Company Overview

FB Bancorp, Inc. (FBLA) is a bank holding company operating in the community banking and financial services industry. The company conducts substantially all of its business activities through its wholly owned banking subsidiary, Fidelity Bank, which provides traditional retail and commercial banking products. Its primary revenue drivers include net interest income from loans and investments, as well as non-interest income from deposit service fees and related banking services.

The company primarily serves small to mid-sized businesses, professionals, and individual consumers, with a strategic focus on relationship-based community banking. FB Bancorp’s positioning emphasizes localized decision-making, personalized service, and conservative credit practices. The company was formed as a holding company to support the growth and capital management of Fidelity Bank, which has operated as a community bank for decades; however, specific founding dates and early historical milestones vary across public disclosures, and certain historical details are data inconclusive based on available public sources.

Business Operations

FB Bancorp operates through a single reportable operating segment, community banking, conducted entirely via Fidelity Bank. The bank offers a range of products including commercial and consumer loans, residential and commercial real estate lending, business checking and treasury services, savings and money market accounts, and certificates of deposit. Revenue is generated primarily from interest earned on loans, supplemented by service charges and fees.

Operations are predominantly domestic, with no material international banking activities disclosed in public filings. The company controls standard banking infrastructure, including branch locations, digital banking platforms, and lending operations. There are no publicly disclosed material joint ventures, and the company’s structure is centered on its wholly owned banking subsidiary, with any additional subsidiaries serving administrative or support functions.

Strategic Position & Investments

FB Bancorp’s strategic direction centers on organic loan and deposit growth, disciplined credit underwriting, and expansion within its existing regional footprint. Growth initiatives have historically included selective branch expansion, investment in digital banking capabilities, and targeted commercial lending to owner-operated businesses and professional services firms.

The company has pursued acquisitions on a limited and opportunistic basis when aligned with its community banking strategy, though no transformational acquisitions or diversified non-banking investments have been consistently disclosed across public sources. FB Bancorp does not report material exposure to emerging technologies outside of standard banking technology modernization, and details on fintech partnerships or minority investments are data inconclusive based on available public sources.

Geographic Footprint

FB Bancorp’s operations are concentrated in the Southeastern United States, with its headquarters and core market presence in North Carolina. Through Fidelity Bank, the company maintains branch locations and lending operations across multiple communities within the state, focusing on local and regional markets rather than national coverage.

The company does not report operations or investments outside the United States, and its geographic strategy emphasizes deep market penetration in its core regions rather than broad geographic diversification. Its influence remains primarily regional, aligned with its community banking model.

Leadership & Governance

FB Bancorp is led by an executive team with deep experience in community banking, emphasizing conservative risk management, long-term shareholder value, and relationship-driven growth. Leadership continuity and local market knowledge are central to the company’s governance approach.

Key executives include:

• Ed Wallace – President and Chief Executive Officer
• Jim Miller – Chief Financial Officer
• Rick Spillman – Chief Credit Officer
• Jeff Portman – Chief Banking Officer

The leadership philosophy prioritizes disciplined growth, strong capital levels, and community engagement. While board composition and committee structures are disclosed in regulatory filings, detailed governance practices beyond standard banking oversight are data inconclusive based on available public sources.