Question 1

What is First United Bank and Trust?

Accepted Answer

First United Bank and Trust is a regional banking institution headquartered in Durant, Oklahoma, specializing in personal and commercial banking, investment management, insurance, and mortgage products. With approximately $16.5 billion in total assets and 84 branch locations, the bank operates primarily throughout Oklahoma and Texas. It is the 7th largest bank in Oklahoma and serves both individual consumers and small-to-mid-sized businesses across its market footprint.

Question 2

When was First United Bank and Trust founded?

Accepted Answer

First United Bank and Trust was founded on October 2, 1900, as Durant National Bank in Bryan County, Choctaw Nation Territory (present-day Durant, Oklahoma). The bank was established to serve the financial needs of the growing community in what would become Oklahoma.

In 1915, Durant National Bank absorbed eight banks in the Oklahoma region, and in 1916, constructed a new building in Durant at 2nd and Main Streets. The institution underwent its first major name change in 1963, becoming Durant Bank & Trust, which made it one of the first banks in Oklahoma to have full trust powers. The bank adopted its current name, First United Bank and Trust Company, in 1998 as it continued to expand its operations and services.

Question 3

Where is First United Bank and Trust headquartered?

Accepted Answer

First United Bank and Trust is headquartered in Durant, Oklahoma, located in Bryan County. The main office address is 1400 West Main Street, Durant, Oklahoma 74701.

Question 4

Where does First United Bank and Trust operate?

Accepted Answer

First United Bank and Trust operates 84 branch locations across Oklahoma and Texas. In Oklahoma, the bank maintains 34 branches spanning 22 cities and towns, including Durant, Oklahoma City, Norman, Edmond, Shawnee, Ada, and Sapulpa.

In Texas, the bank has expanded its presence with 50 locations, primarily in the northern and eastern parts of the state. The bank's service area focuses on providing community banking services across both rural and urban markets in these two states.

Question 5

What services does First United Bank and Trust offer?

Accepted Answer

First United Bank and Trust offers a comprehensive suite of financial services for both personal and business customers. Personal banking services include checking and savings accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), health savings accounts (HSAs), consumer loans, auto loans, and residential mortgages.

Commercial banking services encompass business checking and savings accounts, SBA loans, commercial real estate financing, builder financing, cash management solutions, and treasury management services. The bank also provides investment management through brokerage services, insurance products, and trust services with full trust powers.

Digital banking services include the First United Bank mobile app (available on iOS and Android), online banking with bill pay, mobile check deposit, Zelle® for peer-to-peer payments, debit card management, and account alerts. The bank's digital platform features advanced tools such as savings goals tracking, interactive budgeting, transaction tagging, card swap for updating subscription payments, and the ability to view external accounts from other institutions on a single dashboard.

Question 6

What makes First United Bank and Trust unique?

Accepted Answer

First United Bank and Trust is distinguished by its long-standing family ownership under the Massey family, which has provided stability and continuity for over 50 years. John Massey joined Durant Bank & Trust in 1966 and became chairman and majority shareholder in 1986, with his son Greg Massey succeeding him as CEO in 2003 and currently serving as chairman and chief executive officer.

The bank has achieved significant growth through strategic acquisitions, including major mergers with American Bank of Texas in 2016, First American Bank in 2015, and Southwestern Bank in 2005. This aggressive yet strategic expansion strategy has transformed a small community bank into one of Oklahoma's largest banking institutions.

First United Bank and Trust combines the personalized service of a community bank with the sophisticated digital banking capabilities and product offerings typically associated with larger regional banks. The bank's commitment to both traditional relationship banking and modern financial technology has positioned it as a competitive force in the Oklahoma and Texas markets.

Question 7

What type of financial institution is First United Bank and Trust?

Accepted Answer

First United Bank and Trust is a State-Chartered Commercial Bank. As an FDIC-insured institution (Certificate #4239), it operates as a full-service commercial bank offering both retail and commercial banking services.

The bank functions as a community and regional bank, providing comprehensive financial services to individuals, families, and businesses throughout its Oklahoma and Texas markets. With its trust powers, mortgage lending capabilities, investment services, and insurance offerings, First United Bank and Trust operates as a diversified financial services institution while maintaining its core identity as a commercial banking organization.

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