When First National Bank opened their doors in 1864, their sole purpose was to provide banking services to the growing town of Waverly and surrounding farm communities. Today our mission is the same in all the communities we serve, from Waverly to Cedar Falls to Plainfield; and the entire Cedar Valley. Being a “community” bank means we are a part of the community we our employees reach out beyond mainstreet. First National Bank employees not only work but also live and play in these communities, which includes offering their time and talents within the community. In 2018, First National Bank employees volunteered over 9,000 hours to over 100 different organizations.
During Community Banking Month in April we celebrate the impact all community banks have on our local communities. Community banks are an integral part of a growing and thriving community; they reinvest local dollars back into the community and help create local jobs. Local reinvestment also helps small businesses grow and helps families finance major purchases and build financial security.
- US Community Banks:
- Comprise 99% of all banks
- Provide more than 60% of all small business loans
- Make more than 80% of agricultural loans
- Have 52,000 locations across the country
- Employ 760,000 people
The impact community banks provide across the US is far reaching and impacts all our communities.