locally-owned structure allow it to operate with flexibility while remaining deeply rooted in the communities it serves.

First Bank & Trust (Oklahoma)

in the United States 🇺🇸

Crypto-Friendliness

All done!

About First Bank & Trust (Oklahoma) in the United States