First Trust Corporation Overview
Pro stress-test →First Trust Corporation was a New Orleans–based independent bank founded in 1991, with branch locations across the Gulf Coast. The company was acquired by BancPlus Corporation on March 1, 2022.
Strategic Profile
Pro stress-test →As a locally owned community bank, First Trust focused on building client relations and offered full service commercial and consumer banking services, education/tuition lending products, and a full array of mortgage products covering southeast Louisiana, Mississippi, and Florida. First Trust Corporation's parent company held affiliated subsidiaries FBT Investments, FBT Advisors and First Insurance Agency.
Competitive Landscape
Pro stress-test →First Trust competed in the Gulf Coast regional banking market against other community and regional banks serving Louisiana, Mississippi, and Florida. Post-acquisition (March 2022), its operations were fully integrated into BankPlus, a Southeast regional bank with ~90 branches across Alabama, Mississippi, Louisiana, and Florida.
Industry Context
First Trust Corporation operates in Community & Regional Commercial Banking.
Key facts
Founded: 1991 · Headquarters: New Orleans, US · Employees: N/A · Revenue: N/A · Market cap: N/A - Acquired