First Bank of Alabama

Community Bankingfbal.bank

First Bank of Alabama is a privately held community bank founded in 1848, headquartered in Talladega, Alabama, operating 18 branches with approximately $1.3 billion in total assets following its 2026 acquisition of FBDC Financial Corporation, serving personal and business banking customers across the state.

Company typePrivate
Founded1848
HeadquartersTalladega, United States
Headcount51–100
GTM typeB2B and B2C
OfferingServices

What First Bank of Alabama does

First Bank of Alabama is a privately held community bank founded in 1848 and headquartered in Talladega, Alabama, operating 18 full-service branches across the state following its March 2026 acquisition of FBDC Financial Corporation (parent of First Fidelity Bank) for $20.5 million. The combined entity holds approximately $1.3 billion in total assets and serves retail consumers and small-to-mid-sized businesses across East Central and northeast Alabama. Its product portfolio spans personal banking (multiple Kasasa- and KaChing-branded checking accounts, Kasasa Saver savings, Mastercard debit and credit cards, 30-year fixed mortgages, and the Quilo quick-installment consumer loan product) and business banking (checking, savings, Visa business credit cards, cash management, and commercial loans), supplemented by wealth management and financial planning delivered through a partnership with Stone Financial Group.

The bank operates a hybrid physical-and-digital distribution model: 18 branches provide in-person relationship banking, while online and mobile banking platforms, a self-service online account opening portal, a digital credit card application portal, and digital wallet card integration handle self-serve and mid-funnel customer journeys. In June 2026 the bank launched Enable's digital credit card origination platform ahead of schedule, modernizing consumer and business card issuance and replacing prior manual workflows. Mastercard and Visa serve as the card-network partners, and Stone Financial Group provides co-branded wealth services. There are no disclosed patents, APIs, SDKs, proprietary AI/ML capabilities, or technology partnerships beyond these named vendors.

Revenue is generated primarily through traditional community banking mechanics: net interest income on mortgages, personal loans, commercial loans, and consumer installment loans (Quilo); deposit and transaction fees on checking, debit, credit, and cash management products; interchange and processing revenue from Mastercard and Visa card issuance; and referral/partner economics from the Stone Financial Group wealth offering. Pricing is not publicly disclosed, and the bank has not announced any funding rounds, institutional investors, or IPO plans — it remains a privately held, owner-operated community bank under CEO Chad Jones, with acquired-company CEO Steve Eberhart joining the board post-merger.

First Bank of Alabama firmographics

Firmographics

Name: First Bank of Alabama
Legal name: First Bank of Alabama
Website: https://fbal.bank
Company type: Private
Founded year: 1848
Operating status: Operating
Headcount range: 51–100 employees
Short description: First Bank of Alabama is a privately held community bank founded in 1848, headquartered in Talladega, Alabama, operating 18 branches with approximately $1.3 billion in total assets following its 2026 acquisition of FBDC Financial Corporation, serving personal and business banking customers across the state.
Ownership category
akta.pro rank

First Bank of Alabama industry classification

Industry

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: Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

Community banking services
Personal checking accounts
Commercial lending
Mortgage financing
Digital banking

Where First Bank of Alabama is headquartered

Location

Headquarters

HQ city: Talladega
HQ country: United States
HQ region: North America

Offices2 records

Markets served

First Bank of Alabama business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

Interest Income: Traditional banking revenue from interest earned on loans including mortgages, personal loans, and business loans
Banking Fees and Service Charges: Fees from checking accounts, debit cards, credit cards, cash management services, and other banking services
Credit Card Operations: Revenue from credit card issuance and processing through Mastercard partnership

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

First Bank of Alabama product offering

Product offering

Core offering

First Bank of Alabama is a community bank that provides deposit accounts (checking and savings), debit and credit cards, personal and commercial loans, and 30-year fixed mortgages to consumers and small-to-mid-sized businesses across Alabama. Services are delivered through 18 full-service branch locations plus online and mobile banking channels, and include cash management tools for businesses and wealth management through Stone Financial Group.

Product overview

First Bank of Alabama is a community bank offering a comprehensive suite of personal and business banking products. The personal banking portfolio includes multiple checking account options (KaChing Checking, KaChing Checking with Interest, Kasasa Cash, Kasasa Cash Back, First Step Checking), savings accounts (Kasasa Saver), debit and credit cards, digital banking, quick installment loans (Quilo), and 30-year fixed mortgages. Business banking services encompass checking accounts, savings, business credit cards (Visa), cash management, and commercial loans. The bank also partners with Stone Financial Group for wealth management services. In March 2026, First Bank of Alabama completed its acquisition of First Fidelity Bank (parent company FBDC Financial Corporation) for $20.5 million, expanding to 18 locations across Alabama with approximately $1.3 billion in total assets.

Differentiator

Problem solved

Functional benefit

Brands

KaChing Checking: Personal checking account product offering mobile-friendly banking features
KaChing Checking with Interest
Kasasa Cash
Kasasa Cash Back
Kasasa Saver
First Step Checking
Stone Financial Group
Quilo

Products and services

KaChing Checking Personal checking account with mobile-friendly features designed for everyday banking needs of individual consumers.
KaChing Checking with Interest
Kasasa Cash
Kasasa Cash Back
First Step Checking
Kasasa Saver
Personal Debit Cards
Personal Credit Cards
Digital Banking
Quilo - Quick Installment Loan
30-Year Fixed 1st Mortgage
Business Checking
Business Savings & Investments
Business Credit Cards
Cash Management
Business Loans
Stone Financial Group Wealth Management

Companies that use First Bank of Alabama

Customer profile

Segments3 records

Ideal customer profiles3 records

First Bank of Alabama technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

First Bank of Alabama partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core, minor and flagship.

EnablecoreTechnology or Integration · 23 June 2026First Bank of Alabama partnered with Enable to launch a digital platform for consumer and business credit card originations. The implementation was delivered ahead of schedule, showcasing speed and operational readiness of Enable's unified origination platform. Both companies highlighted the strong collaboration between their teams as a key factor in the successful go-live.
Stone Financial GroupminorStrategic or Co-development PartnerFirst Bank of Alabama partners with Stone Financial Group to provide expert financial planning, retirement strategies, and wealth management services to customers through the Stone Financial Group offering.
FBDC Financial Corporation (First Fidelity Bank)flagshipOthersFirst Bank of Alabama completed acquisition of FBDC Financial Corporation, parent company of First Fidelity Bank, for $20.5 million in an all-stock-and-cash deal. The combined entity now operates 18 full-service locations across Alabama with approximately $1.3 billion in total assets, expanding First Bank of Alabama's footprint in east Alabama. FBDC's President and CEO Steve Eberhart joined the boards of First Bank of Alabama and serves as a consultant.
MastercardcoreTechnology or IntegrationFirst Bank of Alabama issues Mastercard debit and credit cards to customers, integrated with digital wallet capabilities for mobile and contactless payments.

Scale indicators3 records

Recent moves3 records

Expansion highlights5 records

First Bank of Alabama competitors and assessment

Company assessment

Direct peers

Atlantic Union Bankshares: Virginia-based regional community bank with similar traditional deposit and loan product mix. Comparable in operating model and product breadth, though in a different Southeastern geography.
United Community Banks: Georgia-headquartered community bank with branches throughout the Southeast. Comparable customer profile, traditional community-bank product suite, and similar growth-via-tuck-in-M&A strategy.
Pinnacle Financial Partners: Nashville-based community bank with Southeastern footprint including Alabama. Direct comparable in business model and product breadth, though meaningfully larger in scale and more urban-weighted.
ServisFirst Bancshares: Alabama-headquartered community bank with a comparable mix of business and personal banking across multiple Alabama metros. Closest direct peer in geography, scale (~$17B assets vs First Bank's $1.3B), and product suite.
Renasant Corporation: Community-oriented bank headquartered in Tupelo, MS with significant Alabama footprint. Comparable product set spanning consumer deposits, mortgages, and commercial lending, and similar community-bank operating model.
Cadence Bank: Birmingham, Alabama-based commercial bank serving consumers and businesses across the Southeast. Overlaps with First Bank of Alabama's full-service community banking model, though materially larger in scale.
Colony Bankcorp: Georgia-based community bank with consumer and commercial banking products. Comparable in scale, operating model, and Southeastern geographic focus to First Bank of Alabama.
Trustmark Corporation: Mississippi-based community bank with Alabama branch presence and similar business mix of consumer, mortgage, and commercial banking. Comparable regional operating profile and product offering.

Emerging players

SmartFinancial: Tennessee-based community bank with digital-forward product offerings including installment loans. Comparable product mix including quick personal lending, though operating in an adjacent Southeastern geography.

Broad incumbents

Regions Financial: Birmingham, Alabama-headquartered regional bank with deep Alabama franchise. Competes with First Bank of Alabama across consumer and SMB banking but operates at vastly larger scale with a much broader product portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

First Bank of Alabama financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Bank of Alabama leadership team

Management profile

Number of profiles

Profiles1 record

First Bank of Alabama funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

First Bank of Alabama M&A and investment

M&A and investment

M&A1 record

Investments

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

Frequently asked questions about First Bank of Alabama

What does First Bank of Alabama do?

Is First Bank of Alabama a public or private company?

First Bank of Alabama is a private company. It is classified as unknown and is currently operating.

When was First Bank of Alabama founded?

First Bank of Alabama was founded in 1848. It employs 51 to 100 people.

Where is First Bank of Alabama based?

First Bank of Alabama is headquartered in Talladega, United States, in the North America region.

How does First Bank of Alabama make money?

Three revenue lines are on record. Interest Income is the primary driver. The others are banking Fees and Service Charges and credit Card Operations.

Who are First Bank of Alabama's main competitors?

Direct peers on record are Atlantic Union Bankshares, United Community Banks, Pinnacle Financial Partners, ServisFirst Bancshares, Renasant Corporation, Cadence Bank, Colony Bankcorp and Trustmark Corporation. SmartFinancial is listed as an emerging player. Regions Financial is listed as a broad incumbent.

Does First Bank of Alabama have an API?

No public API is recorded for First Bank of Alabama.

What industry is First Bank of Alabama in?

First Bank of Alabama's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines). Its NAICS code is 52211 and its SIC code is 6022.