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First State Bank in Key West, FL

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First State Bank's Key West, FL location at 1201 Simonton St offers banking services to the island community.

Data compiled from public sources

First State Bank Review

Located at 1201 Simonton St in downtown Key West, FL, First State Bank provides banking services to the island community. This Key West branch sits in the heart of the city's central business district, making it accessible to both residents and visitors. While posted hours are not available online, you can call ahead to confirm when the branch is open.

The First State Bank location in Key West offers personal and business banking services, including checking and savings accounts, loans, and financial guidance. Visit the Simonton St branch to open an account, make deposits, or discuss your banking needs with knowledgeable local staff.

For Key West residents seeking convenient local banking, this First State Bank branch provides on-island services without requiring travel to the mainland. Bring valid identification and relevant financial documents when visiting. The downtown Key West location puts banking services within walking distance of most island neighborhoods.

Services & Features

24/7 debit card assistance
24/7 telephone banking
Business checking and savings accounts
Credit card and debit card processing for businesses
FDIC deposit insurance coverage
Instant-issue debit cards
Mobile check deposit via KeysBank app
Online banking portal with login access
Personal checking and savings accounts
Residential mortgage loans (purchase and refinance)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • FDIC-insured deposits backed by full faith and credit of U.S. Government
  • 24/7 telephone banking and card assistance available to customers
  • Mobile deposit capability through KeysBank app for anytime check deposits
  • Instant-issue debit cards available for immediate use
  • Residential mortgages with both fixed and adjustable rate options
  • Active community involvement with documented charitable donations and sponsorships
  • Credit card and debit card processing services available for businesses

Cons

  • Limited geographic footprint restricted to Florida Keys area, not available nationwide
  • No mention of competitive interest rates or fee structures for accounts
  • Limited information about business loan products or lines of credit availability

State Consumer Finance Context

This is state-level context for Banks consumers in Key West, FL. It does not confirm that First State Bank or this specific location is licensed.

State regulator

Florida Office of Financial Regulation

Key state rules to check

  • Payday loans (deferred presentment) capped at $500 with maximum fee of $10 per $100 ($300) or $15 per $100 ($300-$500).
  • Borrowers can have only one outstanding payday loan at a time, tracked via a statewide database.
  • A mandatory 24-hour cooling-off period is required between payday loans.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does First State Bank offer?

First State Bank offers 10 services including Personal checking and savings accounts, Business checking and savings accounts, Online banking portal with login access, 24/7 telephone banking, 24/7 debit card assistance, and 5 more.

What profile signals are listed for First State Bank?

First State Bank has profile signals associated with Florida Keys residents seeking personalized community banking relationships, Small business owners in the Key West area needing payment processing and commercial accounts, Homebuyers in the Keys market looking for residential mortgage financing, Customers prioritizing local bank support and community-focused financial institutions.

What are the strengths and weaknesses of First State Bank?

Key strengths: FDIC-insured deposits backed by full faith and credit of U.S. Government; 24/7 telephone banking and card assistance available to customers; Mobile deposit capability through KeysBank app for anytime check deposits. Areas to consider: Limited geographic footprint restricted to Florida Keys area, not available nationwide; No mention of competitive interest rates or fee structures for accounts.

How does First State Bank compare to similar companies?

In the Banks category, comparable providers include American Momentum Bank, Crews Bank & Trust, EdFed. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
1955
Headquarters
Key West, FL
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #17509
Visit First State Bank

CreditDoc Profile Note

Research Note on First State Bank

First State Bank of Florida Keys is profile signals for residents and business owners in the Florida Keys region who value personalized service and community banking relationships. The primary caveat is geographic limitation—this is a regional bank serving only the Florida Keys area, making it unsuitable for customers outside this region.

Profile Signals

  • Florida Keys residents seeking personalized community banking relationships
  • Small business owners in the Key West area needing payment processing and commercial accounts
  • Homebuyers in the Keys market looking for residential mortgage financing
  • Customers prioritizing local bank support and community-focused financial institutions
Updated 2026-05-08

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Quick Summary

  • First State Bank is listed as a Banks provider in Key West, FL on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
  • If you need a loan, account, installment option, credit help, or debt support, start with the fit quiz and compare alternatives before contacting a provider.
  • For broader context, continue into the free Credit Fundamentals course or a relevant financial wellness guide.

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