About First Security Bank
First Security Bank is a Financial Services company based in Owensboro (United States) founded in 1997, and was acquired by German American in October 2018. Retail and business banking services are offered to community customers. It operates on a Commission-Based and Direct-to-Consumer (D2C) model. First Security Bank has raised $41.38 million across 7 funding rounds from investors including German American and U.S. Department of the Treasury. Its chief executive, as recorded, is Michael Beckwith. First Security Bank offers products and services including Personal Banking, Payday Loans, and Installment Loans. Its focus areas include Banking and Retail Banking. Its competitors include Truist, Equity Bank and Citi; 1 of its 3 listed competitors has raised funding.
Company details
First Security Bank is involved in offering a range of financial services, including personal and business banking, online banking, and various loan products such as payday loans, installment loans, and personal loans. Services are provided to individuals and businesses across different sectors, focusing on convenience through credit cards, check cards, and eStatements. Solutions are tailored for emergency financial needs with same-day loan approvals and options for bad credit borrowers.
- Headquarters Owensboro, United States
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Accounting and Auditing
- Phone•••• ••••
- Website firstsecurity.net
- Social LinkedIn
- Acquired by German American (Oct 2018)
- Total Equity Funding$41.38M (USD)
in 7 rounds
- Latest Funding Round$201.25K (USD), Series C
Jul 2014
- InvestorsGerman American
& 1 more
- Acquired byGerman American
(Oct 2018)
Products & Services of First Security Bank
First Security Bank offers a comprehensive portfolio of products and services, including Personal Banking, Payday Loans, and Installment Loans.
Personal banking services are provided for individual clients.
Short-term payday loans are offered for emergencies.
Installment loans are provided for flexible repayment options.
Funding Insights of First Security Bank
First Security Bank has successfully raised a total of $41.38M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $201.25 thousand completed in July 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $41.38M
- Total Rounds 7
- Last Round Series C — $201,245
- First Round $10.77M
(Jun 2010)
- Investors Count 1
All 7 funding rounds of First Security Bank with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2014 | $201,245 | Series C | – | – | – |
| Apr 2014 | $30.08M | Series C | – | – | – |
| Nov 2010 | Debt – Conventional | – | – | – | |
| Nov 2010 | $335,000 | Series B | – | – | – |
| Sep 2010 | $15,000 | Grant | – | – | |
| Jun 2010 | $10.77M | Series B | – | – | – |
| Jun 2010 | Debt – Conventional | – | – | – |
2 investors in total: 2 institutional.
Investors in First Security Bank
First Security Bank has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include German American and U.S. Department of the Treasury.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
The U.S. Department of the Treasury is tasked with formulating and implementing fiscal policy for the United States government. | 1789 | treasury.gov | ||
Commercial banking services are provided across Indiana communities. | 1875 | germanamerican.com | Indiana, United States |
Investor details for First Security Bank
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People of First Security Bank
1 people are tracked at First Security Bank (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Beckwith | CEO & President | Leadership |
Complete people profiles for First Security Bank
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Timeline of First Security Bank
4 dated milestones of First Security Bank across 21 years, from founding to its latest funding, stage changes and deals.
- Founded First Security Bank is founded.
- Funding First funding round of $10.8M.
- Funding Latest funding round, Series C, of $201K.
- Exit Acquired by German American.
Competitors of First Security Bank
First Security Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, Equity Bank and Citi.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| truist.com | 1872 | Charlotte, United States | 55,480 | Wealth advisory and banking services are offered to clients. | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. | ||
| citigroup.com | 1812 | New York, United States | 500 | Diversified financial services are offered through commercial banking operations. |
Detailed competitors of First Security Bank
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Web traffic of First Security Bank
The website of First Security Bank (firstsecurity.net) receives about 5.3K visits a month and ranks #5,403,950 among all websites worldwide, #10,276 in Accounting and Auditing.
- Monthly visits5.3K
▲ 45.5% vs previous month
- Unique visitors1.3K
per month
- Global rank#5,403,950
among all websites
- Category rank#10,276
Finance · Accounting and Auditing
- Bounce rate62%
- Pages per visit1.5
- Average visit19 sec
- DevicesDesktop 16% · Mobile 84%
Websites whose visitors overlap most with First Security Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| iwsb.com | 100% | 680.7K | #2,677,126 | View details | |
| fsbmsla.com | 98% | 680.7K | #661,474 | View details | |
| fsbank.com | 95% | 270K | #200,878 | View details | |
| 1776bank.com | 92% | 21.3K | #1,035,009 | View details | |
firstsecuritybk.com | firstsecuritybk.com | 87% | #830,830 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for First Security Bank
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Related news about First Security Bank
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Frequently Asked Questions about First Security Bank
First Security Bank was founded in 1997 and raised its 1st funding round 13 years after it was founded.
First Security Bank is headquartered in Owensboro, United States. It is registered at Owensboro, Kentucky, United States.
Michael Beckwith is the CEO of First Security Bank, as recorded in our data.
First Security Bank is a funded company, having raised a total of $41.38M across 7 funding rounds to date. The company's 1st funding round was a Series B of $10.77M, raised on Jun 2010.
First Security Bank is involved in offering a range of financial services, including personal and business banking, online banking, and various loan products such as payday loans, installment loans, and personal loans. Services are provided to individuals and businesses across different sectors, focusing on convenience through credit cards, check cards, and eStatements. Solutions are tailored for emergency financial needs with same-day loan approvals and options for bad credit borrowers.
First Security Bank's top competitors include Truist, Citi and Equity Bank.
First Security Bank offers Personal Banking, Payday Loans, and Installment Loans.
First Security Bank has 2 investors. Key investors include German American, and U.S. Department of the Treasury.
Yes. First Security Bank was acquired by German American in October 2018.