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As individuals and small businesses face a challenging and uncertain economy, they need a dependable and responsive community bank. Our bank continues to be categorized as “well capitalized” by bank regulators and offers safety to our depositors with FDIC deposit insurance protection. First National Bank continues to make loans to credit-worthy borrowers. We hear all too often from the national press and from Washington D.C. politicians that banks are not lending. That is definitely not the case at our bank. While we saw loan totals decline in 2009 due to the economy and a lack of loan demand, we are willing and able to make loans. We continue to be a leader in agricultural lending and lending to small business. We offer responsive solutions for home purchases, refinances, and residential construction.Our customers enjoy the convenience of our electronic banking products to transact business and monitor account information. Our lineup of electronic products includes remote deposit capture for small business, Money Connection Online Banking and Bill Payer, and “E” Statements. These products provide convenient solutions for your financial needs and also provide security and confidentiality. I cannot emphasize enough the difference between our approach to community banking and what the mega banks, regional banks, shadow banks, and nonregulated loan brokers provide. We are owned and managed by people in our communities. We are proud of the relationships we have formed and the high level of service we have provided over our 146 years of operation. Thank you for allowing us to Serve You First.Rich Carlson President and CEO
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CURRENT CD RATES
| APY as high as: | Rate |
| 14 Months | 1.50% |
| 36 Months | 2.25% |
| 60 Months | 2.95% |
| Rates Subject to Change | |
News
FDIC Coverage to $250,000 Made PermanentThe Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.
First National Bank Names Assistant Vice President
First National Bank has announced the addition of Jill Kwikkel as Assistant Vice President at the Waverly west branch. As assistant vice president, Jill is responsible for managing daily operations at the west branch and serving customers’ deposit and lending needs.
First National Bank Wants Customers Aware of New Overdraft Rules
First National Bank wants consumers to be aware of new rules that will go into effect this summer governing overdraft coverage and fees. These rules prohibit financial institutions from charging overdraft fees on ATM withdrawals and debit card purchases unless the consumer has opted into the overdraft coverage service. The new rules take effect July 1 for new accounts and Aug. 10 for existing accounts.
FDIC Transaction Account Guarantee Program
First National Bank is participating in the FDIC's Transaction Account Guarantee Program.
More News.
