The Organizers of 1st Trust Bank decided to establish the Bank because of their belief in the value of customer service. On June 2, 2004, the Organizers filed an application with the KOFI for permission to operate a state-chartered bank, as well as an application with the FDIC for deposit insurance for Bank deposits. On December 13, 2004 KOFI and the FDIC granted 1st Trust Bank their banking charter and insurance.