Fusion Bank, First State Bank & Trust Co.

What Fusion Bank, First State Bank & Trust Co. does

Fusion Bank (legal name: First State Bank & Trust Co.) is a privately held, family-owned community bank headquartered in Larned, Kansas, operating under a Kansas bank charter and FDIC insurance since its founding on June 30, 1896. The bank rebranded from First State Bank to Fusion Bank in February 2021 to reflect its modernization while preserving its 130-year Kansas heritage. It operates three branches across Kansas — Larned (headquarters), Overland Park (Kansas City metro regional center), and Pratt — and extends its reach through the UltraSF ATM network across the Midwest and 1st Wealth Management's farm management services covering 230,000+ acres across Kansas, Oklahoma, Colorado, Nebraska, and Texas.

The bank serves four primary customer segments: personal banking (checking, savings, CDs, mortgages, home equity, consumer loans), business banking (BusinessChoice/BusinessBasics/Community Checking, business money market, lines of credit, term loans, ACH origination, FirstDeposit remote deposit capture, Visa Business debit and credit cards), agriculture banking (farm real estate, production, commodity, livestock, and agri-business equipment financing), and trust & investments delivered through a partnership with 1st Wealth Management covering personal trusts, farm management, investment management, and retirement plan services. Its technology platform centers on Fusion Digital Banking — a unified online, tablet, and mobile experience — complemented by a native iOS/Android mobile app with mobile deposit, text banking, Express Phone Banking, mobile wallet integration (Apple Pay, Google Pay, Samsung Pay), and Falcon Fraud Protection for debit card transactions. The bank also operates a Visa Platinum credit card program issued by partner TCM Bank, N.A., along with OFX/QIF/QSX/CSV transaction export integrations to Quicken, QuickBooks, and Microsoft Money.

Fusion Bank's revenue model blends traditional bank net interest income with diversified fee streams: monthly account service charges (Preferred Checking $10, SmartChoice $7.50, Basic Checking $5.50, BusinessChoice $12), transaction and overdraft fees ($10 per overdraft sweep transfer), card interchange on Visa debit/credit, wire transfer and cashier's check fees, wealth management advisory fees on the $230,000+ acre farm management book, and interest income on personal/business/agricultural loans, mortgages, CDs, and money market accounts. Distribution is a hybrid community-led model combining branch-based relationship banking with digital self-service channels, targeting personal consumers, small-to-mid-sized businesses, and agricultural operators primarily across Kansas with overland farm management reach into four adjacent states.

Name

Fusion Bank, First State Bank & Trust Co.

Legal name

First State Bank & Trust Co.

Website

https://fusion.bank

Company type

Private

Founded year

1896

Operating status

Operating

Headcount range

11–50 employees

Short description

Fusion Bank is a 130-year-old privately held Kansas community bank offering personal, business, agriculture, and trust banking services through three branches (Larned, Overland Park, Pratt), a digital banking platform, mobile wallet integrations, and a sixth-largest-in-the-US farm management business covering 230,000+ acres.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

Keywords

• Community banking services
• Personal checking savings
• Agricultural lending
• Small business banking
• Trust and farm management

Headquarters

HQ city

Overland Park

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional bank revenue from lending activities including personal loans, mortgages, business loans, and agri-business loans. Interest earned on certificate of deposits, money market accounts, and savings accounts.
2. Account and Transaction Fees: Monthly service charges on checking and savings accounts (Preferred Checking $10, SmartChoice $7.50, Basic Checking $5.50, BusinessChecking $6-$12). Transaction fees for exceeding monthly limits.
3. Overdraft Fees: Overdraft privilege service charges when customers overdraw their accounts. Also offers overdraft protection sweep transfers at $10 per transfer.
4. Trust and Wealth Management Services: Partnership with 1st Wealth Management providing trust services, farm management, investment management, and retirement plan services. Farm management manages over 230,000 acres.
5. Card Interchange Revenue: Visa debit and credit card transaction interchange fees. SmartChoice accounts offer cash back rewards and rebate programs.
6. Wire Transfer and Cash Services: Wire transfer fees for same-day fund transfers between banks. Currency and coin services for business customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Fusion Bank is a Kansas-based community bank that provides personal and business deposit accounts, consumer and commercial loans (including specialized agri-business financing), mortgages, digital and mobile banking, card services, and trust and farm management services. It serves individual consumers, small and mid-sized businesses, and agricultural operations across Kansas through three physical branches and a unified digital banking platform, with wealth management delivered through a partnership with 1st Wealth Management.

Product overview

Fusion Bank operates as a regional community bank offering a unified digital banking platform (Fusion Digital Banking) with complementary personal and business banking products. The core platform includes online banking, mobile banking, bill payment, and mobile deposit services. Personal banking products encompass checking accounts (Preferred, SmartChoice, Basic), savings accounts (Money Market, Young Savers, CDs), and lending (mortgages, home equity, consumer loans). Business banking includes checking (BusinessChoice, BusinessBasics, Community, Business Money Market), business lending (lines of credit, term loans, agri-business loans), and cash management services (FirstDeposit remote deposit, ACH origination). Trust and investment services are provided through a partnership with 1st Wealth Management, covering personal trusts, farm management, investments, and retirement plans. The bank also offers card services (Visa debit and credit cards), fraud protection (Falcon Fraud Protection), and mobile wallet integrations with Apple Pay, Google Pay, and Samsung Pay.

Differentiator

Problem solved

Functional benefit

Products and services

• Fusion Digital Banking Unified online banking platform providing consistent experience across desktop, tablet, and mobile devices. Includes online account access, bill payment, mobile app, mobile deposit, mobile wallet support, and business cash management features with user rights controls and dual approval capabilities.
• Online Banking Web-based banking tool allowing customers to view account balances, transfer funds between Fusion Bank accounts, pay bills online, and download transaction history for personal financial software integration.
• Online Bill Payment Digital bill payment service integrated with Online Banking enabling customers to pay bills from a single site, set up recurring payments, receive email alerts, and manage multiple funding accounts.
• Fusion Mobile App Mobile banking application providing full desktop Online Banking functionality including mobile bill pay and Fusion Mobile Deposit. Available for iOS and Android devices.
• Mobile Deposit Remote check deposit service allowing customers to deposit checks using a tablet or smartphone camera by taking a picture of the check.
• Fusion Mobile Wallet Mobile wallet integration service supporting Apple Pay, Google Pay, and Samsung Pay. Allows uploading Fusion Debit Card for contactless in-store payments using tokenization for enhanced security.
• Fusion Text Banking SMS-based banking service enabling customers to retrieve account balances, view transaction history, and transfer funds via text messages using short codes.
• Express Phone Banking 24-hour automated telephone banking service providing touch-tone access to account balances, recent transactions, interest earned, check status tracking, and fund transfers.
• Visa Debit Card Debit card functioning like a check, automatically deducting purchases from the checking account. Accepted at millions of merchant locations worldwide with Visa Zero Liability fraud protection.
• Visa Platinum Credit Card Credit card offering hometown convenience with worldwide acceptance, reward points, 1% cash back on net purchases, chip card security, cell phone protection, and identity theft assistance. Issued by TCM Bank, N.A.
• Falcon Fraud Protection Fraud detection and prevention system deployed on all debit card accounts. Uses Falcon Fraud Scoring to assign risk-based scores to transactions and includes 24/7 monitoring with automatic customer contact for suspicious activity.
• Preferred Checking Interest-bearing personal checking account with $5,000 minimum balance requirement to waive monthly service charge. Includes Visa Debit Card, UltraSF ATM access, direct deposit, eStatements, and full digital banking suite.
• SmartChoice Checking Value-oriented personal checking account offering Everyday Rebate Rewards (up to $80/year), ID Theft Insurance ($2,500 coverage), Cash Back Rewards for online shopping, and high-security checks with identity fraud support services.
• Basic Checking Low-cost personal checking account with multiple waiver options including 10+ debit transactions, $500 minimum balance, or direct deposit. eStatements included with student rates available.
• Money Market Account (Personal) Tiered interest-bearing savings account requiring $100 minimum to open with $5,000 balance to waive $10 monthly charge. Earns higher rates as balance grows.
• Young Savers Account Savings account for children under 14 years old with $20 minimum to open and $0 monthly charge when $200 balance is maintained.
• Certificates of Deposit (Personal) Time deposit accounts with $2,500 minimum to open, various terms from 91 days to 5 years, competitive interest rates, and FDIC insurance to full legal limit.
• Mortgage Loans Home financing options including conventional loans, fixed and adjustable rate products, various loan terms, and refinancing options with pre-approval process.
• Home Equity Line of Credit Revolving credit line secured by home equity with competitive terms and potentially tax-deductible interest. Suitable for home remodeling or major expenses.
• Consumer Loans Personal installment loans for automobiles, home improvement, and other purposes with fixed rates, no prepayment penalties, and free electronic payment options.
• FirstDeposit (Remote Deposit) Business remote deposit capture service allowing businesses to scan and submit checks electronically from their office. Provides 24/7 access, expanded deposit window until 4:30 PM, reduced expenses, and software integration capabilities.
• BusinessChoice Checking High transaction business checking account with earnings credit to offset fees. Analyzes multiple account balances together with no charge on debit card transactions.
• BusinessBasics Checking Low transaction business checking account with 50 free transactions per month. $10,000 balance maintenance waives $8 monthly fee.
• Community Checking Checking account designed for community or informal organizations with 25 free transactions per month and $6 monthly charge waived at $500 balance.
• Business Money Market Interest-bearing business savings account with tiered rates and $10 monthly charge waived at $5,000 balance. Combines liquidity with earning potential.
• Business Certificates of Deposit Business time deposit accounts with $5,000 minimum, terms from 91 days to 5 years, competitive rates, and FDIC insurance.
• Business Lines of Credit Revolving credit facilities providing access to set funds for working capital needs including accounts receivable and inventory financing, ideal for seasonal fluctuations.
• Term Loans Fixed-term financing for equipment, real estate, fixed-asset growth, business expansion or acquisition. Helps maximize cash flow by matching loan terms to asset useful life.
• Agri-Business Loans Agricultural financing including farm real estate, production and commodity loans, livestock operations, agri-business equipment, agricultural support businesses, and value-added processing firms.
• ACH Origination Electronic payment processing service enabling direct deposits, bill payments, and business-to-business transactions through the Automated Clearing House network.
• Visa Business Debit Card Business debit card with Visa Purchase Security and Extended Protection Program for retail purchase protection. Includes no annual fee with business checking accounts.
• Visa Platinum Small Business Credit Card Business credit card with reward points, cash rewards, employee cards at no added cost, credit line sharing, consolidated statements, expense management, and fraud monitoring.
• Trust Services Personal trust services for families and individuals including trust agreement management, bill payment on behalf of beneficiaries, family asset protection, and executor services. Provided through partnership with 1st Wealth Management, Inc.
• Farm Management Agricultural land management services through affiliation with 1st Wealth Management, managing over 230,000 acres across Kansas, Oklahoma, Colorado, Nebraska, and Texas with 1,030 farm operators.
• Investment Services Comprehensive portfolio management with varying levels of client involvement, from full management to transaction-based brokerage services. No direct connection to specific investment groups ensures unbiased recommendations.
• Retirement Plan Services Employer-sponsored retirement plan services including discretionary trustee capabilities, in-house record keeping, employee education, and bundled services for business retirement planning.
• Wire Transfer Same-day fund transfer service between banks with Routing Number 101101992.
• Cashier's Checks Bank-backed check product providing security and confidence to payees for larger payment amounts.
• Safe Deposit Boxes Secure storage boxes available in varying sizes at Larned and Pratt locations for customer valuables and important documents.
• Overdraft Privilege Service Optional overdraft protection covering checks, ACH, ATM, debit card transactions, and online bill payments for personal checking accounts meeting eligibility criteria.
• Overdraft Protection Sweep Automatic transfer service linking savings account to checking for overdraft coverage. Transfers in $100 increments with $10 fee per transfer.

Quantifiable outcome

• 130+ years of continuous banking operations
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• 1st Wealth Management, Inc.coreStrategic or Co-development PartnerPartnership with 1st Wealth Management, Inc., a division of a long-time business partner, to provide comprehensive trust, farm management, investment management, and retirement plan services. Through this partnership, Fusion Bank offers farm management services managing over 230,000 acres, making it the sixth largest Farm Management group in the country and largest in Kansas.
• UltraSF ATM NetworkcoreTechnology or IntegrationPartnership with UltraSF ATM network providing hundreds of ATM locations across the Midwest. Fusion Bank customers benefit from free withdrawals and balance transfers at UltraSF ATMs.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Equity Bank: Multi-state community bank with branches across Kansas, Missouri, Arkansas, and Oklahoma, offering personal, business, and agri-banking. Comparable in community-bank positioning and regional scope; a key competitor in the Kansas City metro and rural Kansas markets Fusion Bank serves.
• Emprise Bank: Wichita-based Kansas community bank offering personal, business, and agri-banking with multiple branches across the state. Closest direct peer to Fusion Bank in size, market focus, and community-bank heritage, with comparable product breadth and digital capabilities.
• Central National Bank: Oklahoma-based community bank with branches across central and western Oklahoma and a strong agricultural lending franchise. Comparable in mid-size community banking, ag lending specialization, and rural market focus to Fusion Bank's core Kansas footprint.
• Live Oak Bancshares (Live Oak Bank): Wilmington, North Carolina-based community bank that has built a national niche in specialty lending (agriculture, healthcare, government contractors). Comparable in its focus on building a national footprint in a defined lending vertical from a community bank base, similar to Fusion Bank's farm management expansion.
• CoreFirst Bank & Trust: Topeka-based Kansas community bank with personal, commercial, and wealth management services and a comparable community-banking positioning. Direct competitor for personal and small-business relationships across eastern Kansas, including the Kansas City metro.

Broad incumbents

• Intrust Bank: Largest Kansas-headquartered community bank with a much broader branch network and full commercial/wealth platform across the state. Overlap with Fusion Bank in personal, business, and agri-banking in Wichita and other Kansas markets, but at meaningfully larger scale.

Regional players

• Citizens Bank of Kansas: Independently owned Kansas community bank serving the Kingman and Wichita markets with personal, business, and agricultural banking. Similar size and rural-Kansas focus to Fusion Bank; useful peer for benchmarking community-bank performance in the state.

Emerging players

• First Internet Bank: Indiana-based digital-first community bank operating without physical branches. Comparable in pursuing a hybrid digital + community banking model, though without a physical branch network or the local relationship-banking heritage that defines Fusion Bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Fusion Bank, First State Bank & Trust Co.