FCNB Bank Company Profile
Background
FCNB Bank, originally established as the Bank of Leasburg in 1906, is a family-owned and locally operated community bank headquartered in Steelville, Missouri. Over the years, the bank has undergone several name changes and structural transformations, reflecting its growth and commitment to serving the local community. In November 2021, FCNB Bank transitioned from a national charter to a state-chartered bank, officially adopting its current name.
The bank's mission is to provide personalized banking services that cater to the unique needs of its customers, emphasizing community reinvestment and local economic development. FCNB Bank operates six branches across Missouri, including locations in Steelville, Cuba, Sullivan, Rolla, and Eureka.
Key Strategic Focus
FCNB Bank's strategic focus centers on delivering comprehensive financial services tailored to individuals, small businesses, and agricultural enterprises within its service areas. The bank emphasizes:
- Community Reinvestment: Actively supporting local businesses and economic initiatives to foster regional growth.
- Personalized Customer Service: Building strong relationships with customers to provide customized financial solutions.
- Technological Integration: Implementing modern banking technologies to enhance service delivery while maintaining a personal touch.
Financials and Funding
As of June 30, 2024, FCNB Bank reported:
- Total Assets: $196.3 million
- Total Deposits: $167.5 million
- Net Loans and Leases: $110.6 million
- Equity Capital: $4.6 million
The bank maintains a Texas Ratio of 10.52%, indicating a solid capacity to manage potential loan losses.
Technological Platform and Innovation
FCNB Bank integrates modern banking technologies to enhance customer experience while preserving the personalized service characteristic of community banks. The bank offers:
- Online and Mobile Banking: Providing customers with convenient access to their accounts and banking services.
- Touch Tone Teller: A 24-hour telephone banking service for account inquiries and transactions.
Leadership Team
FCNB Bank's leadership comprises experienced professionals dedicated to the bank's mission:
- Paul E. Perkins: Chairman of the Board
- Scott Perkins: President & CEO
- Julie Perkins Settles: President of FCNB Insurance & Investments, Board Member
- James D. Cottrell: Board Member
- Herbert J. Baumann: Board Member
- John Hewkin: Board Member
- Rosella Roberts: Board Member
- Anita Agers-Brooks: Board Member
Leadership Changes
In November 2021, FCNB Bank transitioned from a national charter to a state-chartered bank, officially changing its name and aligning its regulatory oversight with the Missouri Division of Finance.
Competitor Profile
Market Insights and Dynamics
FCNB Bank operates within the community banking sector in Missouri, a market characterized by personalized service and local economic engagement. Community banks play a vital role in supporting small businesses and agricultural enterprises, contributing significantly to local economies.
Competitor Analysis
Key competitors in the region include:
- FCN Bank N.A.: Headquartered in Brookville, Indiana, with branches in nearby towns, FCN Bank emphasizes local, face-to-face service.
- Fayette County National Bank: Offers a range of banking services, including online banking and merchant services, catering to local communities.
These institutions, like FCNB Bank, focus on community engagement and personalized customer service, differentiating themselves from larger, impersonal banking entities.
Strategic Collaborations and Partnerships
FCNB Bank collaborates with local businesses and community organizations to promote economic development. The bank's commitment to community reinvestment is evident in its support for local initiatives and personalized banking solutions tailored to the needs of its customers.
Operational Insights
FCNB Bank's operational strategy leverages its local knowledge and personalized service to maintain a competitive edge. The bank's ability to make swift decisions and adapt to market changes enhances its responsiveness to customer needs.
Strategic Opportunities and Future Directions
Looking ahead, FCNB Bank aims to:
- Expand Digital Services: Enhance online and mobile banking platforms to meet evolving customer expectations.
- Strengthen Community Engagement: Deepen relationships with local businesses and organizations to support regional economic growth.
- Diversify Financial Products: Develop new financial products and services tailored to the unique needs of its customer base.
By focusing on these areas, FCNB Bank seeks to reinforce its position as a trusted community bank and drive sustainable growth.
Contact Information
- Website: fcnb.com
- Headquarters: Steelville, Missouri
For more information on FCNB Bank's services and locations, please visit their official website.
