Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Paycheck Protection Program (PPP) loans have been a welcome relief for small businesses across the country, and FB&T was proud to help approximately 98 local businesses in 2020. Recently enacted federal legislation will restart PPP and we are working diligently to make it easy for you to apply and provide you with the experience you have come to expect from First Bank & Trust.
The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Below are resources to learn more, as well as an application.
PPP Overview
SBA Final Rule
PPP Borrower Information Sheet
PPP Borrower Application
We are still here to serve you while we practice social distancing.
If access to our lobby is critical, please call us to discuss alternatives.
Perry (580)336-5562
Billings (580)725-3222
Covington (580)864-7421
Pawnee (918)762-2503
The First National Bank of Pawnee (FNB) has entered into an agreement to merge and be acquired by First Bank & Trust Company, headquartered in Perry, Oklahoma (FB&T). This transaction is subject to regulatory approvals and other contractual conditions with an anticipated closing date of February 14, 2020.
The First National Bank of Pawnee has been a family-owned bank since 1894. They are currently the oldest community bank in Oklahoma for their asset size. Clark Shouse Sr., FNB’s Chairman of the Board, said, “For more than twelve decades, The First National Bank of Pawnee has proudly served Pawnee County and the surrounding area, playing a major role in the economic and cultural development of the area. However, a bank is more than a building and financial resources—it is people. The strength of the bank is both its employees and the customers they are dedicated to serving. It is this commitment to the people that gives us confidence in the acquisition of the bank by First Bank and Trust Company of Perry to ensure its future growth and success. We are excited about the new opportunities this merger brings to our community”.
FB&T’s Chairman of the Board, William J. Baker, stated, “FB&T is community owned with over 180 shareholders and is extremely excited to expand our footprint into Pawnee County. FB&T has accumulated sufficient capital to provide a smooth transition and remains ranked in the top 25 banks in Oklahoma. The pride and service FNB has displayed over the years mirrors that of FB&T, and we plan to continue the tradition of building strong relationships. We will strive to expand our brand promise to be Loyal, Dedicated, Neighborly, and Progressive in Pawnee County”.
Pawnee will become the fourth location for FB&T, adding to their branches in Billings and Covington, Oklahoma. After the merger, FB&T is expected to have approximately $200 million in assets and remain well capitalized. Both FNB and FB&T share the traditional community banking model, holding the timeless values of service and responsibility to their customers and market areas as their mission statements. FB&T will continue to build upon the legacy set forth by FNB’s Berry and Shouse families, offering a wide range of products and services, utilizing first-class technologies, and hands-on personalized attention. Together, with a remarkable staff from FNB joining the FB&T team, they look forward to continuing as the “First” choice in banking.
