FB BanCorp · Sparks, NV United States
Company Description
Phone: 775-673-4566
Fax: 775-674-4004
Toll Free: 800-492-3276
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This link will open in a new window FB BanCorp serves folks who want to do their banking without leaving the farm. The company is the parent of Farm Bureau Bank, which provides traditional deposit and lending services via phone, mail, or the Internet, rather than through bricks-and-mortar branches. Products and services include savings and checking accounts, money market accounts, and Health Savings Accounts. The company also offers credit cards, auto loans, residential and rural mortgages, and lines of credit to small businesses. FB BanCorp was launched in 1999 through the financial backing of 40 state Farm Bureau federations and insurance company investors. To read the full description, subscribe now.
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Key FB BanCorp Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $48.7 |
| Employees | 80 |
FB BanCorp Executives
1 executives listed for FB BanCorp's Sparks, NV location.
| Title | Name & Bio | Contact |
| President and CEO | Larry Lanie | Network |
Competition
Competitive Landscape for FB BanCorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top FB BanCorp Competitors
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