FirstBank & Trust (TX) Adds Competitive 15-Month CD Special


Availability: Market area includes the Texas Counties of Lubbock, Lynn, Mitchell, and Scurry.

Last week, FirstBank & Trust added a new 15-month CD Special (1.40% APY) to its product line. This limited time offer requires a minimum opening deposit of $10K, although the minimum balance to earn the stated 1.40% APY is $1K. In addition, there is a $245K balance cap.

According to CSR, the Early Withdrawal Penalty is dependent on when the withdrawal occurs:

  • Within 3-5 months, 30 days interest
  • Within 6-11 months, 90 days interest
  • 1 year or greater, 180 days interest


Headquartered in Lubbock, FirstBank & Trust’s market area includes the Texas Counties of Lubbock, Lynn, Mitchell, and Scurry.

Opening an account with FirstBank & Trust requires an in-person visit to any of eight Texas branches, located in Colorado City, Lubbock (4), Snyder, Tahoka, and Wilson. Currently, FirstBank & Trust’s online banking platform is dedicated to day-to-day banking needs, such as account management and bill payments.

Bank Overview

FirstBank & Trust has an overall health rating of "A" at, with a Texas Ratio of 11.12% (excellent), as of June 30, 2015 data. In the past year, FirstBank & Trust has increased its total deposits by $145.16 Million, an excellent annual growth rate of 26.65%. Please refer to our financial overview of FirstBank & Trust for more details.

While FirstBank & Trust (FDIC Certificate #14778) is a young bank (founded in 1996), its story reads more like a scenario from the early 1900s: a man promises his wife and his friends that he would "start a bank that would become profitable through relationships, hard work, and determination." That’s exactly what Barry Orr (current FirstBank & Trust Chairman and CEO) said and did. As FirstBank & Trust approaches its 20th anniversary, the Bank’s assets have grown to over $797 Million, as its market area as expanded, including the acquisition of three Texas banks.

How the CD Compares

When compared to the 324 similar length-of-term CDs tracked by that are available to Texas residents, FirstBank & Trust’s 15-Month CD Special currently ranks fourth, regardless of minimum deposit requirements.

The above rates are accurate as of 9/21/2015.

To search for nationwide CD rates and CD rates in your state, please refer to the CD rates section of

Related Pages: First Bank & Trust (Lubbock, TX), Lubbock, Abilene