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.
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.
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?
Just opened a CD.
Seamless experience, website easy to navigate.
Customer service is awesome, polite, friendly, helpful, and professional.
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.
Overall | |
---|---|
FDIC Certificate # | 17438 |
Year Established | 1955 |
Employees | 377 |
Primary Regulator | OCC |
Profit Margin | |
---|---|
Return on Assets - YTD | 3.27% |
Return on Equity - YTD | 40.15% |
Annual Interest Income | $130.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $6.38B$5.8B |
Loans | Q1 2025vs Q1 2024 | $5.79B$5.28B |
Deposits | Q1 2025vs Q1 2024 | $3.73B$3.38B |
Equity Capital | Q1 2025vs Q1 2024 | $525.4MM$494.5MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $64.5MM$58.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $94.9MM$72.5MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $3.9MM$3.4MM |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.25% | $1k | - | High Yield Savings - Online | |
0.30% | $0 | - | Health Savings Account | |
0.25% | $0 | - | Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $250k* | - | Business Money Market Savings | ||
OTHER TIERS: 0.40% → $0 - $50k | 0.45% → $50k - $250k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
2.75%* | $250k* | - | HomeTowne Checking | ||
OTHER TIERS: 2.50% → $100k - $250k | 2.51% → $0 - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
4.06% | $1k | $1m | 12 Month IRA CD | |
3.96% | $1k | $1m | 60 Month IRA CD | |
3.93% | $1k | $1m | 24 Month IRA CD | |
3.93% | $1k | $1m | 18 Month IRA CD | |
3.91% | $1k | $1m | 48 Month IRA CD | |
3.90% | $1k | $1m | 36 Month IRA CD |
First National Bank of America Locations | ||
---|---|---|
First National Bank Of America | 241 E Saginaw St | East Lansing, MI 48823 |
Traverse City Branch | 315 N. Division | Traverse City, MI 49684 |
Branch Office | 4660 Kalamazoo Ave, SE | Grand Rapids, MI 49508 |