FCN Banc Corporation (OTCPK:FBVI) is the holding company for FCN Bank, a five-branch community bank primarily serving three counties in southeastern Indiana. The bank has an additional branch in Harrison, Ohio, immediately across the state line.
FCN Banc is not on the surface the most exciting growth opportunity in the community bank sector. The company’s demographic region is primarily rural with limited population growth. FCN nonetheless has produced a consistent record of earnings growth with a compound annual growth rate of 7.8% between 2011 and 2017 excluding the impact of federal tax code