The First National Bank of Waverly, Ohio: A Cornerstone of Financial Stability for Over a Century

Nestled in the heart of Waverly, Ohio, The First National Bank (FNB) has stood as a beacon of financial stability for the community for over 120 years. Throughout its storied history, FNB has weathered economic storms and celebrated triumphs alongside the people of Waverly.

A Legacy of Service

FNB's roots can be traced back to 1898, when a group of local businessmen recognized the need for a financial institution that could support the growing community. With a capital of just $25,000, the bank opened its doors on Main Street, where it has remained a fixture ever since.

Over the decades, FNB has expanded its services and reach to meet the evolving needs of its clientele. In 1905, the bank became a national bank and gained access to the Federal Reserve System. This milestone allowed FNB to offer a wider range of products and services, including loans, checking accounts, and savings accounts.

In 1968, FNB moved into its current state-of-the-art facility on East Main Street, reflecting its commitment to providing modern banking experiences. Today, FNB boasts a network of five branches throughout Pike County, offering convenient access to its full suite of financial services.

A Commitment to Community

FNB is not merely a bank but an integral part of the Waverly community. The bank has consistently invested in local businesses, organizations, and initiatives, playing a vital role in the economic and social well-being of Pike County.

FNB's community involvement extends to various initiatives, including:

• Support for local schools and youth programs
• Sponsorships for community events and festivals
• Partnerships with non-profit organizations
• Funding for infrastructure improvements

The bank's commitment to community is evident in its extensive partnerships with local businesses and organizations, such as:

Financial Products and Services

FNB offers a comprehensive range of financial products and services tailored to the diverse needs of its clients. These include:

Personal Banking

• Checking accounts
• Savings accounts
• Money market accounts
• Certificates of deposit
• Mortgages
• Home equity loans
• Personal loans

Business Banking

• Business checking accounts
• Business savings accounts
• Commercial loans
• Lines of credit
• Equipment financing
• Merchant services

Trust and Wealth Management

• Trust services
• Investment management
• Estate planning

Cutting-Edge Technology

FNB recognizes the importance of embracing technology to enhance customer convenience and security. The bank offers various digital banking services, including:

• Online banking: Access accounts, pay bills, and transfer funds securely online
• Mobile banking: Manage finances on the go with the FNB Mobile App
• Debit cards and ATMs: Convenient access to funds at thousands of locations nationwide
• Automated Clearing House (ACH): Electronic funds transfers for secure and reliable payment processing

Tips and Tricks

To maximize your banking experience with FNB, consider these tips and tricks:

• Utilize online and mobile banking: Take advantage of FNB's digital services for convenient and efficient banking.
• Enroll in paperless statement: Go green and receive electronic statements for faster access and reduced clutter.
• Take advantage of direct deposit: Set up direct deposit for hassle-free income transfers.
• Consider automatic bill pay: Schedule bill payments automatically to avoid late fees and improve financial organization.
• Consult with a financial advisor: Discuss your financial goals with one of FNB's experienced financial advisors for personalized guidance and planning.

Common Mistakes to Avoid

Avoid these common mistakes to ensure a smooth and positive banking experience with FNB:

• Neglecting account security: Keep your passwords and PINs confidential and beware of phishing scams.
• Overdrawing your account: Monitor your account balance and avoid overdrafts to minimize fees.
• Failing to report lost or stolen cards: Report any lost or stolen debit or credit cards immediately to prevent fraudulent use.
• Ignoring fees and charges: Understand the fees associated with your accounts and services to avoid unexpected expenses.
• Taking on too much debt: Manage your debt responsibly and avoid overextending yourself to maintain financial stability.

Step-by-Step Approach to Opening an Account

Opening an account with FNB is a quick and easy process:

1. Visit a branch: Visit any of FNB's five branches in Pike County.
2. Bring necessary documentation: Provide valid identification (driver's license, passport, etc.) and proof of address (utility bill, lease agreement, etc.).
3. Complete the application: Fill out an account application with accurate and up-to-date information.
4. Choose your account type: Select the account type that best suits your needs.
5. Make an initial deposit: Fund your new account with an initial deposit.

Pros and Cons of Banking with The First National Bank

Pros:

• Strong financial performance: FNB maintains a BBB+ rating from Standard & Poor's and a 5-star rating from BauerFinancial, indicating its strong financial health.
• Low fees: FNB offers competitive fees on its accounts and services compared to other financial institutions.
• Personalized service: FNB takes pride in providing personalized customer service, with dedicated bankers who know their clients by name.
• Community involvement: FNB actively supports the Waverly community through its various initiatives and partnerships.

Cons:

• Limited branch network: FNB's branch network is primarily limited to Pike County, which may be inconvenient for clients located outside the area.
• Fewer investment options: Compared to larger banks, FNB offers a more limited range of investment options.
• Higher interest rates on loans: FNB's interest rates on loans may be slightly higher than those of larger banks, depending on factors such as creditworthiness and loan terms.

Conclusion

The First National Bank of Waverly, Ohio is a pillar of the community, providing reliable financial services and unwavering support for over 120 years. With its strong financial performance, low fees, personalized service, and commitment to the community, FNB is an excellent choice for individuals, businesses, and organizations seeking a trusted banking partner.