First Bank & Trust

Issuer: First Bank & TrustFirst Bank and Trust

Headquarters:Brookings, South Dakota

Parent Company: Fishback Financial Corporation

Website: First Bank & Trust

FDIC Status: First Bank & Trust (FDIC Cert: 3973) is FDIC Insured. First Bank & Trust has been FDIC insured since January 1, 1934. It was established on November 2, 1925.

Check First Bank & Trust’s FDIC Status

Overview of First Bank & Trust (and their parent, Fishback Financial Corporation)
First Bank & Trust is a bank owned by Fishback Financial Corporation (FFC). FFC is one of South Dakota’s largest privately held financial holding companies with five subsidiary banks and assets totaling nearly $1.6 billion. The present First Bank & Trust celebrated its opening on November 2, 1925. Security National Bank, as it was then known, opened its doors during an extremely difficult time for business in South Dakota. Three Brookings banks had failed and a fourth bank failure was imminent. The local paper reported, “The new bank starts off with the brightest of prospects for a splendid business career, with the confidence of the entire community and the realization that it is filling a real need in Brookings.”

First Bank & Trust is the issuer for a number of prepaid debit card programs, including the affinity debit cards from Tempo, and the Revolution Money cards (although this may change now that Revolution Money has been acquired by American Express).

Stock Symbol:
Corporate Headquarters:

Debit Cards

READYdebit Visa READYdebit Prepaid Visa Card (“Control” Plan with No Direct Deposit)

For those prepaid card looking for a prepaid card with a lot of powerful features including a FREE credit score tracker, the READYDebit Control Visa card might be the card you need. READYdebit is constantly trying to get their customers more value on banking products. Consumers lose billions of dollars every year to the big banks from those crazy overdraft and checking fees. The READYdebit “Control” plan Visa card is designed to help you eradicate those fees.
Read More

BillMyParents Teen Spend Smart MasterCard BillMyParents Reloadable Spend Smart MasterCard

Whether you’re a teenager looking for some financial independence and responsibility, or a parent wanting security, flexibility and peace of mind, the BillMyParents Teen MasterCard could be the card for you! Teen’s can’t spend more than their prepaid balance. It’s simple: parents just load the card, teens do the shopping and BOTH track the spending with text and email alerts! The card has fantastic features needed to help create good financial management skills and its fees are some of the lowest in the industry!
Read More

Student UPside Visa Prepaid Card

This teen debit card is one of our favorites. The team at UPside has really come through again, this time creating a prepaid debit card for teens that has all the features a parent needs to control teen spending, and all the things that teens love (like freedom, great card designs). Read More

BuyRight.Com has come up with a pretty compelling package — a card that let’s you earn tons of reward points (and use them to buy stuff like cell phone minutes, calling cards, etc.). Read More

Western Union MoneyWise Prepaid MasterCard debit card Western Union MoneyWise Prepaid Mastercard

The Western Union MoneyWise prepaid MasterCard offers one of the lowest fee values found in the prepaid card realm. If you desire a low fee card that is straight forward and simple to use, then check out the MoneyWise Mastercard. The MoneWise prepaid card is really a great way to pay for your everyday expenses. Read More

Vision Preferred Visa prepaid card without Direct Deposit Vision Preferred Visa Prepaid Debit Card (no Direct Deposit)

The Vision Preferred Visa debit card without direct deposit offers great features and flexibility to cardholders. You can shop at any merchant recognizing the Visa logo, save loads of money in check cashing fees, and track your spending online. Read More

Corporate Overview
Recent News Items
  • Prepaid Gift Cards as Christmas Savings Accounts

    Think it’s a bit early to be thinking about holiday shopping? Some issuers of prepaid gift cards don’t think so. Many retailers are hoping to boost holiday sales this year by promoting “Christmas Club Accounts”.

  • TransCash Awarded US Patent on their Prepaid Card System

    TransCash, Corp. today announced that they have been awarded US Patent Number 7,581,674 B2 entitled “Financial Transaction System and Method”.

  • New Jersey Senate to Feds: Increase Regulation of Prepaid Cards

    The full New Jersey State Senate today approved a resolution that calls on the Board of Governors of the Federal Reserve to increase regulations on the prepaid debit card industry. The resolution’s sponsor noted that as these cards continue to grow in popularity, more and more consumers have become frustrated by the litany of hidden fees imposed by an industry that preys on both the young and the poor while its revenue is expected to balloon to over $100 billion in the next several years.

  • Prepaid Exaggerations

    Dec 20, 2011 — As a larger and larger percentage of the population enters the prepaid debit card market, there are exaggerations and untruths perpetuated nationwide. When using any financial tool, there are methods that can financially benefit cardholders, while others that can be quite detrimental to the pocketbook. Below are a few prepaid card […]

  • Comments on Interchange Rules: Sentiment Favors Banks

    The comment period on the rules proposed by the Federal Reserve Board that would establish debit card interchange fee standards and prohibit network exclusivity arrangements and routing restrictions expires on February 22, 2011. As of today, 67 comments have been submitted regarding the proposed rules. Based on a review of a number of those comments, the overall sentiment appears to be in opposition to the rules in their current form.