First State Bank & Trust

What First State Bank & Trust does

First State Bank & Trust is an independent, privately held Kansas state-chartered community bank headquartered in Tonganoxie with seven branch locations and a dedicated Trust & Investments office serving Northeast Kansas markets including Lawrence, Basehor, Perry, Tonganoxie, and the Kansas City (Legends) metro. Founded as The Bank of Perry in 1893 and operating under its current name since 1982, the bank provides full-service consumer, small business, commercial, agricultural, and wealth management services. Customer segments include individual consumers (checking, savings, money market, CDs, IRAs, consumer loans, mortgages), small-to-medium businesses (business checking, cash management, ACH/wires, remote deposit capture, merchant services), commercial and industrial borrowers, agricultural producers (real estate, equipment, livestock, operating loans via FSA and Farmer Mac partnerships), and wealth/trust clients served through a dedicated Trust & Financial Services division in partnership with Osaic Institutions (First State Financial). The product suite spans deposit accounts (Free Checking, Elite Checking, Charter 50, Relationship Checking, savings tiers, money market, CDs), consumer lending (auto, personal, CD-secured, credit cards with 9.9%-16.9% APRs, and home loans including Conventional, VA, USDA, FHA, Jumbo, and Construction), commercial lending (C&I, commercial real estate, SBA, lease purchase), agricultural lending, and Visa debit/credit cards with mobile wallet and Zelle integration.

The bank operates a multi-channel distribution model combining physical branches, a mobile banking app (First State KS Mobile on iOS and Android), online banking, 24/7 telephone banking, and a cash management platform (Basic at $9.95/month and Enhanced at $19.95/month). Its technology stack is anchored by a planned migration to the 'Configure Digital' platform in May 2026, replacing existing online/mobile banking, cash management, and Zelle services with consolidated login, OTP authentication, and a DigiPass soft-token app. Revenue is generated primarily through net interest income on loans and deposits, transaction-based fees (overdraft at $30 NSF, gift card loads at $3.50, per-item business checking fees), recurring cash management subscriptions, card interchange, and fee-based trust and investment management services. The bank is FDIC-insured (NMLS# 674059) and owned by a group of local stockholders since 1979, with the company's stated commitment to remain independent.

Name

First State Bank & Trust

Legal name

First State Bank & Trust

Website

https://firststateks.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

First State Bank & Trust is an independent Kansas community bank operating seven branches across Northeast Kansas, offering consumer, small business, commercial, agricultural, and trust/wealth management services to retail and SMB customers.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Trust, Fiduciary, and Custody Activities (523991), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Direct Lending — Senior Secured (First Lien) (FSAHAJAA)

Keywords

• Community banking services
• Commercial lending
• Agricultural loans
• Wealth management
• Business cash management

Headquarters

HQ city

Tonganoxie

HQ country

United States

HQ region

North America

Offices8 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. Interest Income: Traditional banking revenue from interest earned on loans including personal loans, auto loans, real estate mortgages, commercial loans, and agricultural loans. Interest is earned on checking accounts (Elite Checking, Charter 50 Checking, Relationship Checking), savings accounts, money market accounts, and certificates of deposit.
2. Account Service Fees: Monthly service charges on various account types, overdraft fees ($30 NSF fee), and fees for transactions exceeding limits. Business accounts have tiered fee structures based on transaction volume.
3. Cash Management Services: Monthly fees for Basic Cash Management ($9.95) and Enhanced Cash Management ($19.95), plus additional fees for ACH, wire transfers, remote deposit capture, and business bill pay services.
4. Card Services: Revenue from credit card interchange, debit card usage, gift card load fees ($3.50 per card), and merchant services through partner Integrated Merchant Alliance.
5. Trust and Wealth Management: Revenue from trust administration, estate administration, wealth management, investment management, and IRA services through First State Financial (partner: Osaic Institutions, Inc.)

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

First State Bank & Trust is a community bank that provides deposit products (checking, savings, money market, CDs, IRAs), consumer and mortgage lending (auto, personal, home equity, conventional/VA/USDA/FHA/Jumbo/construction loans), commercial and agricultural lending (SBA, commercial real estate, ag real estate, equipment, livestock), business banking services (business checking, cash management, ACH, wire, remote deposit capture, merchant services), and trust and wealth management services. Distribution is through 7 physical branches in Northeast Kansas combined with online, mobile, and telephone banking channels.

Product overview

First State Bank & Trust is a regional community bank offering a comprehensive suite of financial products and services through multiple delivery channels including branch banking, online banking, mobile banking, and telephone banking. The core banking platform consists of personal and business checking, savings, money market, and certificate of deposit accounts. Digital banking services include Online Banking, Mobile Banking (First State KS Mobile app), Mobile Deposit, Bill Pay, eStatements, and Notifi Account Alerts. The bank's product portfolio spans consumer lending (auto loans, personal loans, credit cards, real estate mortgages including Conventional, VA, USDA, FHA, Jumbo, and Construction loans), business banking (commercial loans, commercial real estate, SBA loans, Cash Management, ACH, wire transfers, Remote Deposit Capture, and Merchant Services), agricultural lending (farm real estate, equipment, livestock, and operating loans), and wealth management (trust administration, estate administration, investment management, financial planning, and retirement planning). Additional services include Visa debit and credit cards with mobile wallet integration (Apple Pay, Google Pay, Samsung Pay), Zelle peer-to-peer payments, and specialty Spirit and Community debit cards supporting local schools and organizations.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts A suite of personal checking accounts including Free Checking (no monthly fee, $100 minimum opening deposit), Elite Checking (interest-bearing, ATM surcharge refunds, eStatements required), Charter 50 Checking (age 50+ with interest, free checks, free cashier's checks/money orders), and Relationship Checking (interest-bearing for multi-product customers with $15 monthly service charge waived at $5,000 balance or $15,000 combined relationship).
• Personal Savings Accounts
• Money Market Accounts
• Certificate of Deposit (CD)
• Individual Retirement Accounts (IRAs)
• Auto Loans
• Personal Loans (Unsecured and CD-Secured)
• Real Estate Home Loans
• Business Checking Accounts
• Business Savings and Money Market
• Cash Management Comprehensive online business banking platform with multi-account access, customizable user permissions, ACH and wire transfers, Remote Deposit Capture, and enhanced security features. Available in Basic ($9.95/month) and Enhanced ($19.95/month) tiers, with the Enhanced tier adding ACH ($10/mo), wire transfers ($12 domestic/$55 international), RDC ($20/mo), and soft token security ($2.50/user/month).
• Commercial Loans
• SBA Loans
• Agricultural Loans
• Trust and Wealth Management Services Trust Administration (professional trustee services), Estate Administration (executor and estate settlement, asset collection, distribution, tax filing), Wealth Management (comprehensive accumulation, growth, protection, legacy planning), Investment Management (strategic planning with ongoing portfolio monitoring), IRA Rollovers, Financial Planning, and Retirement Planning. Delivered through the Trust & Investments office in Basehor with investment services offered through Osaic Institutions, Inc. (dba First State Financial, Member FINRA/SIPC).
• Merchant Services
• Online and Mobile Banking
• Visa Debit Cards
• Visa Credit Cards
• Visa Gift Cards

Quantifiable outcome

• Over $693,300 donated to schools and organizations in the community
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• Farm Service Agency (FSA)coreStrategic or Co-development PartnerPartnership with local Farm Service Agency to provide farmers and ranchers access to FSA programs for starting, expanding, or strengthening family farming and ranching operations. FSA programs target beginning farmers, minority farmers, women producers, and alternative farming methods.
• Farmer MaccoreStrategic or Co-development PartnerPartnership with Farmer Mac to provide access to flexible, low-cost financing for rural community members. Offers long-term fixed rate loans that competitors may not provide, including variable rates from 1-month to 15 years and fixed rate amortizations up to 25-30 years.
• Integrated Merchant Alliance, Inc. (IMA)coreChannel Partner/ Reseller/ DistributorPartnership since 2014 providing credit card processing solutions for First State Bank & Trust clients. Offers competitive rates, point-of-sale solutions, and $500 rate challenge guarantee for business customers.
• Osaic Institutions, Inc.coreTechnology or IntegrationInvestment services partnership through Osaic Institutions, Inc., Member FINRA/SIPC, operating as First State Financial. Provides access to investment management, financial planning, and securities services through First State Bank & Trust.
• Early Warning Services, LLC (Zelle)coreTechnology or IntegrationLicensed use of Zelle platform for person-to-person money transfers through mobile and online banking. Zelle enables customers to send and receive money directly between bank accounts.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• UMB Financial Corporation: Kansas City-based diversified bank holding company with consumer, commercial, and wealth management — competes with First State's business banking and trust services in the same metro.
• Commerce Bank: Kansas City-based regional bank with full personal, business, mortgage, and wealth capabilities competing for the same Kansas City metro deposit and SMB relationships.

Direct peers

• INTRUST Bank, N.A. Wichita-based Kansas community bank offering a full suite of personal, business, ag, and wealth services across multiple Kansas branches — the closest direct analog to First State Bank & Trust's community banking model in the same state.
• Capitol Federal Savings Bank: Topeka-headquartered state-chartered Kansas savings institution with personal, mortgage, and commercial banking — directly comparable charter type, geography, and product mix.
• Equity Bank: Kansas-rooted community bank (Andover, KS) with consumer, business, and ag lending across the state — comparable regional community-banking footprint with parallel product suite.
• Farmers & Merchants Bank: Independent community bank focused on ag lending and small business banking in a rural Midwest market — closely comparable as an ag-centric relationship lender.
• Great Southern Bank: Springfield, Missouri community bank with personal, business, and ag lending across the Midwest — comparable size, multi-channel delivery, and rural/small-market focus.

Regional players

• Heartland Tri-State Bank: Independent community bank in the Kansas/Missouri/Nebraska tri-state area with consumer, business, and ag products — similar community-bank profile with overlapping rural-Heartland geography.
• Citizens Bank & Trust Company: Community bank serving Kansas/Missouri with personal, ag, and commercial banking — analogous Midwestern community banking profile though operating in overlapping but distinct markets.

Others

• Osaic Institutions, Inc. FINRA/SIPC broker-dealer partner providing investment management, financial planning, and securities services to First State's Trust & Investments division — adjacent ecosystem participant rather than competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/firststateks

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 State Bank & Trust