FSNB

What FSNB does

FSNB, National Association is a privately held, family-owned community bank headquartered at Fort Sill, Oklahoma, founded in 1946 by J.R. "Dolph" Montgomery as Fort Sill National Bank to serve enlisted soldiers on the Fort Sill Army Post. The bank has remained under the Montgomery family's control for four generations, currently led by CEO Tiffany Davis Schaefer and President John Davis, and operates 75+ branches across nine states with approximately 650 employees and $472 million in assets as of 2024.

The bank's core offering is a full suite of consumer banking products — checking accounts (Advanced, E-Advanced, Basic, Career, 50+, Military Advanced), savings accounts (including a high-yield 7.00% APY Cents-able Savings product with automated round-up), certificates of deposit, and lending products spanning auto, personal, mortgage, and credit cards. Distribution combines physical branches co-located at U.S. military installations (Fort Sill, Sheppard AFB, Parris Island, and others) with in-Walmart branches under the "Bank Where You Shop" slogan, complemented by online account opening and a mobile banking app for iOS and Android. Digital features include mobile check deposit, bill pay, card control, early direct deposit (up to one day early), text banking, live chat, and digital wallet support (Apple Pay, Google Pay).

FSNB generates revenue through net interest income on its lending portfolio (auto, personal, mortgage, credit cards) and deposit-related fees (monthly service charges of $6.50–$12.50, $20 overdraft fees, wire fees, and other transactional charges), with 100% mortgage servicing retained in-house. Its primary customer segment is U.S. military personnel, veterans, and their families, with civilians served secondarily through the Walmart channel. The bank holds FDIC insurance, a National Association charter, Equal Housing Lender status, and memberships in the Association of Military Banks of America (AMBA), the Veterans Benefits Banking Program (VBBP), and the Military Spouses Employment Partnership — institutional ties that anchor it within the military-finance ecosystem and differentiate it from both large national banks and military-focused fintechs.

Name

FSNB

Legal name

FSNB, National Association

Website

https://fsnb.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FSNB is a family-owned community bank founded in 1946 serving U.S. military personnel, veterans, and civilians through 75+ branches at military installations and Walmart stores across nine states, offering checking, savings, lending, and digital banking products.

Ownership category

akta.pro rank

Headquarters

HQ city

Lawton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: FSNB generates revenue primarily through interest earned on loans including auto loans, personal loans, mortgage loans, and credit cards. The bank offers fixed-rate mortgages with 100% loan servicing retention.
2. Checking and Savings Account Fees: Monthly service charges on checking and savings accounts (e.g., $12.50/month for Advanced Checking, $6.50/quarter for Savings), overdraft fees ($20 per item), and various transaction fees
3. Deposit-Taking: Traditional bank deposit services accepting checking, savings, and CD deposits from consumer and commercial customers

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

FSNB operates as a community bank providing personal and small business banking products including multiple checking account variants, savings accounts, certificates of deposit, consumer loans (auto, personal, mortgage), and Visa debit and credit cards. The bank distributes these products through 75+ physical branches located at U.S. military installations and inside Walmart stores, alongside a digital channel offering online account opening, mobile banking, and bill pay. FSNB primarily serves military personnel, veterans, their families, and civilian customers across nine U.S. states.

Product overview

FSNB (formerly Fort Sill National Bank) is a community bank offering a comprehensive suite of banking products and services through both digital (online and mobile banking) and physical branch channels. The core product portfolio includes multiple checking account variants (E-Advanced, Military Advanced, Basic, Career, and 50+ Checking), savings accounts including the high-yield Cents-able Savings with automatic round-up feature, Certificates of Deposit, and a full range of lending products (Auto, Personal, and Mortgage Loans) plus Visa credit and debit cards. Digital banking services are delivered through online banking, mobile banking app, bill pay, mobile check deposit, E-statements, Card Control, Text Banking, and Direct Deposit with Early Pay. The bank also provides additional services including Overdraft Protection, Savings Round Up, Wire Transfers, Phone Banking, Live Chat, Sweep Transfers, Refer-A-Friend Program, and Elite Customer service. The bank primarily serves military personnel and civilians across nine states with over 75 branches.

Differentiator

Problem solved

Functional benefit

Products and services

• E-Advanced Checking

Quantifiable outcome

• 75+ branches across 9 states serving military and civilian customers
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• WalmartcoreChannel Partner/ Reseller/ Distributor · 1 January 2000FSNB partnered with Walmart and adopted the slogan 'Bank Where You Shop' as it opened branches within Walmart storefronts. The bank offers low-cost, low-barrier checking and savings accounts through this partnership, extending its reach to civilians in a convenient retail setting.
• Association of Military Banks of America (AMBA)minorOthersFSNB is a member of AMBA, a non-profit association of banks on military bases, banks not on military bases but serve military customers, and military banking facilities.
• Veterans Benefits Banking Program (VBBP)coreStrategic or Co-development PartnerFSNB is a member of the Veterans Benefits Banking Program, which provides veterans and their beneficiaries with additional options for receiving VA benefits via direct deposit and access to financial services at participating banks.
• Veterans Benefits AdministrationminorStrategic or Co-development PartnerFSNB partners with the Veterans Benefits Administration to provide banking services to veterans and their families through the Veterans Benefits Banking Program.
• Military Spouses Employment PartnershipminorOthersFSNB is a member of the Military Spouses Employment Partnership, supporting military spouse employment opportunities.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Armed Forces Bank: Armed Forces Bank is the closest direct competitor to FSNB: a federally chartered, military-focused community bank with branches on U.S. military installations offering checking, savings, lending, and digital banking to service members, veterans, and civilians — an almost identical customer and product set.
• Navy Federal Credit Union: Navy Federal is the dominant military credit union (over $100B in assets) serving active duty, retirees, veterans, and their families with checking, loans, and credit cards. It is FSNB's primary scale competitor for the same military personnel deposit and loan wallet.
• Pentagon Federal Credit Union (PenFed): PenFed is a large military-affiliated credit union providing checking, savings, mortgage, auto, and credit-card products to service members, veterans, and government employees. It overlaps directly with FSNB on retail deposits, consumer lending, and card products in the military segment.
• Service Credit Union: Service Credit Union is a New Hampshire–headquartered, military-affiliated credit union serving active duty, National Guard, reservists, and veterans with checking, savings, lending, and digital banking — a strong comparable on military-segment consumer banking.
• North Island Financial Credit Union: North Island (NIFCU) is a military-focused credit union serving Navy and Marine Corps communities in the San Diego area with consumer deposits, loans, and digital banking — directly comparable to FSNB's on-base branch model at Southern California installations like Parris Island.
• First Command Financial Services: First Command is a financial services firm specializing in military families, offering banking-adjacent deposit, lending, and advisory products. It targets the same military-segment customer through commissioned financial coaches, overlapping with FSNB on the long-term financial relationship thesis.
• Langley Federal Credit Union: Langley Federal Credit Union is a military community credit union headquartered in Hampton Roads, Virginia, providing checking, mortgages, auto loans, and cards to service members and families — overlapping with FSNB on serving the on-base military deposit and consumer-lending market.

Broad incumbents

• USAA Federal Savings Bank: USAA Bank is a large, established military-focused bank (part of the broader USAA insurance/wealth franchise) serving active duty, veterans, and families with deposits, loans, and cards — broader in scope and dramatically larger than FSNB, but targeting the same core customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FSNB_Bank
• Facebookfacebook.com/FSNB
• Instagraminstagram.com/fsnb_bank
• TikToktiktok.com/@fsnb
• LinkedInlinkedin.com/company/fort-sill-national-bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 FSNB