The First Bank and Trust Company on Your Credit Report
In short: The First Bank and Trust Company is a state-chartered bank that IS a member of the Federal Reserve System, supervised by the Federal Reserve and its state regulator, operating from Lebanon, Virginia. FDIC records place the charter's origin at August 3, 1979 and assign it certificate 22918. The 06/30/2026 call report lists $4.28 billion in assets across 35 FDIC-reported offices. Because First Bank and Trust Company originates its own paper rather than buying it, the documentation behind any tradeline sits with the bank — which is what makes a §623 direct dispute worth filing here. 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 The First Bank and Trust Company actually is
Charter details above are from the FDIC BankFind public database.
What makes this creditor different
The First Bank and Trust Company holds FDIC certificate 22918 from a charter dated August 3, 1979, running 35 FDIC-reported offices out of Lebanon, Virginia against $4.28 billion in reported assets.
How The First Bank and Trust Company appears on your credit report
The First Bank and Trust Company furnishes this tradeline directly rather than acquiring it, so the underlying documentation sits with the bank itself. With a Virginia charter and 35 FDIC-reported offices, First Bank and Trust Company 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 Bank and Trust Company checking accounts
- ◆Installment loans originated across the 35 Virginia offices of First Bank and Trust Company
- ◆Construction and lot loans underwritten locally by First Bank and Trust Company in Lebanon
Grounds to dispute The First Bank and Trust Company entry
Each of these is a reason The First Bank and Trust Company 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 Bank and Trust Company not reflected in the monthly status
- ◆The First Bank and Trust Company account reported in the name of a co-signer who never signed
- ◆Charge-off reported by First Bank and Trust Company 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
The First Bank and Trust Company 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, The First Bank and Trust Company 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 The First Bank and Trust Company a direct written dispute. It must investigate and must not continue reporting information it knows is inaccurate. Keep copies and proof of delivery.
The First Bank and Trust Company questions, answered
Is The First Bank and Trust Company FDIC-insured, and under what certificate?
It is insured, and certificate 22918 is the number to quote. The FDIC lists a state-chartered bank that IS a member of the Federal Reserve System, supervised by the Federal Reserve and its state regulator, headquartered Lebanon, VA, chartered August 3, 1979, reporting $4.28 billion and 35 offices as of 06/30/2026.
Which regulator oversees The First Bank and Trust Company?
Supervision sits with the Federal Reserve and its state banking regulator. When both the §611 bureau dispute and the §623 direct dispute to First Bank and Trust Company 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 Bank and Trust Company head office in Lebanon, Virginia.
How many credit-card complaints does the CFPB show against The First Bank and Trust Company?
No number is published here. When we queried the CFPB credit-card complaint data, no company key matched The First Bank and Trust Company 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 First Bank and Trust Company 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 Bank and Trust Company 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 The First Bank and Trust Company and disputing with a collector?
Go to whoever holds the documents. The First Bank and Trust Company has the signed application and the posting history; an assignee generally has a spreadsheet row. That is why a §623 direct dispute to First Bank and Trust Company tends to produce a substantive answer rather than a rubber-stamp verification.
Does The First Bank and Trust Company report to all three credit bureaus?
Furnishing is voluntary under the FCRA, so The First Bank and Trust Company — 35 offices in Virginia — 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 The First Bank and Trust Company tradelines — is that allowed?
One account showing twice is a classic conversion artifact. The First Bank and Trust Company has operated since 1979, 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 First Bank and Trust Company account myself without paying anyone?
No payment is required. Writing to the bureaus under §611 or to First Bank and Trust Company 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 The First Bank and Trust Company headquartered, and does that affect my dispute?
The First Bank and Trust Company is headquartered in Lebanon, Virginia, with 35 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 The First Bank and Trust Company; 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.
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