First Trust and Savings Bank on Your Credit Report
In short: Operating 8 FDIC-reported offices from a head office in Wheatland, Iowa, First Trust and Savings Bank is a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator under FDIC certificate 8752. The charter dates to January 1, 1905 and the most recent call report, dated 06/30/2026, shows $321 million in total assets. As an original creditor, First Trust and Savings Bank is the furnisher on its own tradelines, not an assignee of someone else's. Information that is inaccurate, incomplete, or unverifiable can be disputed under the FCRA. Outcomes depend on what the furnisher can verify, and results vary.
Who First Trust and Savings Bank actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
First Trust and Savings Bank holds FDIC certificate 8752 from a charter dated January 1, 1905, running 8 FDIC-reported offices out of Wheatland, Iowa against $321 million in reported assets.
How First Trust and Savings Bank appears on your credit report
First Trust and Savings Bank furnishes this tradeline directly rather than acquiring it, so the underlying documentation sits with the bank itself. With an Iowa charter and 8 FDIC-reported offices, First Trust and Savings Bank adjudicates these disputes internally. Put it in writing, name the specific field you say is inaccurate, and file the §611 dispute alongside it. No outcome is promised — what happens depends on the underlying documentation.
Names it may report under
Products that commonly show up
- ◆Deposit-linked overdraft lines attached to First Trust and Savings Bank checking accounts
- ◆Installment loans originated across the 8 Iowa offices of First Trust and Savings Bank
- ◆Construction and lot loans underwritten locally by First Trust and Savings Bank in Wheatland
Grounds to dispute a First Trust and Savings Bank entry
Each of these is a reason a First Trust and Savings Bank tradeline may be inaccurate or unverifiable. None of them assures removal — they are the angles worth checking on your own report.
- ◆Deferment or modification agreed with First Trust and Savings Bank not reflected in the monthly status
- ◆First Trust and Savings Bank account reported in the name of a co-signer who never signed
- ◆Charge-off reported by First Trust and Savings Bank without the underlying itemization on file
- ◆Account balance or credit limit reported incorrectly
- ◆Payment reported late when it was made inside the grace period
- ◆Date of first delinquency re-aged to extend how long it can report
- ◆Account still reporting as open after it was closed, or vice versa
- ◆Duplicate tradeline for the same account after an internal transfer
- ◆Account belongs to someone else with a similar name, or is the result of identity theft
Disputing an original creditor is not the same as disputing a collector
First Trust and Savings Bank is an original creditor — the institution whose name was on the account when it was opened. That matters for two reasons. First, the FDCPA, which governs debt collectors, generally does not apply to a creditor collecting its own debt in its own name, so the “debt validation” request that works against a collection agency is not the right tool here. Second, as the furnisher of the tradeline, First Trust and Savings Bank has direct obligations under FCRA §623 to investigate a dispute you send it and to correct or delete information it cannot verify as accurate.
Dispute with the bureaus — FCRA §611
File with Equifax, Experian and TransUnion. They must generally investigate within 30 days and tell the furnisher. Free, and you can do it yourself.
Dispute with the furnisher — FCRA §623
Send First Trust and Savings Bank a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
First Trust and Savings Bank questions, answered
Is First Trust and Savings Bank FDIC-insured, and under what certificate?
It is insured, and certificate 8752 is the number to quote. The FDIC lists a state-chartered bank that is not a member of the Federal Reserve System, supervised by the FDIC and its state regulator, headquartered Wheatland, IA, chartered January 1, 1905, reporting $321 million and 8 offices as of 06/30/2026.
Which regulator oversees First Trust and Savings Bank?
Supervision sits with the FDIC and its state banking regulator. When both the §611 bureau dispute and the §623 direct dispute to First Trust and Savings Bank come back "verified" and your documents say otherwise, the CFPB complaint portal is the next step, and FCRA §§616–617 preserve a private right of action. Send your written record to the First Trust and Savings Bank head office in Wheatland, Iowa.
How many credit-card complaints does the CFPB show against First Trust and Savings Bank?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched First Trust and Savings Bank exactly, and we will not approximate one by partial-name matching — that routinely pulls in unrelated companies with similar names. Rather than imply a count we cannot source, we leave it out. The database is public and searchable at consumerfinance.gov.
How long can a First Trust and Savings Bank charge-off stay on my credit report?
Seven years from the first delinquency that was never cured — not from the charge-off, not from a sale, and not from the date First Trust and Savings Bank last updated the line. If that date moves forward between two pulls, that is re-aging and it is disputable on its own.
What is the difference between disputing with First Trust and Savings Bank and disputing with a collector?
Go to whoever holds the documents. First Trust and Savings Bank has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to First Trust and Savings Bank tends to produce a substantive answer rather than a rubber-stamp verification.
Does First Trust and Savings Bank report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so First Trust and Savings Bank — 8 offices in Iowa — may report to one or two bureaus rather than all three. Compare the three files side by side: differing balances are usually timing, but differing account status or first-delinquency dates are disputable.
I see duplicate First Trust and Savings Bank tradelines — is that allowed?
One account showing twice is a classic conversion artifact. First Trust and Savings Bank has operated since 1905, and a charter that old has usually been through at least one core-system migration. An account may legitimately appear under a predecessor name, but the same debt must not report twice with two balances. Dispute the duplicate and name both tradelines.
Can I dispute a First Trust and Savings Bank account myself without paying anyone?
No payment is required. Writing to the bureaus under §611 or to First Trust and Savings Bank under §623 costs you postage. Paid help is optional and cannot unlock anything extra; results depend entirely on what the documentation shows, and accurate entries stay put.
Where is First Trust and Savings Bank headquartered, and does that affect my dispute?
First Trust and Savings Bank is headquartered in Wheatland, Iowa, with 8 FDIC-reported offices. Headquarters does not change your federal rights — the FCRA applies identically everywhere — but it does tell you which state banking regulator shares oversight, which matters if you escalate past the CFPB.
Other creditors on credit reports
This page is general information about consumer rights, not legal advice, and does not create an attorney-client relationship. Crowned Credit is not affiliated with, endorsed by, or sponsored by First Trust and Savings Bank; company names are used only to identify the institution a consumer may see on a credit report. Crowned Credit does not promise any particular outcome; results vary by individual circumstances and by what a furnisher is able to verify. Accurate, verifiable information generally cannot be removed from a credit report. You have the right to dispute inaccurate information yourself, for free, directly with the credit bureaus and with the furnisher.
Ready to Improve Your Credit Score?
Take the first step towards financial freedom today. Schedule your free consultation with our credit repair experts.