First Bankers Trust Company, N.A. (First Bankers), a wholly-owned subsidiary of First Bankers Trustshares, Inc., announced strategic changes to its leadership team. Dave Rakers will assume the position of Executive Vice President of Growth Initiatives, while Nathan Frese has accepted the role of Market President for the Adams County, Illinois Market. 

In his role, Rakers will leverage his extensive experience and expertise to drive strategic growth initiatives and fuel First Banker's expansion. His specific focus is on existing and future Loan Production Offices (LPO’s), the Springfield location as well as attracting and developing talent in these areas. First Bankers currently has LPO’s in O’Fallon, Illinois and St. Charles, Missouri.


“We are pleased to announce these exciting changes within our organization that reflect our continued commitment to innovation, growth, and our top strategic priorities for both our customers and our employees,” says Allen Shafer, President and CEO. “These changes reflect our commitment to nurturing talent within our organization and providing opportunities for growth.”


As Market President, Frese will utilize his understanding of the banking business, his leadership skills, and his passion for growth to manage and lead the Adams County market. First Bankers currently has five bank branches and an operations center located in Adams County.


Rakers and Frese are transitioning into their new roles with a targeted change date of July 1, 2023.


As we embark on this exciting new phase, I encourage you to extend your warm congratulations and offer your support to both Dave and Nathan. Their contributions have been instrumental in our past successes, and I have no doubt that they will continue to make a significant impact in their new roles.



About First Bankers Trust Company, N.A.:
Headquartered in Quincy, Ill., First Bankers Trust Company, N.A., a wholly-owned subsidiary of First Bankers Trustshares, Inc., is a community-oriented commercial bank offering a variety of financial services to meet the needs of the communities it serves, including personal banking, residential mortgage loans, consumer loans, business loans and agricultural loans. The bank also operates Buck Land Funding, a division focused on the financing of recreational hunting land, and MHC Funding, a division specializing in the financing of mobile home communities. The bank has branch locations in Quincy, Macomb, Mendon, Carthage, Rushville, and Springfield, Illinois as well as Loan Production offices in O’Fallon, Illinois and St. Charles, Missouri. It is the largest bank in Adams County, Illinois. For more information, visit


About First Bankers Trustshares, Inc.

First Bankers Trustshares, Inc. is a bank holding company owning First Bankers Trust Company, N.A. The Company was incorporated on August 25, 1988, and is headquartered in Quincy, Ill. First Bankers Trustshares, Inc. is a publicly held company whose common stock is traded over-the-counter under the symbol FBTT. For more information, visit