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 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.

Grateful For Their Excellent Work.

Posted by: |

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

Posted by: |

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

Posted by: |

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

Posted by: |

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

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Health
B+

Health Grade Components

Overall
FDIC Certificate #17438
Year Established1955
Employees330
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.62%
Return on Equity - YTD28.39%
Annual Interest Income$96.0MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$2.72B$2.16B
LoansQ2 2020vs Q2 2019$2.49B$1.97B
DepositsQ2 2020vs Q2 2019$1.74B$1.36B
Equity CapitalQ2 2020vs Q2 2019$255.6MM$200.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$31.7MM$22.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$50.0MM$40.4MM
Real Estate OwnedQ2 2020vs Q2 2019$6.2MM$4.3MM
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
0.20%$100-Statement Savings

First National Bank of America Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Business Money Market Savings
OTHER TIERS: 0.05% Up to $1k | 0.25% $1k - $20k | 0.35% $20k - $50k | 0.40% $50k - $100k | 0.45% $100k - $250k
0.40%*$100k*-HomeTowne Money Market Checking
OTHER TIERS: 0.35% Up to $100k

First National Bank of America Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$1.5m*-Business Interest Checking
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $150k | 0.15% $150k - $1.5m

First National Bank of America CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-84 Month CD
1.20%$1k-72 Month CD
1.15%$1k-60 Month CD
1.10%$1k-60 Month Flex CD
1.05%$1k-48-59 Month CD
1.00%$1k-48 Month Flex CD
0.95%$1k-36-47 Month CD
0.90%$1k-24-35 Month CD
0.90%$1k-36 Month Flex CD
0.85%$1k-12-23 Month CD
0.40%$1k-6-11 Month CD
0.30%$1k-1-5 Month CD

First National Bank of America IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.15%$1k-60 Month IRA
1.05%$1k-48-59 Month IRA CD
0.95%$1k-36-47 Month IRA CD
0.90%$1k-24-35 Month IRA CD
0.85%$1k-12-23 Month IRA CD
Locations


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

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