Forcht Bank

Name

Forcht Bank

Legal name

Forcht Bank, N.A.

Website

https://forchtbank.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Retail banking services
• Commercial banking
• Community banking
• Treasury management
• Mortgage lending

Headquarters

HQ city

Lexington

HQ country

United States

HQ region

North America

Offices21 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Traditional banking revenue from interest rate spreads on loans (mortgages, personal loans, business loans, credit cards) and deposits (checking, savings, money market, CDs). Core revenue driver for community bank.
2. Service Charges and Fees: Monthly maintenance fees on accounts (Foundation Checking $8, Elevated Checking $7, Elevated+ Checking $10, Safety Net Checking $5), overdraft fees, wire transfer fees, and other service charges.
3. Interchange Revenue: Revenue from debit and credit card transaction processing, including fees from Mastercard and Visa networks.
4. Merchant Services: Revenue from Clover POS systems and payment processing services for business customers through First Data partnership.
5. Mortgage Origination: Fees and interest income from mortgage lending including purchase mortgages, refinances, construction loans, and home equity products.
6. Treasury Management Services: Fees for business services including ACH origination, wire transfers, lockbox services, remote deposit capture, and Positive Pay fraud prevention.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels7 records

Core offering

Forcht Bank is a community bank providing personal and commercial banking services including checking accounts, savings accounts, mortgages, home equity loans, personal loans, credit cards, debit cards, business checking and savings, business loans, commercial real estate loans, treasury management, and merchant services through Clover POS. The bank serves retail consumers, small and medium businesses, and commercial clients across 14 markets in Kentucky and Ohio through 22+ physical banking centers, loan production offices, online and mobile banking platforms, and OnDemand video teller service.

Product overview

Forcht Bank is a community bank founded in 1985 offering a comprehensive suite of personal and business banking products and services across Kentucky and Ohio. The bank provides multiple checking account tiers (Foundation, Elevated, Elevated+, iStudent, Safety Net), savings accounts (Simple Savings, Performance Money Market, Forcht Reserve Money Market), and mortgage products (Fixed Rate, ARM, Jumbo, VA, FHA, USDA, Construction, Community Growth). Credit offerings include debit/credit cards with rewards programs and home equity products. Digital banking includes online, mobile, and telephone banking with fraud protection tools (Notifi Alerts, Fraud Stop). Business services encompass checking/savings, merchant services via Clover POS, treasury management, and commercial lending. The bank emphasizes digital innovation with integrations to QuickBooks, Zelle, Apple Pay, Samsung Pay, and Plaid, while maintaining traditional branch and ATM access through Allpoint and MoneyPass networks.

Differentiator

Problem solved

Functional benefit

Products and services

• Foundation Checking Basic personal checking account with essential banking features for $8/month, waived with $250 minimum daily balance. Includes eStatements and ATM/Debit Mastercard.
• Elevated Checking Premium personal checking account at $7/month with perks including Shop Local discounts, health savings, cell phone protection, roadside assistance, ID theft aid, buyer's protection, travel insurance, financial wellness, pet care, and 3% fuel cashback via BaZing partnership.
• Elevated+ Checking Interest-bearing premium personal checking account at $10/month, waived with $2,500 minimum daily balance or $25,000 aggregate balance. Includes 1 free box of checks per year, 10% off safety deposit boxes, free cashier checks/money orders/notary services.
• iStudent Checking No monthly service charge checking account for students ages 13-24 with eStatements. At age 25, converts to Foundation Checking.
• Safety Net Checking Checking account with no overdraft fees, no minimum balance requirement, and no dormancy fee at $5/month. BankOn Certified account designed for financial protection and accessibility.
• Simple Savings Basic personal savings account with $100 minimum to open, $100 minimum balance required, and $6 monthly service charge if balance falls below.
• Performance Money Market Tiered personal money market savings with $2,500 minimum to open, with interest rates of 0.05% APY up to $9,999.99, 0.10% APY for $10,000-$99,999.99, and 0.15% APY for $100,000+.
• Forcht Reserve Money Market Premium tiered personal money market with $50,000 minimum to open. Tiered rates: 0.15% APY up to $49,999.99, 1.00% APY for $50,000-$99,999.99, 1.25% APY for $100,000-$249,999.99, 1.50% APY for $250,000+.
• Fixed Rate Mortgage Traditional mortgage with fixed interest rate that remains constant over the loan's lifetime, providing predictable monthly payments for homebuyers.
• Adjustable Rate Mortgage (ARM) Mortgage with interest rate and monthly payments that change with the market index after an initial fixed period, for borrowers who may benefit from lower initial rates.
• Jumbo Mortgage Mortgage loan exceeding $726,200 with customizable terms for high-value property purchases.
• VA Mortgage Government-insured mortgage exclusive to qualifying veterans, active duty military, reserves, and widows/widowers of veterans.
• FHA Mortgage Government-insured loan backed by the Federal Housing Administration, typically requiring smaller down payment than traditional mortgages.
• USDA/Rural Housing Mortgage Rural housing mortgage for low-to-moderate income buyers in eligible rural areas with no down payment required.
• Construction Loan Financing for building or constructing a new home or building, tailored to meet special construction needs.
• Community Growth Loan Affordable home loan option designed to make homeownership more accessible for individuals and families.
• Home Equity Loan Fixed-amount loan based on home equity with fixed rate repayment over the loan term, using home as collateral.
• Home Equity Line of Credit (HELOC) Revolving line of credit using home as collateral with flexible borrowing and repayment options.
• Debit MasterCard Personal debit card with global MasterCard acceptance, security features, 90,000+ fee-free ATMs through Allpoint and MoneyPass partnerships, and mobile app card management.
• Simple VISA Credit Card Personal credit card with no annual fee, 0% APR for first 5 months, and variable APR 13.75% to 17.75% after intro period based on creditworthiness.
• Passport VISA Credit Card Rewards personal credit card with no annual fee, variable APR 18.75% to 24.75%, earning uChoose Rewards points for cashback, travel, gift cards, and travel/luggage insurance.
• Reserve Credit Card Premium personal credit card with $295 annual fee, variable APR 18.75% to 24.75%, earning cashback on qualifying purchases with premium fraud protection.
• Online Banking 24/7 digital banking platform for personal customers to manage finances, pay bills, transfer funds, access eStatements, and use budgeting tools from any device.
• Mobile Banking Personal smartphone and tablet app (iOS/Android) for managing finances on-the-go with check balances, bill pay, mobile check deposit, debit card management, and Zelle payments.
• Small Business Works Checking Business checking account with $100 minimum opening, no monthly service charge, up to 75 free monthly transactions, and free first order of 150 standard business checks.
• Community Interest Checking Interest-bearing checking account designed for civic, church, and non-profit organizations with up to 250 free monthly transactions and no monthly service fee for qualifying organizations.
• Business Money Market Savings Business savings account with $10,000 minimum opening, earning higher interest rates on larger balances, with up to 6 withdrawals per month.
• Platinum Business Money Market Savings Premium business savings with $100,000 minimum opening and highest yielding interest rates for established businesses.
• Business Online & Mobile Banking 24/7 digital banking platform for businesses with cash flow management, account access, mobile check deposits, wire/ACH approvals, and QuickBooks integration.
• Clover POS Merchant Services Point-of-sale systems including Clover Go, Flex, Mini, and Station for payment processing, inventory management, employee scheduling, and business analytics, delivered through First Data partnership.
• Treasury Management Cash management services for businesses including Remote Deposit Capture, Lockbox Service, Positive Pay fraud prevention, Night Deposit, Sweep Accounts, ACH Origination, and Wire Transfers.
• Business Term Loans Tailored business loans matching capital requirements for expansion, equipment purchases, or business acquisitions.
• Business Lines of Credit Flexible revolving credit access up to preset amounts with variable interest rates and multiple repayment options for businesses.
• Commercial Real Estate Loans Financing for business property purchase, refinance, or improvement for developers, real estate investors, and other commercial borrowers.
• Construction Loans Business construction financing for office or facility expansion from groundbreaking through grand opening.
• Business Power VISA Card Business credit card with uChoose Rewards, travel insurance, lost luggage protection, and admin management tools for employee card controls.
• Business Debit MasterCard Business debit card with fraud protection, employee card issuance with preset spending limits, and extensive business and travel services.
• 5 Month CD Certificate of deposit with $1,000 minimum deposit, 3.49% interest rate, and 3.55% APY. Penalty for early withdrawal after 10-day grace period.
• Personal Loans Personal loan products for individual borrowers to meet consumer financing needs.
• Investments Investment services offered to personal banking customers.

Quantifiable outcome

• Over 90,000 fee-free ATMs through MoneyPass and Allpoint partnerships
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

Partnerships

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

• First Data (Clover)coreTechnology or IntegrationForcht Bank partners with First Data to deliver Clover all-in-one point-of-sale systems including Clover Go, Flex, Mini, and Station. This partnership enables merchants to accept credit card payments, manage inventory, and run their businesses more efficiently.
• QuickBooks (Intuit)coreTechnology or IntegrationIntegration allowing Forcht Bank business customers to link their business checking accounts to QuickBooks Online for expense tracking, payroll management, year-round bookkeeping, and financial data sharing.
• MoneyPassminorOthersATM network partnership providing customers access to over 35,000 fee-free ATMs nationwide.
• AllpointminorOthersATM network partnership providing access to over 55,000 fee-free ATMs at convenience stores, gas stations, and other retail locations nationwide.
• BaZingminorGTM or Marketing PartnerFuel discount and local merchant savings program integrated with checking accounts. Earn 3% cashback on fuel purchases and access local shop local discounts.
• University of Kentucky Men's Basketball (Trent Noah)flagshipGTM or Marketing PartnerBrand partnership with UK basketball player Trent Noah includes commercial filming at bank locations, community Meet & Greet events, and 'Happier Banking' marketing campaign targeting Kentucky communities.
• University of Kentucky Men's Basketball (Reed Sheppard)flagshipGTM or Marketing PartnerBrand partnership with UK basketball player Reed Sheppard, bringing together two Kentucky families known for strong work ethic and community giving.
• MastercardcoreTechnology or IntegrationDebit and credit cards powered by Mastercard network with fraud protection, zero liability, and global acceptance.
• VisacoreTechnology or IntegrationCredit cards and Visa Purchase Alerts powered by Visa network with fraud protection and real-time transaction notifications.
• ZellecoreTechnology or IntegrationPeer-to-peer payment integration allowing customers to send and receive money directly between bank accounts using email or phone number.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Republic Bank & Trust: Louisville-headquartered community bank with retail, business, and mortgage banking across Kentucky and surrounding states. Comparable in scale, community banking philosophy, multi-product offering, and Kentucky deposit footprint.
• Park National Bank: Newark, Ohio-based community bank holding company operating across Ohio and adjacent states. Comparable community banking model, commercial lending focus, and overlapping Ohio market presence in Cincinnati-adjacent areas.
• Stock Yards Bank & Trust: Louisville-based community bank providing commercial, retail, and wealth management services across Kentucky, Indiana, and Ohio. Directly comparable for commercial banking, private banking, and community-focused delivery.
• Community Trust Bancorp: Pikeville, Kentucky-based bank holding company operating Community Trust Bank across Eastern, Central, and Northern Kentucky plus West Virginia, Tennessee, and Ohio. Comparable community bank competing in similar small-metro and rural Kentucky markets.
• WesBanco: Wheeling, West Virginia-based community bank holding company operating across West Virginia, Ohio, Pennsylvania, Kentucky, Indiana, and Maryland. Comparable community banking model with overlapping Ohio and Kentucky footprint.
• Central Bank (Central Bancshares): Lexington, Kentucky-based community bank serving retail and commercial customers across Central and Eastern Kentucky. Highly comparable given overlapping Kentucky deposit-gathering footprint, similar community banking model, and competing for the same SMB and consumer customers.
• First Financial Bancorp: Cincinnati-based bank holding company with retail and commercial banking across Ohio, Indiana, and Kentucky. Comparable in Ohio/Kentucky deposit markets and commercial banking franchise, though larger in scale.

Broad incumbents

• PNC Financial Services: Pittsburgh-based super-regional bank with significant Kentucky/Ohio retail and commercial banking presence. Competes for the same customers in Cincinnati, Northern Kentucky, and Louisville markets with broader product suite and digital capabilities.
• Truist Financial: Charlotte-based super-regional bank with established Kentucky footprint including Louisville. Competes directly with Forcht Bank for SMB and consumer relationships in shared Kentucky metro markets.
• Fifth Third Bank: Cincinnati-headquartered super-regional bank with deep Kentucky and Ohio presence. Directly competes with Forcht Bank for retail and commercial deposits in overlapping Cincinnati/Northern Kentucky markets but operates at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubevimeo.com/user48292760
• Facebookfacebook.com/forchtbank
• LinkedInlinkedin.com/company/forcht-bank
• Instagraminstagram.com/forchtbank
• Xx.com/forchtbank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Forcht Bank