The First Bank And Trust Company
FDIC #22918
📍 Lebanon, Virginia
The First Bank And Trust Company is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in August 3, 1979. With assets of $3.15 Billion, it operates 33 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: May 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
May 1, 2023
Satisfactory
October 19, 2020
Satisfactory
May 7, 2018
Satisfactory
💰 Financial Strength
Total Assets$3.15 Billion
Total Deposits$2.76 Billion
Equity Capital$316.53 Million
Net Income$38.11 Million
📈 Performance
ROA1.62%
ROE16.62%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedAugust 3, 1979
FDIC Cert22918
Holding CoFirst Bcorp Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 5:00 PM
Tuesday8:30 AM - 5:00 PM
Wednesday8:30 AM - 5:00 PM
Thursday8:30 AM - 5:00 PM
Friday8:30 AM - 5:00 PM
Saturday8:30 AM - 1:00 PM
SundayClosed
📜 Institutional History
2011
Relocation
Moved HQ to: 359 West Main Street, Lebanon, VA 24266.
2003
Merger / Acquisition
Acquired: First Commonwealth Bank
2003
Relocation
Moved HQ to: 236 West Main Street, Lebanon, VA 24266.
2002
Merger / Acquisition
Acquired: First Bank And Trust Company Of Tennessee
2001
Relocation
Moved HQ to: P.O. Box 1000, Abingdon, VA 24212.