The Lifecycle of a Community Bank

By Scott Perkins, FCNB President & CEO

business Photo of Scott Perkins

The idea of “sustainability” is linked to a lot of our local activities these days—whether it’s reusing or recycling products, sampling culinary delights from the local bakery, or choosing to buy American-made products to support our national economy. There are plenty of reasons why eating, dining and banking locally makes good economic sense.

If you’ve ever participated in a career day at a local elementary school, you’ll probably relate to this story. A banking colleague visited her son’s kindergarten class, and while she was explaining the role of a community banker, one eager child piped up and said, “It’s like the lifecycle of a plant!”

He was right. Community banks like FCNB Bank take in deposits and distribute loans that feed into a self-sustaining micro-economy and keep funds right here in our Missouri communities.

It’s all part of a symbiotic relationship that community banks have with their communities. When you deposit money at FCNB Bank, those funds are used to support local businesses, homebuyers, and everyday consumers. And the proceeds from those businesses employ residents, fund municipalities, and continue the cycle of locally based economic growth.

April is Community Banking Month, and I want to thank our customers for putting their trust in us for their banking needs. For our neighbors who may be considering a switch, I implore you to take a closer look at FCNB Bank to discover how we can help you realize your financial dreams.

Remember, we’re all in this together. Community banks like mine are only successful if our customers and communities are, too. That’s why community banks and their relationship business model have thrived for more than 150 years. We know what it takes to create successful local economies. Join us in helping to build a more sustainable, vibrant economy here at home!

 

Introducing… Cents 2 Save

Cents 2 Save program

Request enrollment in FCNB’s Digital Banking 

 

FCNB Bank converts to state charter

FCNB Bank converts to state charter

FCNB Bank headquartered in Steelville, Missouri recently converted to a state-chartered bank through the Missouri Division of Finance. Celebrating the milestone is the FCNB Board of Directors, from L to R: Randy Bono, Herbert J. Baumann, John W. Perkins, Rosella Roberts, John Hewkin, Paul E. Perkins, Scott Perkins, Julie Settles, James D. Cottrell, Anita Agers-Brooks and Scott Gahr.

The Missouri Division of Finance welcomed First Community National Bank as a State-charted bank effective November 10, 2021. With the conversion from a national charter to a state charter, the name of the bank has officially changed to FCNB Bank with headquarters in Steelville, Missouri.

“As a community bank, FCNB Bank is a family-owned, locally operated, independent organization that strives to provide banking as it should through customer relationships,” commented FCNB Bank’s President & CEO Scott Perkins. “With our conversion to a state-chartered bank, we will substantially benefit from ensured safety and soundness, reduced regulatory costs and the advocacy to provide local lending decisions. It’s an exceptional move for our bank and our customers.”

With regulatory authority now provided by The Missouri Division of Finance, FCNB Bank will partner with experienced examiners that are knowledgeable of local economic conditions and provide a common-sense approach to community banking. As a longstanding member of the Federal Deposit Insurance Corporation, deposits will continue to be insured up to $250,000 per customer.

Originally established as the Bank of Leasburg on March 16, 1906, FCNB Bank has been family-owned and operated by the Perkins family of Steelville since 1961. Under the current leadership of Chairman of the Board Paul E. Perkins, President & CEO Scott Perkins and FCNB Insurance and Investments President Julie Perkins Settles, FCNB Bank remains a strong and progressive independent community bank with $159 million in assets serving the communities of Steelville, Cuba, Sullivan, Rolla and Eureka with six branch and ATM locations.