Bank · FDIC insured
First National Bank of America
A $6.8B bank, the 221st largest of 4,207, headquartered in East Lansing, MI, with 3 branches in Michigan. Best rates: savings 4.20% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: carrot has not captured enough rates to score this yet. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings964.20%at $1,000Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About First National Bank of America
First National Bank of America opened for business in 1955 as First National Bank of East Lansing, focusing on the financial needs of the local Michigan community.
The institution created subsidiary First National Acceptance Company in 1974, changed its name to First National Bank of Michigan in 1978, and became First National Bank of America in 1998.
After opening Traverse City and Grand Rapids branches in 2011, it offers deposit accounts, purchases notes, and lends in the Non-QM mortgage space.
- Headquarters
- 241 E Saginaw St, East Lansing, MI 48823
- FDIC certificate
- 17438 ↗
Branches
3 branches in Michigan
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Michigan
3 branches
Lansing area · 1
- First National Bank of AmericaMain office241 E Saginaw St, East Lansing, MI 48823Directions
Grand Rapids area · 1
- Grandville Branch4660 Kalamazoo Ave Se, Grand Rapids, MI 49508Directions
Traverse City area · 1
- Traverse City Branch315 N Division St, Traverse City, MI 49684Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 8.13% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 1.90% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 2.79% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $162 | $88 | — |
- CapitalLeverage ratio8.13%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent1.90%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets2.79%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$162Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of First National Bank of America are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.