First State Bank & Trust

What First State Bank & Trust does

First State Bank & Trust Co., Inc. is a privately held, FDIC-insured community bank headquartered in Caruthersville, Missouri, operating seven branches across the Southeast Missouri Bootheel region under holding company First State Bancorp, Inc. Founded on March 29, 1934, the bank serves three primary customer segments — personal banking consumers, small and mid-sized businesses, and agricultural and commercial borrowers — through deposit products (checking, savings, money market, IRAs, CDs, HSAs), lending products (home, auto, personal, commercial, agricultural), credit cards (Business Cash Back Rewards and Traditional Secured), and supporting services such as safe deposit boxes and Visa gift cards. The bank's business model is traditional community banking, generating the majority of revenue from net interest income on the lending book, supplemented by service fees, transaction and interchange fees, merchant services fees, ATM fees through the Allpoint network, safe deposit box rentals, gift card issuance fees, and credit card interest and interchange.

The bank's technology stack is built primarily on Jack Henry & Associates infrastructure, including Banno for the 1View digital banking platform, with native iOS and Android mobile applications. Customer-facing digital capabilities include mobile check deposit, Zelle peer-to-peer payments, Apple Pay/Google Wallet/Samsung Pay tokenization, a Budget Tracker personal financial management tool, My Credit credit monitoring powered by VantageScore 3.0, and eStatements. Business customers access QuickBooks Direct Connect integration, Autobooks digital invoicing, Cash Management with ACH/wire transfers and Positive Pay fraud prevention, Tap2Local mobile acceptance, and merchant services processing. Distribution is hybrid, combining branch-led relationship banking with self-serve digital channels, supported by community-based local decision-making across the seven-branch footprint.

Growth has been driven by a multi-decade consolidation strategy within the Bootheel — including the 2004 merger of Farmers Bank of Portageville, the 2005 merger of Bank of Hayti, the 2017 acquisition of Montgomery Bank's Dexter branch, the 2018 acquisition of Mississippi County Savings and Loans, the 2023 opening of the Matthews branch, and the announced Senath State Bank combination — supported by a $15.5M capital raise in February 2021 and an Employee Stock Ownership Plan that aligns employee and shareholder incentives. Ownership is held by approximately 87 shareholders, including multi-generational founding families and the ESOP.

Name

First State Bank & Trust

Legal name

First State Bank and Trust Co., Inc.

Website

https://fsbtrust.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

11–50 employees

Short description

First State Bank & Trust is a privately held, FDIC-insured community bank operating seven branches across the Southeast Missouri Bootheel, serving personal, small business, and agricultural customers with deposit, lending, credit card, and digital banking products built on the Jack Henry 1View platform.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Student & Youth Banking (FSABAAAH)

Keywords

• Community banking services
• Agricultural lending
• Digital banking platform
• Small business banking
• Consumer lending products

Headquarters

HQ city

Caruthersville

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including home mortgages, auto loans, personal loans, commercial loans, and agricultural loans. Interest spread between lending rates and deposit rates constitutes primary revenue.
2. Service Fees: Monthly service fees on checking accounts (e.g., $15 monthly for Commercial Checking), transaction fees, and paper statement fees ($2 per paper statement for consumer accounts, $3 for business accounts).
3. ATM and Card Fees: Fees from ATM usage, debit card transactions, instant issue debit card replacement fees ($5+), and custom debit card fees ($10 for custom photos).
4. Safe Deposit Box Rental: Annual rental fees for safe deposit boxes ranging from $15 to $100 depending on box size, with 25% discount available for Club Rewards members.
5. Gift Card Issuance: Purchase fees up to $6.95 per Visa gift card, plus potential monthly inactivity fees ($2.95 after 12 months of inactivity) and replacement fees ($5).
6. Credit Card Revenue: Interest income from revolving credit card balances, annual fees ($25 for Traditional Secured Credit Card), and interchange fees on card transactions.
7. Merchant Services: Processing fees from merchant services enabling businesses to accept credit and debit card payments.
8. Business HSA Fees: $25 annual maintenance fee for Business Health Savings Accounts with $50 minimum balance requirement.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

First State Bank & Trust is a community bank providing personal and business deposit accounts, consumer and commercial lending, credit cards, and digital banking services through its 1View platform. The bank serves individuals, small-to-medium businesses, and agricultural operations across Southeast Missouri's Bootheel region through seven branch locations, online and mobile channels, and treasury/cash management tools. Revenue is generated primarily from net interest income on loans (mortgages, auto, personal, commercial, agricultural), deposit account service fees, card and ATM fees, merchant services, and ancillary banking services.

Product overview

First State Bank & Trust offers a unified digital banking platform (1View Digital Banking) with multiple integrated modules and services. The core platform provides comprehensive personal and business digital banking through online and mobile channels. Key modules include Mobile Check Deposit, Zelle P2P payments, Online Bill Pay, Budget Tracker, My Credit monitoring, Digital Wallet (Apple Pay/Google Wallet/Samsung Pay), and eStatements. Business services include Cash Management with ACH/wire transfers, Digital Invoicing via Autobooks, Positive Pay fraud protection, Tap2Local mobile payments, Merchant Services, and QuickBooks Direct Connect integration. The bank also offers deposit products (checking, savings, CDs, IRAs, HSAs), lending services (personal, home, auto, commercial, agricultural loans), credit cards (Business Cash Back Rewards and Traditional Secured), and supplementary services including Visa Gift Cards, Safe Deposit Boxes, and Custom Debit Cards. The bank operates 7 branch locations across Southeast Missouri and participates in the Allpoint ATM network.

Differentiator

Problem solved

Functional benefit

Brands

• 1View Digital Banking: The bank's digital banking platform offering online and mobile banking services including account management, bill pay, mobile check deposit, and credit monitoring.
• 1View

Products and services

• Personal Checking Accounts A suite of personal checking account options (Eco, Advantage, Legacy, Platinum, Veteran, Student, and Club Rewards) offered to individual consumers and families in Southeast Missouri for everyday banking, debit card access, and digital banking integration.
• Personal Savings, Money Market, CDs, IRAs, Christmas Club, and HSA Personal savings products including Statement Savings, Money Market accounts, Certificates of Deposit (CDs), Individual Retirement Accounts (IRAs), Christmas Club savings accounts, and Health Savings Accounts (HSAs) for individual customers seeking to grow funds, save for retirement, plan for medical expenses, or set aside holiday funds.
• Home Purchase Mortgages Home purchase mortgage lending for individuals and families in Southeast Missouri, with online mortgage application capability and local credit decisions for streamlined approval.
• Auto and Vehicle Loans Auto and vehicle loans for individual consumers to finance personal vehicle purchases through First State Bank & Trust.
• Personal Loans Unsecured personal loans for individual borrowers to finance personal needs, with decisions made locally at the bank's Southeast Missouri branches.
• 1View Digital Banking Platform Core digital banking platform providing online and mobile access to accounts with features including live chat support, card controls, real-time alerts, fund transfers, bill pay, mobile check deposit, eStatements, digital wallet integration, budget tracker, credit monitoring, and spending analytics for personal and business customers.
• Cash Back Rewards Credit Card Personal credit card with cash back rewards for individual consumers, featuring chip technology and contactless payment capability.
• Traditional Secured Credit Card Secured credit card designed for credit building with a $25 annual fee, same-day issuance upon approval, and contactless payment capability.
• Absolutely Free Business Checking Business checking account for small businesses with no minimum balance, no monthly fee, 500 free monthly transaction items, up to $10,000 in free monthly currency deposits, and same-day debit card issuance upon account opening.
• Business Interest Checking Interest-bearing business checking account for qualifying organizations with 500 free monthly transaction items, a $1,500 minimum balance to avoid the $6 monthly fee, up to $10,000 in free monthly currency deposits, and a competitive interest rate.
• Commercial Checking Business checking for complex banking needs featuring earnings credit allowances on deposit balances to offset activity fees, a $15 monthly fee, transaction items at 15 cents each, and currency/coin deposit fees.
• Business Cash Back Rewards Credit Card Business credit card offering 2% cash back on gas, travel, and restaurants, 1% back on other purchases, $250 bonus for first $2,000 spent, 0% APR for 6 months on purchases and transfers, no annual fee, and same-day issuance.
• Agricultural and Commercial Loans Agricultural loans for farm land, crops, and equipment, plus commercial loans for business expansion and working capital, delivered by specialized Commercial Loan Officers serving the Southeast Missouri agricultural region.
• Business HSA Health Savings Account for businesses with $50 minimum balance to open, $25 annual maintenance fee, free select checks, complimentary online bill payment, and a customizable Visa Debit Card.
• Cash Management Real-time online cash management service for businesses including transaction viewing, vendor payments, ACH and wire transfers, payroll deposits, line of credit access, and QuickBooks integration.
• Digital Invoicing (Autobooks) Digital invoicing solution for small business customers (powered by Autobooks) enabling professional electronic invoice creation, online payment acceptance, invoice tracking, estimates, and financial reporting with payments deposited directly into the business checking account.
• Positive Pay Check fraud prevention service for businesses that matches issued checks with those presented for payment, flagging any suspicious items for business verification before payment.
• Tap2Local Mobile Payments Mobile payment acceptance solution allowing businesses to accept debit and credit card payments directly from their phone using tap-to-pay technology.
• Merchant Services Credit and debit card payment processing services for businesses, including equipment setup and processing through point-of-sale terminals, tablets, or websites.
• Safe Deposit Boxes Secure storage containers in bank vault for valuables, documents, and heirlooms with annual rental fees ranging from $15 to $100 depending on box size, with a 25% discount available for Club Rewards members.
• Visa Gift Cards Prepaid Visa gift cards available as Instant Issue ($10-$1,000) or Large Orders ($10-$2,000) with an 8-year expiration (5 years of use), purchase fee up to $6.95, monthly inactivity fee of $2.95 after 12 months, and $5 replacement fee.
• Custom Debit Cards Personalized debit cards available with stock designs or custom photos, including school spirit cards for local communities, available with a $10 custom photo fee.

Quantifiable outcome

• Same-day debit card issuance at participating branches
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability5 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Jack Henry & AssociatescoreTechnology or Integration · 15 December 2025Jack Henry & Associates provides web hosting and design services for First State Bank & Trust's website. The bank's website built using Jack Henry's technology won a 2025 WebAward for modern, secure, and user-friendly digital experiences.
• AutobookscoreTechnology or IntegrationAutobooks provides digital invoicing and online payment acceptance solutions for FSBT's small business customers. Enables electronic invoicing, invoice tracking, and payment processing integrated with business checking accounts.
• Intuit QuickBookscoreTechnology or IntegrationQuickBooks Direct Connect integration allows FSBT business customers to integrate their online banking with QuickBooks for real-time transaction tracking, expense management, receipt organization, and automated reporting without manual data entry.
• AllpointcoreTechnology or IntegrationFSBT is a participant in the Allpoint ATM network, providing customers access to over 55,000 ATMs throughout the United States and globally for cash withdrawals without transaction fees at Allpoint locations.
• Insurance Companies (Joint Marketing)minorGTM or Marketing PartnerJoint marketing partners for financial products and services as disclosed in the privacy policy.

Scale indicators3 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Great Southern Bank: Missouri-headquartered community bank with a multi-state branch network across the Midwest and Southeast, including rural markets. Directly comparable as a regional commercial bank serving retail, small business, and agricultural customers.
• Hawthorn Bank: Missouri-based community bank with branches concentrated in central and western Missouri, offering personal, business, and agricultural banking. Closely comparable in scale, geographic focus, and product set.
• BTC Bank: Community bank headquartered in Bethany, Missouri with branches throughout northern Missouri and neighboring states. Comparable as a rural community bank serving personal, business, and agricultural customers.
• Bank of Missouri: Mid-Missouri-based community bank with branches across central and southern Missouri. Comparable in scale, customer mix, and product offering including ag lending.
• Equity Bank: Community bank headquartered in Andover, Kansas, with branches across Missouri, Kansas, Oklahoma, and Arkansas. Comparable as a regional community bank serving similar rural and small-metro markets.
• Old Missouri National Bank: Small community bank serving rural southern Missouri. Comparable in scale, geographic concentration, and product mix to First State Bank & Trust.
• OakStar Bank: Missouri-based community bank serving southwest Missouri including Springfield MSA. Comparable in scale, branch-based model, and customer base of consumers, small businesses, and ag borrowers.

Broad incumbents

• Commerce Bank: Large Missouri-headquartered regional bank with extensive Missouri and Midwest branch network. Comparable in geography and product offering, but significantly larger scale and broader geographic reach.

Regional players

• First Mid Bank & Trust: Mid-size community bank serving Illinois and Missouri with comparable personal, business, and ag banking products. Similar product set but operates in a different regional footprint.

Others

• Jack Henry & Associates: Core digital banking and technology platform provider used by FSBT for online, mobile, and website infrastructure. Indirectly comparable as the underlying platform powering FSBT's digital experience.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@fsbt1view

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First State Bank & Trust