September 23, 2014 11:22 PM ET


Company Overview of First Trust Bank

Company Overview

First Trust Bank provides various commercial banking services and products to individuals, professionals, and small and mid-sized businesses in North Carolina. It offers checking accounts, including first fund accounts, interest checking accounts, personal checking accounts, 55-plus interest checking accounts, and first choice accounts; and savings accounts, such as premium money market account, personal savings account, certificates of deposits, jumbo certificates of deposit, and individual retirement accounts. The company also provides debit and credit cards, online and telephone banking services, ATM services, and personal overdraft facility; and loans comprising home equity line and loan...

1420 East Third Street

Charlotte, NC 28204

United States

Founded in 1998





Key Executives for First Trust Bank

Age: 65
Age: 61
Chief Financial Officer
Age: 65
Chief Operating Officer and Senior Vice President
Age: 58
Chief Credit Officer and Senior Vice President
Age: 56
Compensation as of Fiscal Year 2014.

First Trust Bank Key Developments

First Trust Bank to Close Four Branches in Northern Ireland

The First Trust Bank announced that it is to shut four branches in Northern Ireland. The branch in Ballymoney, Co Antrim, is due to close at the end of September with the shutters coming down on two branches in Belfast and a fourth in Ballynahinch, Co Down, by the end of November. The closures are part of an ongoing restructuring programme, according to the bank and the announcement follows the decision by the Ulster Bank to lay off as many as 1,800 staff and close up to 40 branches, the vast majority in the Republic.

First Trust Bank to Close Six Branches in North

First Trust Bank has confirmed that it will close six branches in Northern Ireland by June 2013. Staff at the branches are to be offered other positions or voluntary severance. There will be no forced redundancies. Branches at Belfast's Cregagh Road, Ballyclare and Limavady are due to close in May 2013 followed by Larne, Holywood and Fortwilliam, also Belfast.

First Trust Bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

First Trust Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net income of $0.9 million or $0.19 per diluted share compared to $1.4 million or $0.30 per diluted share for the third quarter of 2011. Net interest income was $3.4 million compared to $3.7 million reported a year ago. For the nine months, the company reported net income of $2.9 million or $0.61 per diluted share compared to $1.6 million or $0.33 per diluted share for the third quarter of 2011. Net interest income was $10.5 million compared to $1.02 million reported a year ago.

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