About First State Bank
First State Bank is a Financial Services company based in Chesterfield (United States) founded in 1917, and was acquired by Guaranty Bank & Trust in April 2013. Commercial banking services are provided in the United States. It operates on a Professional Services and Commission-Based model. First State Bank has raised $6.5 million across 2 funding rounds from investors including GNTY. The company has 6 employees. Its website fsb.bank draws about 38 thousand monthly visits. First State Bank offers products and services including Personal Banking, Mortgage Loans, and Business Banking. Its focus areas include Banking and Community Banking. Its competitors include Truist, First Republic Bank and Equity Bank; 1 of its 3 listed competitors has raised funding.
Company details
First State Bank is engaged in offering community banking services across Southeast Michigan. A wide range of financial solutions, including personal and business banking, mortgage loans, and investment services, are provided. The bank serves various sectors such as municipal and nonprofit industries with tailored solutions. Digital banking options and community involvement initiatives are also supported to enhance customer experience and local impact.
- Total Equity Funding$6.5M (USD)
in 2 rounds
- Latest Funding Round$6.5M (USD), Private Equity Round
Nov 2016
- Investors
- Employee Count6
- Acquired byGuaranty Bank & Trust
(Apr 2013)
Products & Services of First State Bank
First State Bank offers a comprehensive portfolio of products and services, including Personal Banking, Mortgage Loans, and Business Banking.
Personal banking solutions are provided for everyday financial needs.
Mortgage loans are offered for home purchase and refinancing.
Business banking solutions are tailored for corporate financial needs.
Funding Insights of First State Bank
First State Bank has successfully raised a total of $6.5M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $6.5 million completed in November 2016. 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 $6.5M
- Total Rounds 2
- Last Round Private Equity Round — $6.5M
- First Round $16M
(Oct 2016)
All 2 funding rounds of First State 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 |
|---|---|---|---|---|---|
| Nov 2016 | $6.5M | Private Equity Round | – | – | – |
| Oct 2016 | $16M | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in First State Bank
First State Bank has secured backing from 1 investor. Prominent investors backing the company include GNTY.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services including loans and deposits are provided. | 1913 | gnty.com | Mount Pleasant, United States |
Investor details for First State Bank
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People of First State Bank
41 people are tracked at First State Bank (13 in leadership, 28 in team); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Kia Hekneby | 1st Vice President Compliance Officer | Leadership |
Mary Schwarzkoff | Vice President | Leadership |
April Matalavy | Svp, Chief Human Resources Officer | Leadership |
Kelly Walters | Executive Vice President/general Counsel | Leadership |
Andre Esshaki | First Vice President - Commercial Loan Officer | Leadership |
Brett Sanford | First Vice President, Commercial Loan Officer | Leadership |
Eugene Lovell | President and CEO | Leadership |
Tristan Smith | Chief Information Officer | Leadership |
Phil Ruggeri | Sr. VP - Chief Financial Officer | Leadership |
Sarah Boyle | 2nd Vice President - Branch Manager | Leadership |
Robin Thomas | VP Branch Manager | Leadership |
Philip Yanick | 1st VP - Risk, First State Bank | Leadership |
Amy Persyn | Chief Marketing Officer | Leadership |
Krista Pannecouk | Consumer Loan Underwriter | Team |
Karrie Andronikidis | Mortgage Loan Processor | Team |
Tina Duspiva | Customer Service Representative | Team |
Marjana Djekovic | Relationship Banker | Team |
Laura Ruggirello | Branch Manager | Team |
Maria M. | Branch Manager | Team |
Brad Phleeger | Credit Manager | Team |
21 more people are available in the full profile.
Complete people profiles for First State Bank
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of First State Bank
4 dated milestones of First State Bank across 99 years, from founding to its latest funding, stage changes and deals.
- Founded First State Bank is founded.
- Exit Acquired by Guaranty Bank & Trust.
- Funding First funding round of $16.0M.
- Funding Latest funding round, Private Equity Round, of $6.5M.
Competitors of First State Bank
First State Bank has 3 listed competitors in our database, 1 of them funded. They include Truist, First Republic Bank and Equity Bank.
| 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. | ||
| firstrepublic.com | 1985 | San Francisco, United States | 7,065 | Commercial bank | ||
| equitybank.com | 2002 | Wichita, United States | $89.7M | Commercial banking services are provided to businesses and individuals. |
Detailed competitors of First State Bank
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Web traffic of First State Bank
The website of First State Bank (fsb.bank) receives about 38.1K visits a month and ranks #1,159,782 among all websites worldwide, #11,783 in Banking Credit and Lending.
- Monthly visits38.1K
▲ 42% vs previous month
- Unique visitors9.7K
per month
- Global rank#1,159,782
among all websites
- Category rank#11,783
Finance · Banking Credit and Lending
- Bounce rate51%
- Pages per visit1.5
- Average visit46 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with First State Bank. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| firststatebank.biz | 100% | 35K | #1,111,920 | View details | |
| keysbank.com | 99% | 49.7K | #957,418 | View details | |
| fsblouise.com | 98% | #1,737,272 | View details | ||
firststatebnk.bank | firststatebnk.bank | 97% | #916,385 | – | |
bfirst.bank | bfirst.bank | 95% | #2,058,221 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for First State Bank
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Related news about First State Bank
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Frequently Asked Questions about First State Bank
First State Bank was founded in 1917 and raised its 1st funding round 99 years after it was founded.
First State Bank is headquartered in Chesterfield, United States. It is registered at Chesterfield, Missouri, United States.
First State Bank is a funded company, having raised a total of $6.5M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $16M, raised on Oct 2016.
First State Bank has 6 employees.
First State Bank is engaged in offering community banking services across Southeast Michigan. A wide range of financial solutions, including personal and business banking, mortgage loans, and investment services, are provided. The bank serves various sectors such as municipal and nonprofit industries with tailored solutions. Digital banking options and community involvement initiatives are also supported to enhance customer experience and local impact.
First State Bank's top competitors include Truist, First Republic Bank and Equity Bank.
First State Bank offers Personal Banking, Mortgage Loans, and Business Banking.
First State Bank has 1 investor. Key investors include GNTY.
First State Bank operates through First State Bank.
Yes. First State Bank was acquired by Guaranty Bank & Trust in April 2013.