First Nebraska Bank

Overview / Commentary
330 North Spruce Street
Valley, NE 68064

First Nebraska Bank is headquartered in Valley and is the 52nd largest bank in the state of Nebraska. It is also the 2,312th largest bank in the nation. It was established in 1934 and as of December of 2019, it had grown to 80 employees at 14 locations. First Nebraska Bank has an A health rating.

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Reviews (5)

First Nebraska Bank

Posted by: |

Great bank, friendly staff, local management able to make quick decisions.   Very competitive with mortgage rates.  Highly recommended.  

Rewards Checking Rate Going To 3% Feb 1, 2011

Posted by: |

Well, here is the lame attempt (below) at an explanation as to why these guys are lowering their rates - AGAIN.  For some reason other banks continue to offer 4+% rewards checking......but the economy is apparently too sluggish for First Nebraska Bank to continue to offer this rate.

Time to move your money recommendation is Bank of Nebraska.  They currently offer over 4% and have the same account terms, except that you need to rack up 12 card swipes per month versus 10...

(Email I received from First Nebraska Bank):

I know that you are aware that deposit rates have been at historically low levels for quite some time.  With the U.S. Economy continuing to be sluggish, it doesn't appear that these rates will change anytime soon.  Unfortunately this means First Nebraska Bank needs to lower its "Real Checking" interest rate again.  The interest rate on this account will change from 4% APY to 3% APY on February 1, 2011.  We appreciate your understanding the need to lower this rate and thank-you for doing business with First Nebraska Bank.

(They appreciate my understanding?  I'm glad to see that they'll understand why I'm closing this rewards checking account then...)

Deposit Opening

Posted by: |

Opening a new account has to be done in person.

Sucky, Sucky, Sucky Bank

Worse headache of my life dealing with this bank.

There's a $35 wire transfer fee, which is just ridiculous. But also the lady who talked to me on the phone has no idea what she is talking about because she told me it was "impossible" for me to wire transfer money into my husband's account because my name isn't on his account.

The reason I am leaving this bank has to do with their sloppy and crappy handling of "fraudulent" transactions. They randomly put a hold on my debit card for suspicious transactions. However, I had no suspicious transactions because I keep a close eye on my account. Anyway, I called the fraud department to take care of it, I reviewed the transaction and the girl said it was taken care of and I could use my card. Not the case. So I called them again the next day and went through the process of verifying my transactions. Again, I got told it was taken care of and I could use my card. And yet again, my card was denied when I went to pay my bills. So I called my branch of my bank directly (in Stanton), I had to yet again verifying my transactions. Then found out they put a "no withdrawal" hold on my card. The lady said she would lift it and it would be okay. So I went to try and pay my bills again and got denied. Come to find out the deactivated my debit card without my consent and without notifying me. And I don't have checks, so I'm left without any access to my money.

I'm done. It's not worth it anymore. Especially when it took over a month to even receive my debit card in the mail. Done.

Weird Bank

Posted by: |

This bank operates in a weird way. A month and a half after I opened my account, they closed it without notice because I made a ACH transaction that made my balance zero (not overdraft). This was weird because the account was a 'no minimum balance account', and so a zero balance should be okay. I called them and explained that I never asked for a closure. So they reopened it, but after a week I get a call stating that they are closing it again because they don't see any big dollar transactions in the 1.5 months that it was open and apparently because I was 'verbal' on the phone when I had complained about my account being closed without notice. Very weird. Perhaps they want only rich customers. Well, I am doing okay with a 5 figure salary, its just that I decided to wait before entrusting my money to them. So they probably assumed that I am broke. Another possibility is that they might be racist -- looking for just white customers. I am saying this because the vice president seemed to habitually mispronounce and fumble my name a number of times without attempting to actually give it a try to read it right. Overall, a suspect bank, with a suspect management. Stay away. 


Health Grade Components

FDIC Certificate #12248
Year Established1934
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD12.11%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$281.7MM$282.4MM
LoansQ4 2019vs Q4 2018$195.7MM$198.9MM
DepositsQ4 2019vs Q4 2018$245.2MM$247.4MM
Equity CapitalQ4 2019vs Q4 2018$29.5MM$27.8MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.6MM$2.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.1MM$200.00K
Real Estate OwnedQ4 2019vs Q4 2018$180.00K$315.00K
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Always verify rates and promotions with the bank or credit union. We are not First Nebraska Bank; 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.

First Nebraska Bank Savings Account Rates

0.40%--Little Sprout Savings
0.25%--Savings Account
0.25%--Health Savings Account

First Nebraska Bank Money Market Rates

0.40%*$100k*-Money Market Investment Account
OTHER TIERS: 0.10% Up to $10k | 0.20% $10k - $50k | 0.30% $50k - $100k

First Nebraska Bank Checking Account Rates

1.21%*-$15kPerformance Checking Account
OTHER TIERS: 0.15% $15k+
0.05%--Advantage Checking
0.05%--Prime Checking
0.05%--Business Rewards Checking

First Nebraska Bank CD Rates

0.95%$200-60 Month Certificate
0.85%$200-48 Month Certificate
0.80%$200-36 Month Certificate
0.65%$500-24 Month Certificate
0.55%$500-18 Month Certificate
0.40%$500-6 Month Certificate
0.40%$500-12 Month Certificate-No Penalty
0.20%$500-12 Month Certificate

First Nebraska Bank IRA Rates

0.95%$100-60 Month IRA
0.55%$100-18 Month IRA

Cities: Arcadia, Bennet, Brainard, Columbus, Decatur, Emerson, Nebraska City, Stanton, Valley, Weeping Water

Arcadia Branches
Arcadia Branch155 West BridgeArcadia, NE 68815

Bennet Branches
Heartland Community Bank Branch50 Monroe StreetBennet, NE 68317

Brainard Branches
Brainard BranchMadison StreetBrainard, NE 68626

Columbus Branches
Columbus Branch3225 - 23rd StreetColumbus, NE 68601

Decatur Branches
Decatur Branch753 S BroadwayDecatur, NE 68020

Emerson Branches
Emerson Branch1000 Main StreetEmerson, NE 68733

Nebraska City Branches
Nebraska City Branch2214 S 11th StNebraska City, NE 68410

Stanton Branches
Stanton Branch1019 Ivy StreetStanton, NE 68779

Valley Branches
First Nebraska Bank330 North Spruce StreetValley, NE 68064

Weeping Water Branches
Weeping Water Branch107 North Elm StreetWeeping Water, NE 68463

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