First Bankers Trust Company

Name

First Bankers Trust Company

Legal name

First Bankers Trust Company, N.A.

Website

https://firstbankers.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industries

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF), Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Community banking
• Retail deposits
• Mortgage lending
• Commercial lending
• Agricultural lending

Headquarters

HQ city

Quincy

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income (Lending): First Bankers Trust Company generates the majority of its revenue through interest income on loans, including mortgage lending (conventional, USDA Rural Development, HELOCs, Home Equity Advantage Loan), consumer lending (installment loans, auto loans, ReadyLine overdraft protection), commercial lending, agricultural loans, and specialty lending through Buck Land Funding (recreational hunting land) and MHC Funding (mobile home communities).
2. Core Banking (Deposits & Checking): Revenue is generated through deposit accounts (checking, savings, CDs, IRAs) with various fee structures including overdraft fees, debit card interchange, and account maintenance services.
3. Non-Interest Income: The bank generates non-interest income through Treasury Management Services, Analysis Services, wire transfers, safe deposit boxes, and potentially investment services through the First Investment Services affiliate.
4. Mortgage Origination Fees: Revenue from mortgage origination, refinancing fees, and related mortgage banking services through the bank's mortgage lending division and online mortgage web center.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

First Bankers Trust Company, N.A. is a community bank that provides full-service retail and commercial banking, including personal and business deposit accounts (checking, savings, CDs, IRAs), residential mortgage lending (conventional, USDA Rural Development, HELOC, refinancing), consumer installment and auto loans, commercial and agricultural lending, treasury management services, and digital banking through its online platform and mobile application. The bank operates specialized divisions including Buck Land Funding (recreational hunting land financing), MHC Funding (mobile home community financing), and ATTY Financial (a partnership-powered digital banking suite for attorneys), and offers investment services through its affiliate First Investment Services.

Product overview

First Bankers Trust Company, N.A. is a community-oriented bank offering a comprehensive suite of banking products and services through multiple channels. The core offering includes personal and business deposit accounts (checking, savings, CDs, IRAs), digital banking via web and mobile applications, and diverse lending products. The mortgage lending portfolio encompasses conventional mortgages, USDA Rural Development loans, HELOCs, and refinancing options. Consumer lending includes installment loans, auto loans, and ReadyLine credit. Specialized divisions include Buck Land Funding (recreational hunting land financing), MHC Funding (mobile home community financing), and ATTY Financial (attorney-focused digital banking in partnership). The bank also offers treasury management services for businesses, investment services through First Investment Services, and various add-on products including identity theft protection and surcharge-free ATM access. The product portfolio is delivered through branch locations, digital banking platforms, and specialized divisions targeting specific market segments.

Differentiator

Problem solved

Functional benefit

Brands

• Buck Land Funding: A division of First Bankers Trust Company, N.A. specializing in the financing of recreational hunting land.
• MHC Funding
• ATTY Financial, powered by First Bankers Trust, N.A.

Products and services

• Personal Checking Accounts A family of personal checking accounts including Simply Free Checking, Direct Interest Checking, 50 Plus Interest Checking, and Premier Interest Checking for retail consumers in West Central Illinois, with features such as debit cards, mobile wallet support, overdraft protection, direct deposit, and FBTC Card Control.
• Savings Accounts Personal savings account products designed for accumulating funds with competitive interest rates, low minimum balance requirements, and unlimited deposits for retail customers.
• Certificates of Deposit (CDs) Fixed-term deposit accounts offering guaranteed returns with competitive interest rates that often surpass national averages, with terms ranging from a few months to several years and a $500 minimum deposit.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts helping customers prepare for retirement with various contribution options and tax benefits.
• Digital Banking Online and mobile banking platform enabling customers to manage accounts, transfer funds, pay bills, deposit checks via mobile device, set alerts, and access account information 24/7.
• Mobile Banking App Mobile application providing on-the-go banking access with features including mobile deposit, real-time account monitoring, fund transfers, bill payments, mobile wallet, and secure messaging with banking advisors.
• Mortgage Lending Residential mortgage loan products including conventional mortgages, USDA Rural Development loans, home equity lines of credit, and home equity advantage loans to help customers purchase or refinance homes, delivered through branch-based mortgage lending officers and the online MortgageWebCenter.
• Home Equity Line of Credit (HELOC) Revolving line of credit secured by home equity, offering lower interest rates than unsecured credit and usable for home improvements, debt consolidation, or other major expenses.
• Consumer Installment Loans Personal installment loans for financing purchases such as cars, boats, vacations, or home improvements with fixed payment schedules for retail consumers.
• Auto Loans Vehicle financing products for purchasing new or used automobiles with competitive rates and flexible terms.
• Commercial Lending Business loan products including various types of financing to support commercial operations, equipment purchases, and business expansion, with flexible portfolio lending for borrowers with lower credit scores or higher debt-to-income ratios.
• Agricultural Loans Specialized financing products for agricultural operations including farm land, equipment, operating capital, and other farming-related needs across West Central Illinois.
• Refinancing Mortgage refinancing services allowing customers to replace existing home loans with new ones, potentially securing lower interest rates, changing loan terms, or accessing equity through cash-out refinancing.
• Treasury Management Services Business banking services including cash concentration, positive pay, and other tools to help businesses manage cash flow, protect against fraud, and optimize financial operations.
• Business Checking Accounts Business deposit accounts designed for business banking needs with features supporting daily operations, cash management, analysis services, and business finances.
• Buck Land Funding A division of First Bankers Trust Company, N.A. specializing in the financing of recreational hunting land for buyers of recreational land properties.
• MHC Funding A division of First Bankers Trust Company, N.A. specializing in the financing of mobile home community operators and park owners for development and acquisition, launched as a specialty commercial lending offering in August 2022.
• ATTY Financial (powered by First Bankers Trust, N.A.) Digital banking suite designed for solo practitioners and small law firms, offering trust account management, cash flow management, account aggregation, and client matter transaction tracking. Powered by First Bankers Trust Company, N.A., with sales, marketing, and customer relationship management handled by ATTY Financial.
• First Investment Services Investment services affiliate offering brokerage and investment products including mutual funds, stocks, bonds, and retirement planning tools to bank customers through firstinvestmentservices.com.
• Analysis Services Business banking analysis services helping business clients analyze and manage account activity and cash position.
• Safe Deposit Box Secure storage service offered at branch locations for customers' valuable documents and items.

Quantifiable outcome

• Largest bank in Adams County, Illinois
• +1 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• AlacriticoreTechnology or Integration · 10 June 2026First Bankers Trust Company partnered with Alacriti to modernize its loan payment operations by implementing the Orbipay Loan Payments cloud-based platform. The new system replaces manual workflows with automated processing, enabling self-service payments, real-time posting, configurable coding, and multi-loan management. The partnership aims to improve operational efficiency, customer experience, and scalability for future growth.
• Adams ExpertsminorGTM or Marketing Partner · 11 March 2026First Bankers Trust partnered with Adams Experts to educate small business owners about cybersecurity and cyber insurance coverage. The partnership involved an event scheduled for April 1, featuring discussions on cyber-attack methods, coverage gaps, and risk identification, with both in-person and virtual options. The initiative targets small business banking customers of First Bankers Trust.
• ATTY FinancialcoreStrategic or Co-development Partner · 23 December 2024First Bankers Trust partnered with ATTY Financial to launch a specialized digital banking suite for solo practitioners and small law firms. ATTY Financial (powered by First Bankers Trust, N.A.) provides a digital banking suite, trust account management, cash flow management, account aggregation, and client matter transaction tracking tailored for attorneys. ATTY Financial handles sales, marketing, and customer relationship management while all accounts are FDIC insured through First Bankers Trust. Travis Liebig, a Quincy, Illinois area native, serves as Founder and CEO of ATTY Financial.
• MastercardminorGTM or Marketing PartnerMastercard is listed as a joint marketing partner in First Bankers Trust's privacy policy disclosure under joint marketing arrangements. The bank offers Mastercard-branded debit and credit cards to its customers as part of this partnership.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Busey Bank: Champaign, Illinois-based community bank with similar deposit-gathering, small business, and mortgage lending operations across Illinois; one of the closest comparable community banking franchises in the state to First Bankers Trust.
• QCR Holdings: Multi-state community bank holding company based in Moline, Illinois serving smaller Illinois and Iowa markets; similar community banking model with retail, commercial, and mortgage banking.
• Commerce Bank: Midwest super-regional community/commercial bank with strong branch network in Missouri and Illinois; comparable retail/small business banking mix that overlaps the St. Charles MO loan production office geography.
• Mercantile Bank Corporation: Michigan-based community bank holding company with comparable mix of retail, commercial, and mortgage banking; similar size and operating model as a publicly traded community bank.
• First Mid-Illinois Bancshares: Illinois-based community bank holding company with retail, mortgage, and wealth management operations across central and southern Illinois; comparable community banking model and geographic focus.
• INB (Illinois National Bank): Springfield, Illinois community bank with overlapping retail, small business, and mortgage lending focus; directly competes with First Bankers Trust in its Springfield branch market.
• Heartland Bank: Community bank with agribusiness and small business lending focus across rural Midwest markets; closely aligned with First Bankers' agricultural and small business specialization.

Broad incumbents

• Old National Bank: Large Midwest regional bank with full retail, commercial, ag, and mortgage banking across Illinois, Indiana, and adjacent states; broader-scale incumbent that competes with community banks including First Bankers Trust.
• Great Western Bank: Multi-state community/regional bank headquartered in Sioux Falls, South Dakota where CEO Allen W. Shafer previously held senior executive roles; relevant for understanding First Bankers' future trajectory and overlapping customer segments.
• Midland States Bancorp: Illinois-based bank holding company with community banking, wealth management, and specialty finance (including agribusiness and commercial lending); broader product mix but materially overlapping Illinois geography with First Bankers' footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCF82vrc5AnW7VwzR-EfSW2w
• Facebookfacebook.com/firstbankers
• LinkedInlinkedin.com/company/firstbankers
• Instagraminstagram.com/firstbankers
• Pinterestpinterest.com/firstbankers

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

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 Bankers Trust Company