First National Bank of America is headquartered in East Lansing and is the 6th largest bank in the state of Michigan. It is also the 377th largest bank in the nation. It was established in 1955 and as of June of 2020, it had grown to 330 employees at 3 locations. First National Bank of America has a B+ health rating.
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Grateful For Their Excellent Work.
Thanks to FNBA for their work, we are very grateful to Erick Andrejack and Maria, who were the people who helped us in the process. Very kind and responsible, we recommend their work and the Bank, We got our house in less time than planned, every time I called for any questions they were always there
Thanks for everything.
CD Certificate
Walked in branch bank with COVID-19 mask and received immediate service. Friendly and efficient. Business accomplished w/o delay. Thank you, Doug.
A Bank With Heart
With the most competitive CD rates around, I decided to begin building a CD ladder. A savings or checking account with FNBA is not required. Initially, it takes a few minutes to enter all of the required information, but all of the information is saved so there is no need to enter the information when adding a new CD. They do not offer online access to track balances, but statements are sent quarterly in the mail. Because First National Bank of America is a smaller bank, you are not treated like a statistic. Instead, there is a human component that many banks seem to lack. Also, upon request, you will receive an actual certificate in the mail. If you have questions or concerns, expect a speedy response. In time, it would be great to have online access to make tracking the progress of my ladder more convenient, but not having the online access is not a deal breaker.
Impossible To Buy A Cd
Just spent half a day sifting through various banks with reasonable qualifications & decided to give 1FBA a whack. So whilst laboring thu the CD application process I got mostly thru but they "timed "me out while in the midst of answering all the Qs. Then had the gall to tell me to start over.. This is the sixth bank attempted today. You would think the banks are trying to avoid our money
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17438 |
| Year Established | 1955 |
| Employees | 330 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.62% |
| Return on Equity - YTD | 28.39% |
| Annual Interest Income | $96.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $2.72B$2.16B |
| Loans | Q2 2020vs Q2 2019 | $2.49B$1.97B |
| Deposits | Q2 2020vs Q2 2019 | $1.74B$1.36B |
| Equity Capital | Q2 2020vs Q2 2019 | $255.6MM$200.2MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $31.7MM$22.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $50.0MM$40.4MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $6.2MM$4.3MM |