First National Bank and Trust Company

What First National Bank and Trust Company does

First National Bank and Trust Company (FNBT) is a privately held community bank headquartered in Clinton, Illinois, operating five branch locations across Illinois and Wisconsin (Clinton, Arcadia, Whitehall, and Independence). Founded in 1872 as DeWitt County National Bank and renamed in 1974, the bank offers a full suite of consumer, small business, agricultural, and wealth management products, including Rewards Checking accounts with 3.50% cash back on debit purchases, savings and money market products, CDs, IRAs and HSAs, personal, auto, mortgage, business, and agricultural loans, business credit cards, cash management, and investment advisory through the affiliated TS Prosperity Group. Distribution spans physical branches, drive-through banking, online and mobile banking, instant-issue debit cards, contactless cards with anti-skimmer protections, video ATM with face-to-face teller assistance, and a virtual support platform. All deposit accounts are FDIC-insured, and the bank is USA PATRIOT Act Section 326 compliant.

The bank operates under a community-first banking model, reinvesting 10% of net income locally, running the REV annual small business pitch competition (awarding cumulative funding over $50,000), supporting K-12 financial literacy through its nonprofit affiliate TS Institute, and partnering with the DeWitt County Development Council, State Farm, the local YMCA, Big Brothers Big Sisters, and Habitat for Humanity. Since being acquired by TS Banking Group — a $1.5 billion multi-charter bank holding company jointly formed by Treynor Bancshares and TS Contrarian Bancshares — in January 2017, FNBT has executed a full digital banking platform conversion, launched Kasasa rewards deposit products, and in October 2021 acquired State Bank of Arcadia to expand into Wisconsin, growing total assets from approximately $170 million to roughly $400 million across the combined franchise.

Revenue is generated primarily through net interest income on the loan portfolio (mortgage, auto, personal, business, agricultural), deposit fee income (ATM, overdraft, monthly maintenance), and recurring investment advisory fees from TS Prosperity Group. Pricing follows a monthly recurring fee/subscription model on checking and savings accounts, with annual billing on CDs and IRAs; Rewards Checking carries a tiered cash-back structure with qualification conditions. The go-to-market is community-led and direct-to-consumer, anchored by a 150+ year brand legacy, local decision-making authority, and ecosystem partnerships that drive small business and deposit acquisition in rural Illinois and Wisconsin markets.

Name

First National Bank and Trust Company

Legal name

First National Bank and Trust Company

Website

https://firstnbtc.com

Company type

Private

Founded year

1872

Operating status

Operating

Headcount range

11–50 employees

Short description

First National Bank and Trust Company is a privately held community bank founded in 1872, headquartered in Clinton, Illinois, with five branches across Illinois and Wisconsin serving consumer, small business, agricultural, nonprofit, and wealth management customers through traditional and digital banking channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

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

akta.pro secondary industry

Bank-Affiliated Retail Wealth Management (FSAAAAAB)

Keywords

• Community banking services
• Personal banking products
• Agricultural lending
• Small business banking
• Wealth management services

Headquarters

HQ city

Clinton

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Interest earned on loans including mortgage, auto, personal, business, and agricultural loans. Core revenue stream for the bank.
2. Deposit Interest: Interest paid to customers on checking, savings, money market, and CD accounts
3. Fee Income: Various banking fees including ATM fees, overdraft fees, monthly service fees, and other account-related charges
4. Investment Services: Investment management and advisory services through TS Prosperity Group including estate planning, retirement planning, and tax planning

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

First National Bank and Trust Company is a community bank that provides a full suite of personal and business banking products including checking accounts, savings products, certificates of deposit, IRAs, consumer loans, mortgage loans, agricultural loans, business loans, business credit cards, cash management services, and credit cards. The bank also delivers wealth management services such as investment management, estate planning, and retirement planning through its affiliated TS Prosperity Group, supported by in-branch, online, mobile, video ATM, and virtual support channels.

Product overview

First National Bank and Trust Company offers a comprehensive suite of traditional community banking products organized into personal banking (checking, savings, loans, credit cards), business banking (checking, loans, cash management), and wealth management services (investment management, estate planning, retirement planning). The bank operates on a multi-channel distribution model with physical branch locations across Illinois and Wisconsin, complemented by digital banking services including mobile banking, online account management, and virtual support. Key product lines include Rewards Checking with cash back or interest rewards, various savings options (money market, CDs, IRAs), mortgage and consumer lending, business credit facilities, and professional investment advisory services through affiliated TS Prosperity Group. The bank also conducts community programs including financial literacy initiatives through TS Institute and an annual small business pitch competition called REV.

Differentiator

Problem solved

Functional benefit

Products and services

• Rewards Checking A personal checking account that rewards account holders with 3.50% cash back on debit card purchases up to $8.75 per month, or competitive interest rates, for everyday banking activities such as using a debit card and receiving eStatements. Targeted at individual consumers who want to earn rewards from routine banking.
• Traditional Checking Standard personal checking account for everyday banking transactions with access to online and mobile banking services. Designed for individual consumers who need a basic checking account with standard fee structure.
• Health Savings Account (HSA) Tax-advantaged savings account for individuals with high-deductible health plans to pay for qualified medical expenses. Targeted at consumers seeking pre-tax healthcare savings.
• Savings Account Personal savings account to help customers save money and earn interest on deposits. Targeted at individual consumers building savings.
• Money Market Account Savings account with competitive interest rates offering limited check-writing privileges. Targeted at consumers seeking higher yields with some liquidity.
• Certificates of Deposit (CDs) Fixed-term deposit accounts offering guaranteed returns with various maturity terms. Targeted at consumers seeking predictable, locked-in yields.
• Individual Retirement Account (IRA) Tax-advantaged retirement savings accounts including Traditional and Roth IRA options. Targeted at individual consumers planning for retirement.
• Personal Loans Unsecured loans for personal expenses including debt consolidation, home improvements, and major purchases. Targeted at individual consumers needing flexible personal credit.
• Auto Loans Financing options for purchasing new or used vehicles with competitive rates. Targeted at individual consumers financing personal vehicle purchases.
• Mortgage Loans Home financing solutions including purchase mortgages, refinancing options, and construction loans with personal service from application to closing. Targeted at individual consumers financing home purchases and refinancing.
• Credit Cards Personal credit card products for everyday purchases with various rewards and benefits. Targeted at individual consumers seeking revolving consumer credit.
• Digital Banking / Mobile Banking Online and mobile banking platform enabling customers to check balances, transfer funds, pay bills, deposit checks, and access account information anytime, anywhere. Targeted at individuals and businesses needing self-serve digital access to banking services.
• Contactless Debit Cards New contactless (tap-to-pay) debit cards with faster transaction processing and built-in fraud protection against card skimmers. Targeted at personal and business debit cardholders seeking faster, more secure point-of-sale payments.
• Instant Issue Debit Cards Debit cards issued immediately at branch locations for new accounts or replacement cards. Targeted at personal and business customers needing same-day card issuance.
• Business Checking Checking accounts designed for business needs with tools to manage day-to-day operations. Targeted at small to medium businesses needing commercial banking services.
• Business Loans Commercial lending solutions for business expansion, equipment purchases, working capital, and other business financing needs. Targeted at small to medium businesses needing growth and operating capital.
• Agriculture Loans Specialized financing for farmers and agricultural operations including farm land, equipment, operating loans, and livestock. Targeted at farmers and agricultural businesses in Illinois and Wisconsin.
• Business Credit Cards Credit card products designed for business spending with expense management features. Targeted at small to medium businesses needing revolving commercial credit.
• Cash Management Services Business banking services to streamline administrative tasks and improve cash-flow including remote deposit capture, automated clearinghouse (ACH) payments, and account management tools. Targeted at small to medium businesses needing treasury and operational cash management.
• Investment Management Professional investment advisory services through TS Prosperity Group to help clients build and manage investment portfolios. Targeted at individuals, families, and businesses seeking professional investment management.
• Estate Planning Comprehensive estate planning services to help clients protect assets and plan for wealth transfer to future generations. Targeted at high-net-worth individuals and families.
• Retirement Planning Retirement planning services to help individuals prepare for and achieve financial security in retirement. Targeted at individuals and families planning for retirement.
• Virtual Support Virtual chat and video support platform enabling customers to connect face-to-face with client service specialists for online support and real-time assistance. Targeted at individuals and businesses needing real-time remote banking assistance.

Quantifiable outcome

• 10% of net income reinvested locally
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Habitat for Humanity of DeWitt CountyminorStrategic or Co-development Partner · 1 January 2019Donated $10,000 to help refurbish existing Habitat home for new owner. Supports affordable housing initiatives in the community.
• Big Brothers Big Sisters of Central IllinoisminorStrategic or Co-development Partner · 1 January 2018Partnership to support at-risk youth in Clinton area through mentoring programs and donations. BBBSCIL serves DeWitt County and several surrounding counties.
• DeWitt County Development CouncilcoreStrategic or Co-development PartnerStrategic partnership for REV small business pitch competition. DCDC actively engages with local businesses to market DeWitt County, encourage job growth, and provide resources for business expansion including revolving loan programs.
• TS InstitutecoreStrategic or Co-development PartnerNon-profit affiliate of First National Bank providing financial literacy curriculum to K-12 schools. Created in 2009, expanded to Illinois with Connie Unruh as Financial Literacy Coordinator. Programs include Junior Achievement, Money Smart Week, entrepreneur camps, and student banking programs.
• TS Prosperity GroupcoreStrategic or Co-development PartnerDivision of TS Banking Group providing Fiduciary Care, Investment Risk Management, and wealth management services including estate planning, retirement planning, and tax planning to FNBT customers.
• Clinton YMCAminorStrategic or Co-development PartnerPartnership for Strong Kids Campaign and entrepreneur camps. YMCA provides youth programs and FNBT supports through donations and program collaboration.
• State Bank of ArcadiacoreOthersAcquired in October 2021. State Bank of Arcadia operations merged into FNBT, adding four Wisconsin locations in Arcadia, Whitehall, and Independence.
• American Bankers AssociationminorStrategic or Co-development PartnerPartnership for Lights, Camera, Save! video contest engaging teens in financial literacy. FNBT hosts regional competition for Central & Southern Illinois.
• State Farm InsuranceminorStrategic or Co-development PartnerJoint partnership with DCDC for matching grant program supporting local businesses. State Farm matches funds up to $25,000.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• West Bancorporation: Iowa-based community bank holding company operating as West Bank, focused on commercial, ag, and consumer banking in the Midwest. Strong ag lending overlap with FNBT and a comparable community-banking franchise.
• Byline Bancorp: Chicago-based community bank holding company focused on small and mid-sized businesses, with commercial lending, treasury management, and deposit products. Comparable community-banking orientation and SMB-first culture, though serving a denser Chicago metro market.
• The Bank of Tioga: Third charter under TS Banking Group, a community bank in Tioga, North Dakota, sharing the same parent, digital platform, and community reinvestment model. Comparable in scale, product set, and customer mix (ag, energy, small business), making it a structural twin to FNBT.
• MidWestOne Financial Group: Iowa City, Iowa-based community bank holding company with commercial, ag, retail, and wealth management lines across the Midwest. Similar asset scale band and rural/small-metro operating model with comparable ag lending focus.
• Lakeland Financial: Indiana-based community bank (Lake City Bank) serving business, ag, and consumer customers with strong commercial banking and treasury management focus. Comparable relationship-driven community model and ag lending exposure.
• TS Bank: Sister bank under TS Banking Group, headquartered in Treynor, Iowa, offering the same community-banking model with personal, business, and ag lending. Operates with the same holding-company support, digital platform (TSBG virtual support), and 10% community reinvestment philosophy as FNBT, making it the closest one-to-one comparable.
• First Mid Bancshares: Mattoon, Illinois-based community bank holding company serving central Illinois with consumer, business, ag, and wealth management products. Closest publicly traded Illinois peer with overlapping ag banking expertise and a similar rural/small-metro footprint.
• Tompkins Financial: New York-based community bank holding company with consumer, business, and wealth management banking, recognized for community reinvestment and relationship banking. Similar full-service community bank DNA, though primarily Northeast geography.

Others

• Kasasa: Community-bank rewards and analytics platform whose Kasasa Cash, Cash Back, and Saver products are offered through FNBT's Rewards Checking. An ecosystem partner (rather than a competitor) that helps small community banks like FNBT deliver competitive retail deposit products.

Emerging players

• First Internet Bancorp: Indiana-based digital-first community bank competing for deposits and consumer lending with a low-cost online platform. Represents the emerging digital community bank model FNBT is benchmarking against via its online and mobile banking rollout.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/firstnbtc
• YouTubeyoutube.com/user/fnbclinton
• Facebookfacebook.com/firstnbtc
• LinkedInlinkedin.com/company/firstnbtc
• Instagraminstagram.com/firstnbtc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 National Bank and Trust Company