First Bank & Trust

First Bank & Trust

Community bank offering mortgages and loans

Overview

First Bank & Trust is a locally owned community bank in New Orleans offering commercial and consumer banking, education/tuition lending, and mortgages through FBT Mortgage, LLC, plus investments via FBT Investments, LLC, serving southeast Louisiana, Mississippi, and Florida. It operates as a state-chartered, FDIC-insured institution with affiliated entities to manage mortgages and investments. The bank differentiates itself through local ownership, a community focus, and a broad product set backed by its affiliated entities, along with a commitment to truthful communication, dignity, and teamwork. Its goal is to build lasting client relationships in the Southeast by providing reliable financial services and strong customer satisfaction.

About First Bank & Trust

Simplify's Rating
Why First Bank & Trust is rated
C
Rated C on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

New Orleans, Louisiana

Founded

1991

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Simplify's Take

What believers are saying

  • Morristown expansion deepens deposit gathering and small-business lending in a high-traffic corridor.
  • Tennessee branches in Knoxville, Nashville, Spring Hill, and Shelbyville enable cross-selling statewide.
  • Digital onboarding converts branch traffic into accounts faster and lowers customer acquisition friction.

What critics are saying

  • Branch expansion into Morristown targets low-switching-cost deposits already served by entrenched community banks.
  • The I-81 corridor concentration exposes earnings to regional manufacturing and credit downturns.
  • Physical branches face margin pressure as customers increasingly prefer digital-first banking and fee competition.

What makes First Bank & Trust unique

  • First Bank and Trust Company opened its 28th full-service branch in Morristown in 2026.
  • The bank combines lobby, drive-through, and 24/7 online account opening at new branches.
  • Its footprint clusters along Tennessee's I-81 corridor, supporting relationship banking across regional trade routes.

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Benefits

Health Insurance

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

Paid Time Off

Flexible Work Hours

Remote Work Options

Parental Leave

Student Loan Assistance

Company News

Trek Africa Expeditions
May 15th, 2026
FirstBank appoints Dr. Julius B. Omodayo-Owotuga as Executive Director.

FirstBank appoints Dr. Julius B. Omodayo-Owotuga as Executive Director. Published by: Editor on May 15, 2026. By Trek Africa Newspaper This is to notify Nigerian Exchange Limited ("NGX") and the investing public that First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc (the Company), has appointed Dr. Julius B. Omodayo-Owotuga (Dr. JB) as an Executive Director, effective 13 May 2026, further strengthening the Bank's leadership capacity across strategic finance, governance, risk management, and institutional transformation. Dr. Julius B. Omodayo-Owotuga brings twenty-four (24) years of experience spanning banking and financial services, infrastructure finance, power, oil & gas, and audit and consulting. His appointment reflects the Bank's continued commitment to strong governance, disciplined execution, financial resilience, and sustainable long-term growth. Prior to this appointment, he served on the Board of First HoldCo Plc as a Non-Executive Director, between 2021 and 2026. He most recently served as Deputy Chief Executive of Geregu Power Plc, Nigeria's first listed power generation company, where he played a pivotal role in institutional transformation, governance strengthening, capital market positioning, operational optimisation, and major financing initiatives, including the company's landmark listing on NGX. Dr. Julius B. Omodayo-Owotuga previously served as Group Executive Director, Finance & Risk Management at Forte Oil Plc (Now Ardova Plc), where he was instrumental in the company's financial and operational transformation, leading strategic restructuring, capital raising, treasury optimisation, enterprise risk management, and governance improvement initiatives that strengthened long-term shareholder value. His professional career also includes roles at Africa Finance Corporation, Standard Chartered Bank, KPMG Professional Services and MBC International Bank (Now First Bank Nigeria Limited), providing him with deep experience in institutional finance, treasury management, financial controls, regulatory engagement, and corporate advisory. Dr. Julius B. Omodayo-Owotuga is a CFA Charter Holder, KPMG-trained Accountant, and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Taxation of Nigeria (CITN), and the Institute of Credit Administration. He is also a member of the Institute of Directors (IoD) Nigeria and a Certified Management Accountant. He holds a Doctorate in Business Administration, a Master's in Business Administration and Bachelor's degree in Accounting. He is an alumnus of Saïd Business School, University of Oxford, IE Business School, Geneva Business School, and The University of Lagos. This appointment has been approved by the Central Bank of Nigeria. For: FIRST HOLDCO PLC ABIOLA BARUWA GROUP COMPANY SECRETARY

Prime Publishers
Oct 3rd, 2025
First Bank and Trust Company Opens Full-Service Bank Office in Morristown, Tennessee

First Bank and Trust Company opens full-service bank office in Morristown, Tennessee.

Radarr Africa
Aug 14th, 2025
FirstBank to Host 2025 Agric and Export Conference to Boost Non-Oil Sector Growth

FirstBank to host 2025 Agric and Export Conference to boost non-oil sector growth.

MomentousNG
Aug 10th, 2025
FirstBank Champions Inclusive Fintech Innovation at Canada-Africa Fintech Summit (CAFS 2025

FirstBank champions inclusive fintech innovation at Canada-Africa Fintech Summit (CAFS 2025.

The Innovation Village
Jul 15th, 2025
FirstBank Introduces Facial Biometrics for App Security

FirstBank of Nigeria has officially launched a new facial biometric authentication feature for its mobile banking app, signaling a bold move toward a more secure and frictionless digital banking experience.

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