Monday, April 5:  All offices of First Bank have reopened for visitors and appointments.  We welcome you to visit us for all your financial needs.  We are requiring First Bank employees and customers to wear a mask while in our offices.  We also will be practicing social distancing and have hand sanitizing stations in place for your use. 
If you are yet comfortable stopping in our offices, you can access your banking a number of ways:
  • Drive-up windows and Drive-up ATMs: Available at most of our offices.
  • Money Connection Online Banking: Access your accounts 24/7 to check your balance, perform transactions, or pay bills.  
  • First Bank Mobile App: check your balance, perform transactions, pay bills, deposit checks, and manage your First Bank debit card. 
  • Text Banking: Get daily texts on your cell phone with your account balances or transaction history. 
  • By Telephone: Do you have a question about your accounts or you want to access our electronic banking options? Call our home office at (319) 352-1340.
For your safety, our staff continues to spend extra time cleaning high contact areas and we ask our employees to remain at home if they are ill or have been exposed to a person with COVID-19. 
We continue to monitor the CDC guidelines for COVID-19 and make adjustments when necessary for our customer’s and employees’ safety.

Paycheck Protection Program

Throughout the COVID-19 pandemic, the Small Business Administration has continued to work with lenders in providing funding options to support small businesses across the United States. 
The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll.  The SBA is currently accepting PPP loans until May 31, 2021 or until funds are no longer available. 
Over the last 12 months, First Bank has processed 1,029 Paycheck Protection Program applications! Our Business Bankers work closely with the Small Business Administration to make sure you are receiving the maximum benefit for your business.

  • If you have not received a Paycheck Protection Program loan before, First Draw PPP loans may be available to you.
  • If you have previously received a Paycheck Protection Program loan, certain businesses are eligible for a Second Draw PPP.
  • Borrowers may also be eligible for Paycheck Protection Program loan forgiveness.
Let First Bank help you navigate the qualifications and guidelines so your small business can benefit.

PPP Loan Application
Other SBA programs available to assist with COVID Relief.

Want to track your stimulus payment?

Our History

Serving You First Since 1864
A lot has changed in the world of banking since 1864, when First Bank started doing business in Waverly, IA under the name of Johnson & Leavitt, Bankers & Brokers.  After a few ownership changes in the early years, the bank was officially renamed First National Bank in 1884, under the National Bank Act.

Operating as First National Bank for the next 136 years,  First National Bank grew serving Waverly and surrounding communities. Mergers, acquisitions and new locations helped First National Bank grow and establish itself as a community bank leader.   

With the change to a state charter, First National Bank transitioned to First Bank on October 7, 2020.

First Bank has over 90 dedicated and innovative employees and directors, whom all have a vested interest in our customer’s success.With seven locations in Northern Iowa, First  Bank remains community owned. Nearly 500 shareholders, who include community members and employees, comprise the “ownership” for the bank. Serving community is still a priority and when you bank at First Bank, you know you are investing in other local small businesses and helping the local economy grow.