First Bank & Trust

First Bank & Trust was established on March 5, 1890, originally under the name The First National Bank of Seymour in Seymour, Texas. Over the years, the institution underwent several significant changes and expansions. On July 22, 2005, First Bank & Trust acquired the First State Bank of Matador in Matador, Texas. This marked the beginning of a series of acquisitions, including Citizens State Bank in Princeton, Texas, and First Bank in Whitney, Texas, as well as Memphis State Bank in Memphis, Texas, all on November 15, 2014. On June 1, 2013, the bank changed its name to First Bank & Trust, transitioned to a state chartered bank, and became a member of the Federal Reserve System. Eventually, on May 1, 2021, First Bank & Trust merged with Peoples Bank in Lubbock, Texas, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1890-03-05Institution established. Original name: The First National Bank of Seymour.

2005-07-22Acquired First State Bank of Matador in Matador, TX.

2013-06-01Changed Chartering Agency to State.

2013-06-01Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

2013-06-01Changed Primary Federal Regulatory Agency to FED.

2013-06-01Changed Institution Name to First Bank & Trust.

2014-11-15Acquired Citizens State Bank in Princeton, TX.

2014-11-15Acquired First Bank in Whitney, TX.

2014-11-15Acquired Memphis State Bank in Memphis, TX.

2021-05-01Merged and became part of Peoples Bank in Lubbock, TX.