First Bank & Trust

What First Bank & Trust does

First Bank & Trust is a Texas community banking brand that has operated as a wholly-owned subsidiary of Peoples Bank since its 2021 acquisition, with branches in Seymour, Princeton, and Whitney serving North Texas markets. Following the 2026 merger of Peoples Bank with Cornerstone Capital Bank, the combined entity operates as a division of Cornerstone Capital Bank, SSB, a Texas state-chartered FDIC-insured institution headquartered in Lubbock. The bank delivers a full-service retail and commercial banking platform spanning personal and business deposit products (checking, savings, money market, CDs, HSA, IRA), consumer lending (auto, home improvement, construction, personal), residential mortgages through a Home Loan Center partnership with Cornerstone Home Lending, SBA loans, commercial real estate and construction loans, and specialized agricultural lending for farmers and ranchers. The technology stack centers on a digital banking platform with iOS and Android mobile applications, online banking, mobile check deposit, Zelle person-to-person payments, card controls with biometric multi-factor authentication, and treasury management modules (ACH origination, Positive Pay, remote deposit capture, merchant services) — built largely on third-party core and fintech integrations rather than proprietary infrastructure.

Revenue is generated through traditional community banking mechanics: net interest income from the loan portfolio, monthly service charges and per-transaction fees on business and personal deposit accounts (e.g., $20 monthly business checking, $9 monthly premium checking below threshold), wire fees ($20 domestic, $60 international), debit card replacement fees ($5), MoneyPass ATM network fees, and credit card annual fees ($49 on Preferred Points Rewards Business Card) plus interchange. The go-to-market motion is direct-to-consumer and direct-to-SMB through the 12-branch Texas footprint (Lubbock with 3 locations, Lorenzo, Nazareth, Post, Princeton, Seminole, Seymour, Shallowater, Slaton, Whitney, plus a 2024 Frisco loan production office), supplemented by digital channels and after-hours call center support. Customer segments are explicitly horizontal — individual consumers, small to medium businesses, agricultural producers, and home buyers — with a stated value proposition centered on local decision-making, community presence, and FDIC-insured deposits.

Name

First Bank & Trust

Legal name

Cornerstone Capital Bank, SSB

Website

https://fbtseymour.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

First Bank & Trust is a Texas community bank brand (acquired by Peoples Bank in 2021, now part of Cornerstone Capital Bank, SSB) serving individual consumers, small businesses, farmers, and homebuyers across North Texas through branches in Seymour, Princeton, and Whitney.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking services
• Agricultural lending products
• Commercial loan products
• Personal deposit accounts
• Treasury management services

Headquarters

HQ city

Tyler

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: Traditional banking revenue from interest earned on loans including personal loans, business loans, home mortgages, agricultural loans, and credit cards
2. Business Checking, Savings, and CD Products: Fee-based revenue from business deposit accounts including monthly service charges, transaction fees, and coin/currency deposit fees
3. Personal Deposit Account Fees: Revenue from personal checking and savings accounts including monthly service charges when balance falls below minimums and excessive transaction fees
4. Wire Transfer Fees: $20 fee for domestic wires, $60 for international wires
5. Credit Card Revenue: Annual fees and interest revenue from personal and business credit card products including Preferred Points Rewards cards
6. ATM and Card Fees: Fees for replacement debit cards ($5), and ATM network access through MoneyPass with reduced or no fees depending on account type

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

First Bank & Trust is a Texas community bank that provides personal and business checking, savings, money market, CD, HSA, and IRA deposit products; consumer loans (auto, home improvement, construction, all-purpose); SBA commercial loans, commercial construction and real estate loans; agricultural operating, equipment, and farm real estate loans; mortgage financing through the Home Loan Center (a Cornerstone Home Lending division); personal and business credit cards; and treasury management solutions including merchant services, ACH origination, Positive Pay, remote deposit capture, and payroll cards, delivered through 12 Texas branches and digital banking channels.

Product overview

Peoples Bank (formerly including First Bank and Trust after 2021 acquisition) is a community bank offering a comprehensive suite of banking and lending products organized as a unified banking platform. The core product portfolio includes personal and business checking/savings accounts, money market accounts, and certificates of deposit. Lending offerings span consumer loans (auto, home improvement, construction, personal), mortgage products through the Home Loan Center partnership with Cornerstone Home Lending, SBA loans, commercial loans, agricultural lending, and business credit cards. Treasury Management services provide merchant processing, ACH origination, Positive Pay fraud protection, and remote deposit capture. Digital banking is delivered through online and mobile banking platforms with features like mobile check deposit, Zelle person-to-person payments, and Card Controls. The bank operates across multiple Texas locations and serves customers through a combination of branch banking and digital channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Tiered personal checking accounts with options for free checking, interest-bearing, age-targeted (50+), and premium interest tiers; subject to minimum balances and direct deposit requirements.
• Personal Savings and Youth Savings Accounts Personal savings accounts including a youth-focused savings product for minors under 18, with quarterly interest and excess-withdrawal fees after six debits per quarter.
• Personal Money Market Account Tiered personal money market account with variable interest and a $2,500 minimum balance to avoid the $15 monthly service charge.
• Personal Certificate of Deposit Personal CDs with fixed interest rates and terms ranging from 180 days to 4 years; subject to early withdrawal penalty.
• Health Savings Account (HSA) Tax-advantaged health savings account for individuals who meet IRS requirements, with quarterly interest and a $4 monthly fee if balance falls below $2,500.
• Individual Retirement Account (IRA) Tax-advantaged retirement savings account for individuals.
• Business Checking Accounts Business checking accounts including Simply Free Business Checking (no minimum, no monthly fee, 250 free monthly transactions, up to $10,000 free currency deposits monthly), Business Interest Checking ($1,000 minimum), and Business Checking with earnings credit allowance.
• Business Savings and Money Market Accounts Business savings account with quarterly interest and $100 minimum, plus a business money market account with $2,500 minimum and tiered variable interest.
• Business Certificate of Deposit Business CDs with $2,500 minimum and terms from 180 days to 4 years, subject to early-withdrawal penalty.
• Small Business Administration (SBA) Loans SBA-backed loans for small businesses, offered as a preferred SBA lender at competitive interest rates for purposes ranging from inventory to land purchases.
• Commercial Construction Loans Construction loans for businesses adding onto existing facilities or starting ground-up commercial construction projects.
• Commercial Real Estate Loans Commercial real estate loans for businesses purchasing or expanding locations, with guidance through planning and purchase.
• Agricultural Lending Agricultural operating loans, equipment financing, and farm real estate loans for farmers and ranchers, delivered by lenders experienced in regional agriculture.
• Auto/Vehicle Loans Loans for purchasing vehicles with competitive rates and personalized service as an alternative to dealership financing.
• Home Improvement Loan Loans for home improvement projects including kitchen upgrades and renovations.
• Personal Construction Loan Construction loans for new personal home builds, partnering borrowers with builders.
• All-Purpose Personal Loan Flexible personal loans for vacations, home appliances, unexpected expenses, and other consumer purposes.
• Home Loan Center (Mortgage Lending) Residential mortgage products including FHA, VA, and conventional loans for home purchase, refinancing, and new construction, delivered by dedicated local loan originators in partnership with Cornerstone Home Lending.
• Personal Credit Cards Personal credit cards including a Low Rate card (introductory rate for six months) and a Preferred Points Rewards card with a points program redeemable for rewards.
• Business Credit Cards Business credit cards including Preferred Points Rewards ($49 annual fee, up to 10,000 points/month, 125-day interest-free grace period) and Standard (no annual fee, 25-day grace period), with points redeemable for cash back, gift cards, and travel.
• Treasury Management Services Comprehensive business treasury management including merchant services, online business banking with Intuit (QuickBooks/Quicken) integration, Positive Pay fraud protection, ACH origination, business wires, payroll cards, gift cards, travel cards, remote deposit capture, and internal sweeps/ZBA/ODP liquidity management.
• Merchant Services Debit and credit card processing solutions for businesses, including traditional terminals and mobile systems supporting Visa and Mastercard.
• Online Banking Free online banking platform providing 24/7 account access, bill pay, electronic statements, and transaction download in Quicken, QIF, and CSV formats.
• Mobile Banking App Free iOS and Android mobile banking apps for personal and business accounts with mobile check deposit, Zelle transfers, card controls, and shared login with online banking.
• Zelle Person-to-Person Payments Native Zelle integration enabling customers to send and receive money directly between U.S. bank accounts using email or mobile number, typically within minutes.
• Card Controls Debit card management features allowing customers to freeze/unfreeze cards, block merchants, set spending limits, configure location-based controls, and receive transaction alerts.
• Bill Pay Electronic bill payment service allowing customers to pay bills, review payment history, and manage pending payments through online and mobile banking.

Quantifiable outcome

• Free online banking with 24/7 access to accounts
• +3 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

Integration8 records

AI capability5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Cornerstone Capital BankcoreStrategic or Co-development Partner · 1 January 2026In 2026, Peoples Bank merged with Cornerstone Capital Bank. This partnership enhanced products and industry-leading technology while maintaining the personal approach that defines the community bank.
• Cornerstone Home LendingcoreStrategic or Co-development PartnerPeoples Bank Home Loan Center is a division of Cornerstone Home Lending, providing mortgage loan products and options through dedicated loan originators with the same local service approach.
• Early Warning Services (Zelle)coreTechnology or IntegrationIntegration of Zelle for fast, safe money transfers between bank accounts. Zelle is owned by Early Warning Services, LLC and enables instant money transfers using email or mobile number.
• American Bankers AssociationminorOthersReferenced ABA cybersecurity standards and guidelines for authentication methods and fraud prevention practices.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Cadence Bank: Regional bank with Texas operations offering commercial banking, treasury management, and consumer products — competing for Texas SMB and middle-market customers but with primary presence outside of Peoples Bank's West Texas core.

Direct peers

• Happy State Bank: Texas Panhandle and West Texas community bank with strong agricultural lending franchise, multi-branch distribution across smaller Texas communities, and similar SBA and small-business lending focus — a near-direct competitor in overlapping rural Texas geographies.
• City Bank: Texas community bank with branch distribution across West and South Texas, providing personal, business, and agricultural lending products. Similar scale, customer mix, and community-bank value proposition to Peoples Bank.
• Legend Bank: North Texas community bank with comparable small-business, agricultural, and consumer lending focus, and a similar branch model serving smaller Texas communities — directly overlapping in customer segments and product set.
• Independent Bank: Texas-headquartered community bank serving consumers and small-to-medium businesses with a comparable suite of deposit, lending, and digital banking products across similar geographies.
• First United Bank: Texas-based community bank with a comparable multi-branch rural and small-metro footprint, offering personal banking, business lending, agricultural lending, and mortgage products. Directly comparable in size, customer segments, and community banking strategy.
• Vista Bank: Texas community bank focused on serving small-to-medium businesses and consumers through regional branches, with comparable treasury management, SBA, and digital banking offerings — competing for the same SMB and consumer customers in Texas markets.

Broad incumbents

• Frost Bank: Large Texas regional bank with substantially greater scale and a broader product portfolio (wealth management, capital markets, treasury), but overlapping personal and business banking customers in major Texas metros where Peoples Bank also operates.
• Prosperity Bank: Large Texas-based regional bank with deep community banking presence, including in rural and small-metro markets where Peoples Bank competes — a broader incumbent with overlapping consumer, small-business, and mortgage products.
• Texas Capital Bancshares: Texas-headquartered commercial bank with stronger middle-market and treasury management focus, but operating in the same geographies and competing for some of the same business banking and SBA customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Peoples_BankTX
• Facebookfacebook.com/profile.php
• Instagraminstagram.com/peoples_banktx

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

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 Bank & Trust