First National Bank of America is headquartered in EAST LANSING and is the largest bank in the state of Michigan. It is also the 245th largest bank in the nation. It was established in 1955 and as of June of 2024, it had grown to 362 employees at 3 locations. First National Bank of America's money market rates are 9X the national average, and it has a B+ health rating.
Related Posts
6/18 - First National Bank Of America Raises CD Rates - 6/7 Year CD's Are National Rate Leaders
4/21 - First National Bank Of America Increases All CD Rates
1/29 - First National Bank of America CDs Still Available Nationwide
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
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.
Great, Easy Account Opening. Excellent CD Rates.
Found this bank after some online research of banks with high CD rates and great customer service. This institution checks both boxes. Had CD opened and funded within a few days. They needed extra ID verification for me, but they made it very quick and easy to provide the extra info. I will be opening several more CDs with them.
VERY, VERY GOOD INSTITUTION!
I've been with this bank for about four years now. They are the EASIEST organization to work with of any with whom I've been associated...and I've been with many. Setting up CDs is super easy. Security measures are great. Assistance (phone communications) is excellent. And they are polite, cordial and have never failed to accurately answer a question. Unfortunately, I've reached the maximum allowable under FDIC rules that I can place with them, otherwise I'd put more money into CDs there. Oh, I should add that their interest rates are always near the top of all those in the industry.
New Process
I had completed a recent transaction with this bank and they sent me a confirmation to my gmail account without security. The confirmation had routing number, account number and transaction details of both of my accounts for the ACH. In my opinion, this was not a safe way of handling confidential data so I wrote to them about this.
I was contacted by a rep from the bank shortly there after and we discussed the matter. They decided to change their process to better protect client data. I appreciate the fact that were willing to listen and adjust their process based on our discussion.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17438 |
| Year Established | 1955 |
| Employees | 362 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.9% |
| Return on Equity - YTD | 34.41% |
| Annual Interest Income | $236.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $5.97B$4.96B |
| Loans | Q2 2024vs Q2 2023 | $5.44B$4.56B |
| Deposits | Q2 2024vs Q2 2023 | $3.55B$2.96B |
| Equity Capital | Q2 2024vs Q2 2023 | $517.6MM$421.9MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $60.7MM$50.6MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $72.9MM$56MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $3.9MM$3.9MM |