First National Bank of America is headquartered in East Lansing and is the 5th largest bank in the state of Michigan. It is also the 375th largest bank in the nation. It was established in 1955 and as of September of 2019, it had grown to 323 employees at 3 locations. First National Bank of America's money market rates are 3X the national average, and it has a B+ health rating.
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8/24 - First National Bank of America's Long-Term CDs Still Rate Leaders
8/8 - FNBA Reduces Rates
7/11 - First National Bank Of America Reduces Several CD Rates
6/12 - Lower Rate On 60 Month Cd
5/17 - Cd Rate Drop On One And Five Year Cd
4/24 - First National Bank of America Leads With 60-Month CD, 3.35% APY
4/4 - #1 APY's For CD's Available Nationwide With Terms Of 36 Months Or Longer
Good CD Rates
I shop around for CDs with the most competitive rates. First National Bank of America is always in the hunt, most often at the top, and their service is professional, prompt, and friendly.
Kassandra Is The Best!
Kassandra Bellingar, with First National Bank of America, is absolutely amazing. I applied for a mortgage loan online and instead of dealing with a bank, I felt as though I was working with a friend. She is half a world away, yet she went above and beyond anything that was necessary in order to make this a wonderful experience for me. She was professional, knowledgeable, informative and very kind throughout the entire process. I was very blessed to have her as a part of my home purchase and I couldn’t have done this without her. I wouldn’t hesitate to trust her with my future banking needs. I would also like the thank Renee Olson, who also went out of her way to make this happen.
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 Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17438 |
| Year Established | 1955 |
| Employees | 323 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.48% |
| Return on Equity - YTD | 27.74% |
| Annual Interest Income | $117.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $2.34B$1.66B |
| Loans | Q3 2019vs Q3 2018 | $2.12B$1.51B |
| Deposits | Q3 2019vs Q3 2018 | $1.48B$1.09B |
| Equity Capital | Q3 2019vs Q3 2018 | $212.2MM$149.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $24.6MM$18.6MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $39.7MM$43.3MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $4.9MM$3.9MM |