FirstBank is headquartered in Nashville and is the 4th largest bank in the state of Tennessee. It is also the 296th largest bank in the nation. It was established in 1906 and as of March of 2017, it had grown to 1,116 employees at 61 locations. FirstBank has an A health rating.
This is where my wife & I both bank after moving to M'boro. It's a very friendly atmosphere, friendly people, & helpful associates. They even provide awesome rewards with their rewards checking accounts, & searching around they definitely have the best rates in town. The only thing I have bad to say is that they need to get their act together when it comes to making deposits, we have to fill out over a minutes worth of paperwork with every deposit, but even still we love our neighborhood bank. Check them out when you get a chance.
I have had both internet only and brick and mortar bank accounts. The internet only banking checking account might be easier than a typical checking account to open and you can do it from home, but you lose a lot of customer service and when you are dealing with money that is something you really need. I opened an efirstbank checking account more than a year ago, the intial set up was a breeze and I set direct deposit and everything was just fine, I started a new job that paid by paper check and I tried to deposit my check,I kept getting a message saying they can not verify my identity. I sent an email and did not get a response for 3 weeks, I finally found the live chat link and stated my issue there. I gave them all my information, email,SSN and etc. I was told they can not verify me and to have the owner of the account (me) contact them and cut the chat. It had been 4 months since that and the issue is not resolved, and for this reason and im sure others I do no think internet only is the best of ideas
This bank pays 1.51% APY on checking. The account needs to have 10 debit transactions per month, plus a few other easily followed rules. Their mobile app is not so terrific and the folks in the call center are somewhat snooty.
However, I'm a rate whore, so the 1.51% on my emergency fund pays me about $300-plus per year. I can put up with the other stuff since I am getting some yield.
After being with Northwest Georgia for close to 20 years, First Bank has taken over and I have had nothing but issues. Their online banking is a joke, their ACH deposits are only pulled once a day, sometimes my card will work and sometimes I have double charges. After several issues, I'm finished. I will be closing both accounts with them tomorrow and taking my business elsewhere. At this point, I would rather pay for a checking account than deal with them any longer.
Banked with Northwest Georgia Bank for 20 years, with no issues. Since First Bank took over, it has been nothing but problems. Had issues with payments been taken out twice, and also ATM withdrawals being doubled. When I contacted the bank they try to say card was swiped twice. This is BS. I have now closed my account. There were other customers at the bank location I was at having the same issues on the same days. I guess they make their money by scamming customers. Word of warning for former Northwest Georgia Bank customers, keep a close watch on your accounts. Too bad you can't give negative ratings
|FDIC Certificate #||8663|
|Return on Assets - YTD||1.24%|
|Return on Equity - YTD||12.03%|
|Annual Interest Income||$32.9MM|
|Assets and Liabilities|
|Assets||Q1 2017vs Q1 2016||$3.17B$2.85B|
|Loans||Q1 2017vs Q1 2016||$2.24B$1.92B|
|Deposits||Q1 2017vs Q1 2016||$2.73B$2.48B|
|Equity Capital||Q1 2017vs Q1 2016||$337.5MM$282.5MM|
|Loan Loss Allowance||Q1 2017vs Q1 2016||$22.9MM$24.4MM|
|Unbacked Noncurrent Loans||Q1 2017vs Q1 2016||$9.3MM$10.7MM|
|Real Estate Owned||Q1 2017vs Q1 2016||$6.8MM$10.5MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|1.51%*||-||$25k||FirstRewards Checking - Qualifying|
|OTHER TIERS: 0.15% → $25k+|