First American Bank and Trust
First American Bank and Trust is a privately held, Louisiana-chartered community bank founded in 1910, operating 25 branches across 11 parishes in Southeast Louisiana with $1B+ in assets, serving retail and small-to-mid-size business customers with deposit, lending, merchant, and investment products.
- Company typePrivate
- Founded1910
- HeadquartersVacherie, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What First American Bank and Trust does
First American Bank and Trust is a privately held, Louisiana state-chartered community bank headquartered in Vacherie, Louisiana. Originally chartered on December 3, 1910 as Bank of Vacherie by eight local citizens and renamed First American Bank and Trust in 1978 as the service area expanded, the institution operates 25 branch locations across 11 parishes in Southeast Louisiana and holds assets in excess of $1 billion. The bank serves personal banking customers and small-to-mid-size businesses with concentrations in agriculture, construction, retail, and services, employing over 200 people and emphasizing local decision-making as a differentiator against large national banks.
The product portfolio covers personal and business deposit accounts (checking, savings, money market, CDs), lending products (personal loans, residential mortgages, HELOCs, commercial/agricultural/construction loans), and payment products (MasterCard credit and debit cards). Digital infrastructure consists of the Jack Henry Banno Digital Platform and Tap2Local payment acceptance (a recently announced modernization from in-house technology to a hosted model), the Apiture/FundsXpress online banking platform, iOS/Android mobile banking with mobile check deposit, Apple Pay/Samsung Pay/Google Pay support, 24/7 FirstLine telephone banking, and Clover POS systems (Go, Flex, Mini, Station Solo, Station Duo) resold to local merchants. Investment services are delivered through a partnership with LPL Financial LLC, and merchant processing is supplied by First Data Merchant Services LLC.
The business model is that of a traditional community bank: the majority of revenue is net interest income earned on the loan portfolio funded by deposits, supplemented by fee income from deposit account service charges (tiered monthly fees on business checking of $6–$15 based on minimum-balance thresholds), ATM and debit card interchange, merchant services through Clover, and investment-services referral arrangements with LPL Financial. Distribution is primarily direct via the 25-branch physical network and local lender relationships, with secondary self-service channels through online, mobile, and telephone banking. The bank is FDIC insured up to $250,000 per depositor, holds WCAG 2.0 Level AA and Section 508 accessibility compliance, and has no venture capital, private equity, or institutional parent ownership.
First American Bank and Trust firmographics
Firmographics- Name
- First American Bank and Trust
- Legal name
- First American Bank and Trust
- Website
- https://fabt.com
- Company type
- Private
- Founded year
- 1910
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- First American Bank and Trust is a privately held, Louisiana-chartered community bank founded in 1910, operating 25 branches across 11 parishes in Southeast Louisiana with $1B+ in assets, serving retail and small-to-mid-size business customers with deposit, lending, merchant, and investment products.
- Ownership category
- akta.pro rank
First American Bank and Trust industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where First American Bank and Trust is headquartered
LocationHeadquarters
- HQ city
- Vacherie
- HQ country
- United States
- HQ region
- North America
Offices25 records
Markets served
First American Bank and Trust business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Primary revenue from interest earned on loan portfolio including personal loans, mortgage loans, HELOC, and commercial loans. Assets in excess of $1 billion generate interest income.
- Deposit Account Fees: Monthly service charges on business checking accounts based on tiered minimum balance structure ($6-$15 monthly). Fee for withdrawals exceeding six per statement cycle on business savings accounts.
- ATM and Debit Card Fees: ATM surcharge fees of $1.50 for using non-First American ATMs plus any surcharge from ATM owner. Lost/stolen card replacement fees.
- Merchant Services: Revenue from Clover POS systems and merchant payment processing services for business customers
- Investment Services: Partnership with LPL Financial LLC for investment products including stocks, bonds, mutual funds, and annuities
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Business Checking Tiered Pricing |
| Subscription | Monthly | Business Savings Account |
| Subscription | Monthly | Money Market Business Account |
| Subscription | Monthly | Money Market Star Business Account |
| Unit Pricing | Pay-as-you-go | Business CDs |
| Transaction based/ take rate | Pay-as-you-go | ATM Usage Fees |
| Other | Pay-as-you-go | Debit Card Limits |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
First American Bank and Trust product offering
Product offeringCore offering
First American Bank and Trust is a community bank that provides traditional personal and business banking products and services through 25 branches across 11 parishes in Southeast Louisiana. Its core offerings include deposit accounts (personal and business checking, savings, money market, and certificates of deposit), lending products (personal installment loans, residential mortgages, HELOCs, and commercial loans including agricultural and construction), payment cards (Mastercard/Visa credit cards and Mastercard debit cards), digital banking (online and mobile apps), merchant services via Clover POS, and investment services offered through an LPL Financial partnership.
Product overview
First American Bank and Trust is a community bank offering a comprehensive suite of traditional banking products and services. The portfolio consists of personal and business deposit accounts (checking, savings, CDs, money market accounts), credit products (personal loans, mortgages, HELOCs, commercial loans, credit cards, debit cards), digital banking services (online banking, mobile banking, mobile check deposit, mobile wallets), and business banking solutions (ACH origination, remote deposit capture, merchant services via Clover POS). The bank operates 25 branches across 11 parishes in Southeast Louisiana and recently announced a core banking modernization initiative with Jack Henry's Banno Digital Platform. Investment services are provided through a partnership with LPL Financial LLC.
Differentiator
Problem solved
Functional benefit
Brands
- BRELLA: Debit card protection service offered by First American Bank
Products and services
- Personal Checking Account Basic personal checking account with free mobile banking, free online banking, unlimited teller visits, and unlimited check writing, available to individual consumers.
- Personal Savings Account Interest-bearing personal savings account available to individual consumers.
- Credit Cards (Mastercard/Visa with ScoreCard Rewards) Mastercard and Visa consumer credit cards that earn points through the ScoreCard Rewards program.
- Personal Mastercard Debit Card Mastercard debit card accepted at ATMs and merchants worldwide, with Zero Liability Protection for signature-based purchases, and compatible with Apple Pay, Samsung Pay, and Google Pay mobile wallets.
- Personal Certificates of Deposit (CDs) Time deposits with terms ranging from 1 month to 5 years, FDIC insured up to $250,000 per depositor.
- Personal Loans Installment loans for automobiles, home improvement, vacations, boats, debt consolidation, personal lines of credit, and recreational merchandise, made by local lenders.
- Residential Mortgage Loans Home purchase and refinance loans including fixed rate mortgages, construction loans, home equity loans, and lot loans for individual consumers.
- Home Equity Line of Credit (HELOC) Revolving credit line using home equity as collateral, usable for home remodeling, vacations, bill consolidation, college tuition, and automobile purchases.
- Business Checking Account Business checking account with tiered fee structure based on minimum collected balance ($0 at $1,500+, up to $15/month under $750), unlimited check writing, and overdraft protection options.
- Business Savings Account Savings account for small businesses with no monthly service charge on balances over $200 and daily interest compounding; $5 fee per withdrawal over six per statement cycle.
- Business Debit Mastercard Business debit card with enhanced benefits including MasterRental Insurance, Purchase Assurance, and MasterRoadAssist services.
- Business Certificates of Deposit Time deposits for businesses with terms from 1 month to 5 years, $1,000 minimum to open, interest rates set weekly, and automatic renewal.
- Commercial Loans Business loans for agricultural, construction, equipment, expansion, inventory, and working capital needs, underwritten by local lenders.
- Money Market Business Account Business money market account earning interest on balances over $2,000 with monthly interest payments; $10 fee if balance falls below $2,000.
- Money Market Star Business Account Premium business money market account with $10,000 minimum balance to open and earn interest, higher interest rate tiers on balances from $10,000 to $500,000+; $25 fee if balance falls below $10,000.
- Online Banking Web-based banking platform for personal and business account management, bill pay, and e-statements, accessed via FundsXpress/Apiture.
- Mobile Banking Mobile application for iOS and Android providing account access, mobile check deposit, account alerts, and mobile wallet support (Apple Pay, Samsung Pay, Google Pay).
- FirstLine 24/7 Telephone Banking 24/7 automated telephone banking service at 1-800-520-2265 for account balances, fund transfers, and basic banking services.
- Merchant Services (Clover POS) All-in-one payment processing solution resold to business customers via Clover POS hardware (Go, Flex, Mini, Station Solo, Station Duo), supporting EMV chip cards and mobile wallets, with inventory, scheduling, payroll, and loyalty apps; merchant services provided by First Data Merchant Services LLC.
- Investment Services (via LPL Financial LLC) Investment products and financial planning services — including stocks, bonds, mutual funds, and annuities — offered to customers through a partnership with LPL Financial LLC.
Quantifiable outcome
- Assets in excess of $1 billion
- +2 more outcomes
Companies that use First American Bank and Trust
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
First American Bank and Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature4 records
First American Bank and Trust partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and strategic.
- Jack HenrycoreFirst American Bank and Trust selected Jack Henry to modernize its core banking systems, adopting the Banno Digital Platform and Tap2Local payment acceptance solution. The transition moves the community bank from an in-house technology environment to a hosted model, with the aim of improving operational efficiency, enhancing digital capabilities, and expanding payment services.
- LPL Financial LLCstrategicPartnership with LPL Financial LLC for investment products and services including stocks, bonds, mutual funds, and annuities. First American Bank offers investment services through this partnership to provide comprehensive financial planning for customers.
- Clover Network Inc.corePartnership with Clover for merchant services and POS systems. First American Bank resells Clover POS solutions including Clover Go, Flex, Mini, Station Solo, and Station Duo to business customers. Merchant services provided by First Data Merchant Services LLC.
Scale indicators7 records
Recent moves5 records
Expansion highlights4 records
First American Bank and Trust competitors and assessment
Company assessmentBroad incumbents
- Hancock Whitney: Gulf Coast regional bank with Louisiana, Mississippi, Alabama, Florida, and Texas branches. Larger scale, broader product suite, and more sophisticated digital capabilities establish it as the primary regional competitor for deposits and commercial relationships.
- First Horizon Bank: Tennessee-headquartered regional bank with significant Louisiana presence following the former IberiaBank merger. Competes for commercial lending and small business deposits across the shared Gulf Coast footprint.
- Cadence Bank: Houston-based regional bank with branches across the Southeast including Louisiana. Provides commercial banking, treasury management, and consumer products at a larger scale and broader geographic reach than First American.
- Wells Fargo: National bank with an established Louisiana branch network and full-service consumer, mortgage, and small business offerings. Represents the largest incumbent competition for community bank deposit and lending share in the region.
- JPMorgan Chase: Largest US bank with expanding branch presence in Louisiana metros including Baton Rouge and the New Orleans area. National-scale deposit pricing, digital platforms, and balance sheet compete for the same consumer and small business relationships.
Direct peers
- Investar Bank: Louisiana-based community bank offering deposit, lending, and treasury services to consumers and small businesses across South Louisiana, overlapping First American's customer segments and geographic market.
- Red River Bank: Alexandria, Louisiana community bank with similar asset scale, full-service personal and business banking, and a community-focused lending model. Comparable in operating philosophy and balance-sheet profile.
- b1BANK: Baton Rouge-headquartered community bank serving Southeast Louisiana with a comparable branch-based model, commercial lending focus, and small business services. Most direct geographic peer to First American's 11-parish footprint.
- Home Bank: Lafayette, Louisiana-headquartered community bank of similar size with a full-service personal and commercial banking menu and a multi-parish Louisiana branch network. Closest comparable on product mix, scale, and operating philosophy.
- Resource Bank: Covington, Louisiana community bank on the North Shore serving similar consumer and small business customers with comparable deposit and lending products across the Southeast Louisiana market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
First American Bank and Trust social profiles
Digital presenceFirst American Bank and Trust compliance and trust
Trust signalCompliance3 records
First American Bank and Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
First American Bank and Trust leadership team
Management profileNumber of profiles
First American Bank and Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First American Bank and Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First American Bank and Trust
What does First American Bank and Trust do?
First American Bank and Trust is a community bank that provides traditional personal and business banking products and services through 25 branches across 11 parishes in Southeast Louisiana. Its core offerings include deposit accounts (personal and business checking, savings, money market, and certificates of deposit), lending products (personal installment loans, residential mortgages, HELOCs, and commercial loans including agricultural and construction), payment cards (Mastercard/Visa credit cards and Mastercard debit cards), digital banking (online and mobile apps), merchant services via Clover POS, and investment services offered through an LPL Financial partnership.
Is First American Bank and Trust a public or private company?
First American Bank and Trust is a private company. It is classified as unknown and is currently operating.
When was First American Bank and Trust founded?
First American Bank and Trust was founded in 1910. It employs 251 to 500 people.
Where is First American Bank and Trust based?
First American Bank and Trust is headquartered in Vacherie, United States, in the North America region.
How does First American Bank and Trust make money?
Five revenue lines are on record. Interest Income is the primary driver. The others are deposit Account Fees, ATM and Debit Card Fees, merchant Services and investment Services.
Who are First American Bank and Trust's main competitors?
Broad incumbents on record are Hancock Whitney, First Horizon Bank, Cadence Bank, Wells Fargo and JPMorgan Chase. Direct peers are Investar Bank, Red River Bank, b1BANK, Home Bank and Resource Bank.
Does First American Bank and Trust have an API?
No public API is recorded for First American Bank and Trust.
What industry is First American Bank and Trust in?
First American Bank and Trust'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 FSABAAAI, Small Business Banking (Microbusiness/Sole Proprietor). Its NAICS code is 52211 and its SIC code is 6022.