First National Bank of America

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Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.20%	5-year CD	60 Month Flex CD 2.25% - Bank of Internet USA 60 Month CD
1.30%	1-year CD	12 Month CD Special 1.50% - Ally Bank No Penalty 11-Month CD
0.25%	Savings	Statement Savings 1.20% - Ally Bank Online Savings Account

View all First National Bank of America rates »

Overview / Commentary

www.fnba.com

800-968-3626

241 East Saginaw
East Lansing, MI 48823

First National Bank of America is headquartered in East Lansing and is the 10^th largest bank in the state of Michigan. It is also the 619^th largest bank in the nation. It was established in 1955 and as of June of 2017, it had grown to 281 employees at 3 locations. First National Bank of America's CD rates are 44% higher than the national average, and it has a B health rating.

Reviews (2)

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Wonderful Mortage Company

Posted by: Anonymous | Aug 20, 2012

My husband and I bought our mobile home and land through this bank. They've always worked with us. We have a really high interest rate but, we are working on getting that lowered. When my husband was out of work for a layoff they were always so nice! They worked with me to try and keep the mortgage paid! Wonderful wonderful! It's good to have someone who understands and works with you! Thanks for you help!

Comment

7

Commercial Mortgage

Posted by: Wayne Brandon | Oct 20, 2016

Seven years ago I was renting a building for my business with the intention of buying it from the owner. Our rent payments were always timely and I thought nothing of investing 40k in reconstruction to support the business we were doing.
One morning I arrived to find a 'notice to quit' tacked to the door. The long story short being the owner took my money but failed to pay the bank and we were never notified of the pending foreclosure until that day.
We tried working with FNBA to purchase the building at the fair market rate but that was not to be.
Taking full advantage of our lack of leverage they forced a closing less than 60 days later for the full amount owed by the prior owner plus penalties and interest, well in excess of what should have been paid. To further add insult to injury, FNBA assessed an 11% APR due to the fact that the company had no "credit history" that they found acceptable, primarily because I did not use credit to operate the business nor did I have so much as a credit card in the name of the company. Now we are nearly half way through the 15 year mortgage with no missed or late payments and they will not even discuss a refinancing of the buildings in spite of our considerable equity in them. The representative I contacted rudely announced that they "we're not going to refinance that property" When I asked for an explanation the reply was simply "we're not going to do that." I asked him one more question which only seemed to annoy him further to which he replied, "I'll call you, back." Naturally, he never did. We are now seeking a commercial re-fi through other banks and will likely close this year at the low end of the commercial lending rate.
So, instead of getting a fair interest rate for the duration of the mortgage, they will simply get 100% of nothing. FNBA seemingly has no further interest in the customer than to line their pockets and has no sense of doing what is right. The sooner we can be rid of them, the better.

Comment

5

Health

B

Data as of Q2 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	17438
Year Established	1955
Employees	281
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	2.68%
Return on Equity - YTD	28.56%
Annual Interest Income	$49.1MM

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$1.24B$929.5MM
Loans	Q2 2017vs Q2 2016	$1.12B$837.9MM
Deposits	Q2 2017vs Q2 2016	$960.5MM$756.0MM
Equity Capital	Q2 2017vs Q2 2016	$119.1MM$93.9MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$14.8MM$12.1MM
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$37.9MM$36.5MM
Real Estate Owned	Q2 2017vs Q2 2016	$5.6MM$5.3MM

Rates

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* 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^†	$100	-	Statement Savings

First National Bank of America Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.60%^*^†	$20k^*	-	HomeTowne Money Market Checking
OTHER TIERS: 0.10% → Up to $1k \| 0.15% → $1k - $2,500 \| 0.25% → $2,500 - $20k
0.60%^*	$250k^*	-	Business Money Market Savings
OTHER TIERS: 0.05% → Up to $1k \| 0.25% → $1k - $20k \| 0.35% → $20k - $50k \| 0.40% → $50k - $100k \| 0.50% → $100k - $250k

First National Bank of America Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$1,500k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $150k \| 0.15% → $150k - $1,500k

First National Bank of America CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.40%	$1k	-	60 Month CD Special
2.30%^†	$1k	-	60 Month Time CD
2.30%^†	$1k	-	84 Month Time CD
2.20%^†	$1k	-	60 Month Flex CD
2.15%^†	$1k	-	48-59 Month Time CD
2.05%^†	$1k	-	48 Month Flex Time CD
1.85%^†	$1k	-	36-47 Month Time CD
1.85%	$1k	-	36 Month CD Special
1.75%^†	$1k	-	36 Month Flex Time CD
1.65%^†	$1k	-	24-35 Month Time CD
1.30%^†	$1k	-	12-23 Month Time CD
1.30%	$1k	-	12 Month CD Special
0.80%^†	$1k	-	6-11 Month Time CD
0.75%^†	$1k	-	1-5 Month Time CD
0.75%^†	$100	-	3 Month Time CD Special

First National Bank of America IRA Rates

APY	MIN	MAX	ACCOUNT NAME
2.30%^†	$1k	-	60 Month IRA Time CD
2.15%^†	$1k	-	48-59 Month IRA Time CD
1.85%^†	$1k	-	36-47 Month IRA Time CD
1.65%^†	$1k	-	24-35 Month IRA Time CD
1.30%^†	$1k	-	12-23 Month IRA Time CD

Locations

First National Bank of America Locations
First National Bank Of America	241 East Saginaw	East Lansing, MI 48823
Traverse City Branch	315 N. Division	Traverse City, MI 49684
Branch Office	4660 Kalamazoo Ave, SE	Grand Rapids, MI 49508