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 109th largest bank in the state of Texas. It is also the 1,230th largest bank in the nation. It was established in 1889 and as of March of 2021, it had grown to 96 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
Employees96
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD11.33%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$752.4MM$533.9MM
LoansQ1 2021vs Q1 2020$550.4MM$474.5MM
DepositsQ1 2021vs Q1 2020$683.2MM$470.6MM
Equity CapitalQ1 2021vs Q1 2020$66.4MM$60.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$6.8MM$5.2MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$18.7MM$1.9MM
Real Estate OwnedQ1 2021vs Q1 2020$985.00K$576.00K
Rates

Rates for The First National Bank of McGregor are currently being reviewed.

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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