First National Bank - Agriculture Loans

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Agriculture Loans

Ag Lending

Agriculture is the economic backbone for Northeast Iowa. First National Bank is committed to strengthening that pillar through assisting agricultural producers in making sound financial decisions to operate and grow their farming operation. We are proud to have assisted many producers in profitably expanding and growing their business over the years and look forward to assisting you in making the sound decisions required for being competitive in today’s fast changing agricultural world! All loan decisions are made in-house, and our knowledgeable business bankers at First National Bank can provide the expertise you need to properly finance, structure, and grow your farm finances. We offer the following types of loans to fulfill the above objectives:

Operating Lines of Credit

Pre-approved lines for future use.
Interest only on funds used.
Competitive rates and flexible terms
Funds for production, operating expenses, and feeder livestock purchases

Personal Property Loans

Pre-approved loans available for new and used machinery, breeding livestock, and minor real estate improvements
Competitive rates and flexible repayment terms

Real Estate Financing

First National offers a complete line of real estate financing options including funds for purchasing or refinancing real estate as well as the construction of new facilities. Short term and long term fixed rate options are available. See your ag lender for details.

Agriculture/Government Guaranteed programs
First National is an active participant in several government guaranteed loan programs including:

FSA Guarantees
Provides financing for operating, intermediate, and long term needs with interest reduction options available.
SBA Guarantees
Provides financing options for intermediate and long term needs.

Beginning Farmer Loans

First National Bank is an active participant in the Beginning Farmer loan program. If eligible, a farmer is able to obtain financing for real estate and other depreciable assets purchases at interest rates which may be one to two percentages below market rates. The Beginning Farmer Loan program can be used in conjunction with several direct loan programs through Farm Several Agency which carry very attractive interest rates and loan terms. Contact a business lender for details.

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CURRENT CD RATES

APY as high as:	Rate
11 Months	1.50%
36 Months	2.10%
60 Months	2.65%
Rates Subject to Change

SEE ALL CURRENT RATES

News

Money Connection Online Unavailable
First National Bank will be doing system updates on Sunday, September 12th. As a result, Money Connection Online will be unavailable from 8 a.m. until approximately 1 p.m. Money Connection Telephone Banking will be available for everything except balance transfers. The phone number for phone banking is 319.352.2591. Thank you for your patience!

FDIC Coverage to $250,000 Made Permanent
The 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 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.

More News.