Discover the Pillars of Financial Stability: First National Bank of Olney, IL

An Institution Rooted in Strength and Service

Over a century of unwavering commitment to the communities of southern Illinois, First National Bank of Olney (FNBO) has established itself as a cornerstone of financial stability and growth. With deep local roots and a relentless focus on customer satisfaction, FNBO has weathered economic storms and emerged as a beacon of financial security.

A Legacy of Excellence

Established in 1906 as The First National Bank of Olney, the institution has undergone a journey marked by milestones:

• 1935: Earned the prestigious distinction as a member of the Federal Deposit Insurance Corporation (FDIC), ensuring unwavering customer protection.
• 1977: Expanded its reach through the acquisition of Olney Savings and Loan Association, solidifying its position as a financial powerhouse in the region.
• 2002: Consolidated its branches in Olney, streamlining operations and enhancing convenience for customers.
• 2007: Upgraded its core banking system, investing in modern technology to provide exceptional customer experiences.
• 2020: Despite the challenges of the COVID-19 pandemic, FNBO remained steadfast in its commitment to financial well-being, offering support and guidance to businesses and individuals.

Financial Performance: A Testament to Stability

FNBO's financial performance is a testament to its sound management and prudent risk-taking practices:

• $284 million in assets (as of June 30, 2022), demonstrating the bank's significant financial strength and ability to serve the growing needs of its customers.
• Strong capital position: Exceeding regulatory requirements, FNBO's capital ratios reflect its commitment to safety and soundness.
• Impressive loan portfolio: With a diversified portfolio of over $200 million in loans, FNBO plays a vital role in supporting business expansion, homeownership, and economic development in the region.
• Minimal non-performing assets: FNBO's diligent underwriting and risk management practices have resulted in an exceptionally low level of non-performing assets, ensuring the stability of its balance sheet.

Banking Services Tailored to Your Needs

FNBO offers a comprehensive suite of banking services designed to meet the unique needs of individuals, families, and businesses:

• Personal Banking: Checking and savings accounts, debit cards, online banking, mobile banking, and access to a network of ATMs.
• Business Banking: Commercial loans, treasury management services, remote deposit capture, and merchant services.
• Mortgages & Loans: FNBO is a preferred lender for the USDA Rural Development program, offering competitive rates and flexible terms on mortgages, home equity loans, and personal loans.
• Trust & Investment Services: Through its partnership with FNB Investment Services, FNBO provides expert guidance and personalized investment solutions.
• Financial Planning: FNBO's dedicated financial advisors offer comprehensive financial planning services to help you reach your financial goals.

Community Involvement: A Deeply Rooted Commitment

Beyond its banking services, FNBO is deeply invested in the communities it serves:

• Annual donations: The bank generously supports a wide range of charitable organizations, schools, and non-profits.
• Scholarships: FNBO awards scholarships to deserving students pursuing higher education in banking and finance.
• Employee engagement: The bank encourages its employees to volunteer their time and resources to local organizations, fostering a culture of giving back.
• Economic development: FNBO actively participates in initiatives aimed at bolstering economic growth in the region.
• Community outreach: FNBO hosts financial literacy workshops and seminars, educating the public about responsible money management.

Customer Testimonials: A Reflection of Trusted Relationships

"First National Bank of Olney has been my trusted financial partner for over 20 years," expressed Ms. Sarah Wilson, a long-standing customer. "Their personal service, competitive rates, and deep understanding of my financial needs have been invaluable."

"FNBO's commitment to the community is evident in the many ways they give back," said Mr. John Smith, a local business owner. "Their support has been instrumental in the success of our small business."

A Respected Institution

FNBO's reputation extends beyond its local reach:

• Five-Star Bauer Financial Rating: This prestigious rating attests to FNBO's exceptional financial health and soundness.
• Recognition by the Illinois Bankers Association: FNBO has been repeatedly recognized for its outstanding performance and contributions to the banking industry in Illinois.
• Community Bank of the Year: In 2022, FNBO was honored as the Community Bank of the Year by the Illinois Bankers Association.

Tips and Tricks for Maximizing Your Banking Experience with FNBO

• Enroll in online and mobile banking: Enjoy the convenience of managing your finances on the go.
• Set up automatic bill payments: Avoid late fees and hassle-free bill management.
• Take advantage of FNBO's financial planning services: Get personalized guidance to achieve your financial goals.
• Participate in community events: Connect with FNBO and other community members at local events.
• Refer friends and family: Share your positive FNBO experience and receive referral bonuses.

Stories of Impact: FNBO Making a Meaningful Difference

Local Business Thrives with FNBO's Support

Alpine Meadow Farms, a local dairy farm, faced financial difficulties due to a downturn in the market. FNBO stepped in with a customized loan and flexible payment terms, allowing the farm to stay afloat and continue its operations. Today, Alpine Meadow Farms is thriving, contributing to the local economy and providing fresh dairy products to the community.

Homeownership Dreams Come True with FNBO's Help

For years, Ms. Emily Jones had dreamed of owning a home, but financial obstacles stood in her way. FNBO's homeownership counseling program provided her with guidance and support, enabling her to overcome these challenges and secure an affordable mortgage that made her dream a reality.

Financial Literacy Empowers a Young Entrepreneur

Mr. Ethan Johnson, a high school student with a passion for entrepreneurship, attended FNBO's financial literacy workshop. The knowledge and skills he gained gave him the confidence to launch his own small business, which has since become a success.

What We Learn from These Stories

• FNBO's tailored support can help businesses of all sizes overcome financial challenges.
• Homeownership is attainable with the right guidance and financial assistance.
• Financial literacy empowers individuals to make informed financial decisions and pursue their entrepreneurial dreams.

How to Step-by-Step Approach to Banking with FNBO

1. Find a branch: Use the branch locator on FNBO's website to find the closest branch to you.
2. Open an account: Choose the account type that best suits your needs and provide necessary identification.
3. Set up online and mobile banking: Enroll in these convenient services for easy account access.
4. Meet with a financial advisor: Schedule an appointment to discuss your financial goals and explore personalized investment solutions.
5. Apply for a loan: Contact FNBO for a personalized assessment of your loan options.

Compare Pros and Cons of Banking with FNBO

Pros:

• Strong financial performance and stability
• Comprehensive suite of banking services
• Competitive rates and flexible terms
• Personalized financial planning services
• Deep community involvement

Cons:

• Limited branch network compared to larger banks
• May have higher fees for certain services
• Limited investment options compared to national brokerage firms

Conclusion: A Trusted Partner in Financial Well-being

First National Bank of Olney stands as a symbol of financial stability and unwavering service in southern Illinois. With its customer-centric approach, commitment to the community, and unwavering pursuit of financial excellence, FNBO is the ideal choice for individuals, families, and businesses seeking a trusted partner in their financial journey.

Additional Resources:

• FNBO Website
• Bauer Financial Rating
• Illinois Bankers Association