First National Bank of America

Overview / Commentary
241 East Saginaw
East Lansing, MI 48823

First National Bank of America is headquartered in East Lansing and is the 5th largest bank in the state of Michigan. It is also the 375th largest bank in the nation. It was established in 1955 and as of September of 2019, it had grown to 323 employees at 3 locations. First National Bank of America's money market rates are 3X the national average, and it has a B+ health rating.

Related Posts

First National Bank of America 12-Month CD Offers 2.45% APY - 10/7/2019

First National Bank of America is currently offer 2.45% APY on its nationally available 12-23 month CD. Minimum opening deposit is $1k, with no stated balance cap.

First National Bank of America's Long-Term CDs Still Rate Leaders - 8/24/2019

First National Bank of America's nationally available long-term CDs are still rate leaders: 84-month (2.95% APY) and 72-month (2.90% APY). $1k minimum deposit.

FNBA Reduces Rates - 8/8/2019

According to an email I received, FNBA reduced their CD rates as of 10am, August 7. For example the APY on the 84 month CD went from3.00% down to 2.95%

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Good CD Rates

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I shop around for CDs with the most competitive rates. First National Bank of America is always in the hunt, most often at the top, and their service is professional, prompt, and friendly.

Kassandra Is The Best!

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Kassandra Bellingar, with First National Bank of America, is absolutely amazing. I applied for a mortgage loan online and instead of dealing with a bank, I felt as though I was working with a friend. She is half a world away, yet she went above and beyond anything that was necessary in order to make this a wonderful experience for me. She was professional, knowledgeable, informative and very kind throughout the entire process. I was very blessed to have her as a part of my home purchase and I couldn’t have done this without her. I wouldn’t hesitate to trust her with my future banking needs. I would also like the thank Renee Olson, who also went out of her way to make this happen.

A Bank With Heart

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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

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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



Health Grade Components

FDIC Certificate #17438
Year Established1955
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD2.48%
Return on Equity - YTD27.74%
Annual Interest Income$117.7MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$2.34B$1.66B
LoansQ3 2019vs Q3 2018$2.12B$1.51B
DepositsQ3 2019vs Q3 2018$1.48B$1.09B
Equity CapitalQ3 2019vs Q3 2018$212.2MM$149.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$24.6MM$18.6MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$39.7MM$43.3MM
Real Estate OwnedQ3 2019vs Q3 2018$4.9MM$3.9MM
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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

0.25%$100-Statement Savings

First National Bank of America Money Market Rates

1.25%*$100k*$5mHomeTowne Money Market Checking
OTHER TIERS: 1.00% Up to $5k | 1.05% $5k - $100k
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

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

2.40%$1k-84 Month CD
2.35%$1k-72 Month CD
2.30%$1k-60 Month CD
2.25%$1k-48-59 Month CD
2.25%$1k-60 Month Flex CD
2.20%$1k-36-47 Month CD
2.20%$1k-48 Month Flex CD
2.15%$1k-24-35 Month CD
2.15%$1k-36 Month Flex CD
2.10%$1k-12-23 Month CD
1.80%$1k-6-11 Month CD
1.40%$1k-1-5 Month CD

First National Bank of America IRA Rates

2.30%$1k-60 Month IRA
2.25%$1k-48-59 Month IRA CD
2.20%$1k-36-47 Month IRA CD
2.15%$1k-24-35 Month IRA CD
2.10%$1k-12-23 Month IRA CD

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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