First National Bank of America


Overview / Commentary
517-351-3622
241 East Saginaw
East Lansing, MI 48823

First National Bank of America is headquartered in EAST LANSING and is the largest bank in the state of Michigan. It is also the 233rd largest bank in the nation. It was established in 1955 and as of March of 2025, it had grown to 377 employees at 3 locations. First National Bank of America's savings rates are 6X the national average, and it has a B health rating.

Mortgage Refinance

Kassandra Bellingar is your go-to person for a mortgage refi. She was knowledgeable, accurate, efficient, thorough, prompt and just plain nice. She made the process seamless and
mostly stress free. I cannot recommend her highly enough.

WOW This Was Easy!!

I couldn't get over the SHORT time it took to open a CD!!!I'm used to jumping through hoops with other bank's changing demands for ID. I have a CD maturing tomorrow, guess where it's going?

Awesome Bank Experience Opening A CD

Just opened a CD.
Seamless experience, website easy to navigate.
Customer service is awesome, polite, friendly, helpful, and professional.

Beware Of How Interest Is Compounded At This Bank

Interest is paid (credited) and compounded monthly, except for Regular Savings which is paid (credited) and compounded quarterly. Certificates of Deposit interest is compounded every 6 months. All interest bearing accounts are variable rate accounts.

If interest is compounded every 6 months on a CD versus monthly, you will get less interest than a bank at the same APY that compounds monthly.

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Health

Health Grade Components

Overall
FDIC Certificate #17438
Year Established1955
Employees377
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD3.27%
Return on Equity - YTD40.15%
Annual Interest Income$130.4MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$6.38B$5.8B
LoansQ1 2025vs Q1 2024$5.79B$5.28B
DepositsQ1 2025vs Q1 2024$3.73B$3.38B
Equity CapitalQ1 2025vs Q1 2024$525.4MM$494.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$64.5MM$58.9MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$94.9MM$72.5MM
Real Estate OwnedQ1 2025vs Q1 2024$3.9MM$3.4MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank of America; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First National Bank of America Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$1k-High Yield Savings - Online
0.30%$0-Health Savings Account
0.25%$0-Statement Savings

First National Bank of America Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Business Money Market Savings
OTHER TIERS: 0.40% $0 - $50k | 0.45% $50k - $250k

First National Bank of America Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%*$250k*-HomeTowne Checking
OTHER TIERS: 2.50% $100k - $250k | 2.51% $0 - $100k

First National Bank of America CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$1k-7 Month CD Special
4.20%$1k$1m3 Month CD
4.16%$1k$1m6 Month CD
4.06%$1k$1m12 Month CD
3.96%$1k$1m60 Month CD
3.93%$1k$1m24 Month CD
3.93%$1k$1m18 Month CD
3.91%$1k$1m48 Month CD
3.90%$1k$1m36 Month CD
3.90%$1k$1m84 Month CD
3.90%$1k$1m72 Month CD
3.90%$1k$1m96 Month CD
3.90%$1k$1m108 Month CD
3.90%$1k$1m120 Month CD

First National Bank of America IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.06%$1k$1m12 Month IRA CD
3.96%$1k$1m60 Month IRA CD
3.93%$1k$1m24 Month IRA CD
3.93%$1k$1m18 Month IRA CD
3.91%$1k$1m48 Month IRA CD
3.90%$1k$1m36 Month IRA CD
Locations


First National Bank of America Locations
First National Bank Of America241 E Saginaw StEast Lansing, MI 48823
Traverse City Branch315 N. DivisionTraverse City, MI 49684
Branch Office4660 Kalamazoo Ave, SEGrand Rapids, MI 49508

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