The First National Bank of McGregor


Overview / Commentary
254-840-2836
401 S. Main St.
Mc Gregor, TX 76657

The First National Bank of McGregor is headquartered in Mc Gregor and is the 117th largest bank in the state of Texas. It is also the 1,292nd largest bank in the nation. It was established in 1889 and as of June of 2021, it had grown to 100 employees at 5 locations. The First National Bank of McGregor has a C+ health rating.

Reviews (1)

Interest Rate Is A Lie....It's 2.5% Not 3.0%

Posted by: |

Watch Out! TFNB is a very sneaky bank…. They are still advertising 3% APY For the Extra Edge Checking on their website, but they dropped the interest rate back in December to 2.50% APY and did not disclose this to the account holders. Grrrrrrrrrrrrr I wonder how long it will take for them to correct the interest rate on their website??
Sorry, but I am pulling my money out of TFNB. There are other banks that offer the same interest or higher and are more trustworthy. I will also report TFNB to the OCC.
UPDATE: Overnight! After my review and phone call yesterday, TFNB has updated their website without stating the current interest rate...just "Call for current Rates". Oddly enough, when you call they don't know, and have to look it up? Give me a break? Knowing the interest rate on their biggest Rewards checking should be known by all employees, unless this is some ploy to frustrate customers.



Health
C+

Health Grade Components

Overall
FDIC Certificate #3330
Year Established1889
Employees100
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD9.81%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$716.7MM$665.0MM
LoansQ2 2021vs Q2 2020$527.7MM$507.3MM
DepositsQ2 2021vs Q2 2020$646.3MM$600.7MM
Equity CapitalQ2 2021vs Q2 2020$68.6MM$61.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$6.9MM$5.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$13.5MM$1.8MM
Real Estate OwnedQ2 2021vs Q2 2020$6.6MM$564.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First National Bank of McGregor Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$100kEdge Ahead Savings
OTHER TIERS: 0.25% $100k+

The First National Bank of McGregor Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$1k-Life's Edge Checking 50+
0.00%--Extra Edge Checking
Locations


The First National Bank of McGregor Locations
South Bosque Branch27000 Hwy 84Mc Gregor, TX 76657
The First National Bank Of Mcgregor401 South Main StreetMc Gregor, TX 76657
Oglesby State Bank Branch117 Texas 1996Oglesby, TX 76561
Tfnb Triangle Tower Location Branch510 N. Valley Mills DriveWaco, TX 76710
Downtown Waco Branch901 S. 8th StreetWaco, TX 76706
Waco Branch713 Elm StreetWaco, TX 76704

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