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


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.