Who We Are

Since 1864, A Legacy in Community Banking

Waverly, IA - 1864  The Civil War raged on, Abraham Lincoln was president, and Bremer County witnessed the opening of its first bank: Johnson & Leavit Bankers & Brokers. Back then, land sold for pennies, the railroad had just arrived, and Civil War veterans were building a thriving trading community.

In 1884, Johnson & Leavit Bankers & Brokers achieved the status of a National Bank, indicating its growth and stability in the Waverly community.  Located in the heart of Waverly, the original First National Bank building stands today.

In 1998 new locations in Plainfield and Cedar Falls were added. In 2019, First Bank expanded to the Central Iowa with offices in Eagle Grove, Clarion & Goldfield. 

A name change in 2020 to First Bank reflects the commitment the bank has to investing in the future.  As the oldest bank in Northeast Iowa and the third oldest in the state of Iowa, First Bank continues to serve their customers with the latest products, customer services and leading technology.

What sets First Bank apart from other community banks?

  • Community-Owned: Over 400 local shareholders including your neighbors and bank employees, own First Bank. When you bank at First Bank, you're directly investing in local businesses and contributing to the community's growth.
  • Services: A leader in innovation, First Bank understands that customer needs evolve, and are constantly seeking out the latest products and services to best serve our customers.
  • Community Champions: Annually, employees dedicate over 3,000 volunteer hours to more than 125 local organizations.
  • Full-Service Convenience: From traditional banking to wealth management and investments, First Bank offers a complete list of financial solutions under one roof.
  • Shared Success: As owners, First Bank employees and directors are invested in our customers financial success.

First Bank isn't just a bank; it's a legacy of local service, built on a foundation of community, innovation, and a commitment to its people.

At First Bank, our mission and values are behind everything we do.

Our Mission

We deliver the financial solutions YOU need!

Our Values

Integrity: Treat others fairly, honestly and with dignity and respect. Do what is proper and hold ourselves accountable.

Service: Take time to understand the customer’s needs and expectations and follow through on our promises and commitments.

Excellence: To exceed the expectations of our customers, shareholders and each other.

Initiative: Work with energy and a willingness to be innovative in creating and exploring new options. Accept positive and productive change.

Commitment: Care for our communities, customers and each other.