First National Bank of Fort Smith

What First National Bank of Fort Smith does

First National Bank of Fort Smith is a privately held national banking association founded in 1872, headquartered at 602 Garrison Avenue in Fort Smith, Arkansas, and operating as the principal subsidiary of First Bank Corporation. The bank operates 27 full-service locations across the River Valley, Northwest Arkansas, and Eastern Oklahoma, supported by 39 ATMs and a digital banking platform with iPhone and Android apps, mobile deposit, digital wallet support (Apple Pay, Samsung Pay, Google Pay), theVault account aggregation, and iPay QuickPay voice-activated bill payment through Amazon Alexa.

The bank serves individual consumers, small and mid-sized businesses, agricultural operations, homebuyers, and nonprofit organizations through personal checking and savings accounts, certificates of deposit, IRAs, personal and auto loans, home purchase, refinance, construction, and specialty mortgages (including physician and self-employed programs), commercial and agricultural term loans, lines of credit, SBA-backed financing, and equipment financing. Merchant services are delivered through a Clover POS partnership, while wealth management, trust and estate services, and insurance products are offered through an exclusive arrangement with Cetera Investment Services LLC. First Bank Corporation consolidates additional banking subsidiaries including First National Bank of NWA, National Bank of Sallisaw, Central National Bank of Poteau, and Citizens Bank and Trust Company.

Revenue is generated primarily through net interest income from diversified lending, deposit account and overdraft fees, credit card interchange and fees, cash management and merchant services fees, and managed-services revenue from investment advisory and trust administration. Distribution combines a relationship-led commercial banking team, a 27-branch retail network, a dedicated mortgage lending unit, and self-serve digital channels. Samuel T. Sicard serves as President and CEO, representing the fifth generation of the Sicard family to lead the institution, which has had only seven presidents in its 150+ year history.

Name

First National Bank of Fort Smith

Legal name

First National Bank of Fort Smith

Website

https://www.fnbfs.com/

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

251–500 employees

Short description

First National Bank of Fort Smith is a privately held, 150+ year old community bank serving consumers, businesses, agricultural operators, and nonprofits across Arkansas and Eastern Oklahoma through 27 branches, 39 ATMs, digital banking, mortgage lending, merchant services, and wealth management.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

akta.pro secondary industry

Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL)

Keywords

• Retail banking services
• Commercial lending
• Mortgage services
• Wealth management
• Community banking

Headquarters

HQ city

Fort Smith

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest income from personal and commercial loan portfolios including auto loans, home mortgages, business loans, agricultural loans, and construction financing. Traditional banking revenue from spread between loan interest rates and deposit rates.
2. Deposit Account Fees: Monthly service fees on checking and savings accounts when minimum balance requirements are not met. Paper statement fees, overdraft fees, and ATM fees at out-of-network locations.
3. Credit Card Fees: Annual fees, balance transfer fees, cash advance fees, and late payment fees from Founder's Access and Reserve credit cards. Transaction interchange income.
4. Cash Management and Merchant Services: Cash management services including ACH processing, wire transfers, and merchant services through Clover partnership. Payment processing fees from business customers.
5. Wealth Management and Trust Services: Fee-based revenue from investment advisory services, trust administration, estate planning, retirement plan services, and charitable planning through partnership with Cetera Investment Services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

First National Bank of Fort Smith is a community bank providing personal banking products (checking, savings, CDs, IRAs, credit cards, and personal/auto/RV loans), business banking services (commercial, agricultural, SBA loans, lines of credit, cash management, and merchant services via Clover), residential mortgages (purchase, refinance, construction, specialty programs), and wealth management (trust, estate planning, retirement, and investments via Cetera). It operates 27 branches and 39 ATMs across Arkansas and Oklahoma with a digital banking platform including mobile deposit, digital wallets, and Alexa-enabled bill pay.

Product overview

First National Bank of Fort Smith is a traditional regional bank offering a comprehensive suite of financial products and services across personal banking, business banking, home lending, and wealth management. The bank's personal banking includes multiple checking account tiers (Access, Ultimate, Max, Prestige Platinum), savings accounts (Regular, Money Market, First Savers, Christmas Club), certificates of deposit, IRAs, personal loans, auto loans, recreational vehicle loans, and credit cards (Founder's Access, Founder's Reserve). Home lending covers purchase mortgages, refinancing, construction loans, home equity products, and specialty loans for self-employed individuals and physicians. Business banking encompasses commercial loans, agricultural loans, SBA programs, cash management, merchant services via Clover POS, and CDARS/ICS deposit services. Wealth management includes trust services, estate planning, charitable giving, retirement planning, investment management, and insurance products through partner Cetera. Digital banking is provided through an online and mobile platform with theVault financial aggregation, bill payment, iPay QuickPay Alexa integration, digital wallets, and card management features.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts A suite of personal checking tiers including Access (no minimum, free with e-statements), Ultimate (rewards and protections), Max (interest-earning with activity requirements), and Prestige Platinum (for customers 50+ with travel benefits). Serves individuals and households across all life stages.
• Savings Accounts Savings options including Regular Savings (no minimum, no monthly fee), Money Market Savings ($1,000 minimum, tiered rates), First Savers youth account (up to age 18), and Christmas Club seasonal account maturing October 31. Designed for households building savings, youth financial education, and holiday planning.
• Health Savings Account (HSA) Tax-exempt HSA for individuals covered by high-deductible health plans; $25 opening deposit, $2 monthly fee (waived with $5,000 balance), debit card and check access, HSA funds can be invested up to yearly limits.
• Certificate of Deposit (CD) Term deposit with $5,000 minimum opening deposit and automatic renewal at competitive published rates for various term lengths. Serves personal and business customers seeking insured, fixed-return savings.
• Individual Retirement Accounts (IRAs) Tax-favored retirement savings options including Traditional IRA, Roth IRA, SEP, and SIMPLE IRAs. Available to individuals and small-business owners planning for retirement.
• Personal Loans Unsecured signature loans for medical expenses, debt consolidation, and large purchases. Available to qualified borrowers with good credit and financial stability.
• Auto Loans Vehicle financing for new and used automobiles. Serves personal and household vehicle purchase financing across the bank's footprint.
• Recreational Vehicle Loans Financing for campers, boats, trailers, motorcycles, and other recreational vehicles. Targeted at personal-use buyers seeking lifestyle/leisure vehicle financing.
• Home Purchase Loans Mortgage financing for primary residence purchases, second homes, and investment properties. Targeted at homebuyers across Arkansas and Oklahoma via a dedicated mortgage lending team.
• Home Refinance Loans Rate/term refinancing, cash-out refinancing, and debt consolidation mortgage options for existing homeowners seeking better terms or liquidity from home equity.
• Home Construction Loans Land/lot loans, home construction financing, and remodel loans for borrowers building new homes or renovating existing properties.
• Home Equity Loans Lines of credit, term loans, and bridge loans using home equity as collateral for homeowners needing liquidity, debt consolidation, or short-term financing.
• Specialty Mortgage Programs Tailored mortgage programs including Physician Home Loans and Self-Employment Home Loans offering flexible terms to address qualification challenges faced by medical professionals and small-business owners.
• Business Term Loans Long-term financing for business expansion, equipment, and other capital requirements. Targeted at small and mid-market businesses in the bank's footprint via a dedicated commercial lending team.
• Business Lines of Credit Revolving credit facilities for financing accounts receivable, inventory purchases, and other short-term business cash flow needs. Available to established businesses with the bank's commercial lending team.
• Equipment and Vehicle Financing Equipment and vehicle financing for businesses to support operational growth. Targeted at commercial customers acquiring productive assets.
• Commercial Real Estate Loans Comprehensive commercial property financing including land loans, construction loans, mini-perm loans, tenant finish-out, and development loans for commercial real estate investors and businesses.
• Agricultural Loans Farm and agricultural financing including cattle loans, poultry loans, farm land loans, farm equipment loans, row crop loans, and FSA-guaranteed loans. Targeted at farming and ranching operations in the bank's footprint.
• SBA Government Loans SBA-backed financing including 7(a), 504, and SBA Express loans for small business startups and expansion. Targeted at small businesses seeking government-guaranteed capital.
• Founder's Access Credit Card Personal credit card with 5.95% intro APR for 6 months, 18.99%-22.99% fixed APR after, no annual fee, and digital wallet compatibility. Targeted at individuals seeking a low-intro personal card from a community bank.
• Founder's Reserve Credit Card Rewards personal credit card earning 1% cash back with 3.95% intro APR for 6 months, 13.99%-21.99% fixed APR after, $75,000 minimum household income, and no annual fee. Targeted at higher-income consumers seeking cash-back rewards.
• Founder's Business Credit Card Business credit card with 14.99% fixed rate, $0 annual fee, customizable spending controls, annual summary, rewards, and downloadable monthly accounting reports. Targeted at small and mid-market business customers.
• Wealth Management Services Comprehensive wealth management including private wealth, investments, trust and estate management, charitable planning, and retirement plan services delivered through Cetera Investment Services. Serves high-net-worth individuals, families, business owners, and nonprofit organizations.
• Cash Management Services Online business banking solution providing ACH sending/receiving, remote deposit capture, fraud prevention tools, wire transfers, account permissions, and automated sweeps for business customers. Targeted at small and mid-market businesses needing treasury and liquidity management.
• Merchant Services Payment processing solutions including Clover POS terminals, Clover Virtual Terminal, and POS hardware for in-person and online card acceptance with inventory tracking and reporting. Targeted at small and mid-market merchants and business banking customers.
• CDARS and ICS Deposit Services FDIC insurance maximization services placing deposits across multiple banks (CDARS) or sweeping funds into insured products (ICS) to provide multi-million-dollar FDIC coverage for individuals, businesses, and municipalities with balances above $250,000.
• Digital Banking Platform Online and mobile banking platform providing 24/7 account access via web and iOS/Android apps, including balance checking, fund transfers, bill pay, mobile deposit, and card management. Serves personal and business customers as a self-service channel.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ClovercoreTechnology or IntegrationPartnership with Clover to offer comprehensive point-of-sale (POS) solutions to business banking customers. Provides payment processing hardware, virtual terminal, and online store capabilities to merchant services clients.
• Cetera Investment Services LLCcoreStrategic or Co-development PartnerExclusive partnership for investment and insurance products. Cetera provides brokerage services, investment advisory, insurance products including life insurance, annuities, and long-term care coverage. Securities and advisory services offered through Cetera Investment Services LLC and Cetera Investment Advisers LLC, members FINRA/SIPC.
• CDARS (Certificate of Deposit Account Registry Service)coreTechnology or IntegrationPartnership to provide FDIC insurance coverage for deposits exceeding $250,000 through the CDARS program. Allows customers to access multi-million dollar FDIC insurance by spreading deposits across multiple banks.
• First National Bank of NWA (division)coreChannel Partner/ Reseller/ DistributorDivision of First National Bank of Fort Smith serving Northwest Arkansas markets with 6 branch locations.
• National Bank of Sallisaw (division)coreChannel Partner/ Reseller/ DistributorDivision of First National Bank of Fort Smith serving Eastern Oklahoma markets.
• Central National Bank of Poteau (division)coreChannel Partner/ Reseller/ DistributorDivision of First National Bank serving Poteau and Eastern Oklahoma communities.
• Citizens Bank and Trust CompanyminorChannel Partner/ Reseller/ DistributorPartner bank with 7 locations in Crawford County, part of the First Bank Corp. Financial Family. Customers can access banking at Citizens Bank & Trust locations.
• Arkansas BlueCross BlueShield BenefitsminorOthersBenefits provider for employee health insurance. Publishes Machine-Readable Files on behalf of the bank for healthcare transparency requirements.

Scale indicators4 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Arvest Bank: Arkansas-headquartered community bank of comparable scale with multi-state presence across AR, OK, MO, and KS. Competes directly with FNBFS for retail deposits, mortgages, and small-business loans in overlapping markets.
• Simmons Bank: Pine Bluff, Arkansas-headquartered regional bank offering consumer, commercial, and wealth management services across AR, MO, KS, OK, TN, and TX. Closest direct peer by product mix and Arkansas/Oklahoma overlap.
• Bank OZK: Arkansas-based bank with strong commercial real estate and consumer lending franchise across the Sunbelt. Comparable in product breadth (deposits, mortgages, treasury) and Arkansas market presence.
• Cadence Bank: Houston-headquartered regional bank (formerly BancorpSouth) with deep presence in Texas, Mississippi, Alabama, Georgia, Florida, Tennessee, and Arkansas. Comparable community/commercial banking model with similar product suite.

Broad incumbents

• Home BancShares: Conway, Arkansas-based bank holding company (parent of Centennial Bank) operating across AR, FL, AL, NY, and TX. Larger diversified peer with overlapping Arkansas deposit franchise and similar community-bank DNA.
• First Horizon Corporation: Memphis-headquartered regional bank holding company operating across the Southeast. Larger but comparable in commercial, consumer, and wealth management offerings; useful comp for scaling beyond community-bank size.
• Regions Bank: Major Southeast and Midwest regional bank with commercial, consumer, mortgage, and wealth management lines. Overlaps FNBFS in commercial banking and competes for larger deposit and lending relationships in Arkansas.
• Truist Financial Corporation: Large national bank with significant Arkansas/Oklahoma presence via legacy BB&T and SunTrust franchises. Competes for commercial loans, mortgages, and wealth management, but at much larger scale and broader geographic footprint.
• BOK Financial: Tulsa-headquartered regional bank holding company operating across eight states including Oklahoma and Arkansas. Direct overlap in Eastern Oklahoma market where FNBFS operates through National Bank of Sallisaw and Central National Bank of Poteau.
• JPMorgan Chase: Largest U.S. bank with national commercial banking, credit card, and digital platform franchises. Sets competitive benchmarks for digital UX, card products, and deposit pricing that FNBFS must match to retain customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/fnbfs
• Facebookfacebook.com/fnbfs
• LinkedInlinkedin.com/company/fnbfs
• Instagraminstagram.com/firstnationalbankfs

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about First National Bank of Fort Smith