Press Release

David McCoy Joins FNBT as CFO

Release date: 10/31/2016

Beloit, WI - Steve Eldred, President and Chief Executive Officer of First National Bank and Trust (FNBT) is pleased to announce that David McCoy, CPA, has joined the company as Executive Vice President and Chief Financial Officer. 

In this role, he is responsible for aligning financial goals and reporting with the bank’s strategic plan, assuring safe and sound risk management practices, and communicating financial results to every team member at First National. As part of the bank’s executive management team, McCoy will participate in the overall management of the bank, ensure the accuracy and timeliness of financial statements and reports, and lead the bank’s asset-liability committee.

Photo of David McCoyWith over 30 years of banking and executive leadership experience, McCoy comes to FNBT from The National Bank & Trust Company headquartered in Sycamore, Illinois where he was the senior vice president and chief financial officer. Prior to that, McCoy was executive vice president on the board of directors at Algonquin State Bank in Algonquin, Illinois. He was director of risk management services for RSM McGladrey from 2005 to 2006, and was on the executive management team as senior vice president, chief financial officer and enterprise risk management officer for Fifth Third Bank from 1993 to 2004.

“David’s vast experience in risk management, his leadership skills in financial management as CFO for larger banks, and his focus on process improvement and business development will help lead First National Bank and Trust into the future,” said Eldred. 

McCoy earned an associate’s degree from Ohio Valley College in Parkersburg, West Virginia, and earned his bachelor’s degree in business administration from Harding University in Searcy, Arkansas. He is licensed in Illinois as a certified public accountant (CPA), and belongs to the Illinois Society of CPAs and is a member of the American Institute of CPAs (AICPA). McCoy has completed many industry related courses, including the SNL Executive Program in Bank Financial Leadership through the University of Virginia.

Currently, McCoy serves as an elder for the Edgebrook Lane Church of Christ in Sycamore, Illinois, where he was also treasurer for the past 16 years and teaches Bible classes and lessons regularly. He is a former board member for the Northern Illinois College of Business, Belief Program for Building Ethical Leaders Using an Integrated Ethics Framework in Business and he frequently presented as a guest speaker. With an affinity for jazz music, McCoy also held several board-level positions for the non-profit group, St. Charles North Friends of Music. He and his wife, Kathy, have three children and reside in St. Charles, Illinois.

McCoy replaces Donna Beilfuss who announced her retirement earlier this year after 20 years with FNBT. 

First National Bank and Trust Company is a family-owned, community bank headquartered in Beloit, Wisconsin. Chartered in 1882, First National Bank and Trust Company now serves nearly 30,000 households in 13 communities and 16 locations in Southern Wisconsin and Northern Illinois with assets of approximately $1.1 billion.  Commitment to full service banking, investments, asset management, exceptional service, and Sound Advice has positioned First National Bank and Trust Company as a Stateline leader in the industry. For additional information, visit