First National Bank of Waynesboro: A Cornerstone of Financial Stability in Burke County

Introduction

Established in 1890, First National Bank of Waynesboro (FNBW) has been a trusted financial institution serving the Waynesboro community and surrounding areas for over 130 years. As a locally owned and operated bank, FNBW is committed to providing personalized banking services, supporting local businesses, and giving back to the community.

Financial Performance and Stability

According to the Federal Deposit Insurance Corporation (FDIC), FNBW has consistently maintained strong financial performance. As of June 30, 2023, the bank had total assets of $411.2 million, total deposits of $356.9 million, and total loans of $285.7 million. FNBW's strong capital position and low level of non-performing loans demonstrate its financial stability and resilience.

Products and Services

FNBW offers a wide range of banking products and services tailored to meet the needs of individuals, families, and businesses. These include:

• Personal Banking: Checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), and personal loans
• Business Banking: Commercial loans, lines of credit, cash management services, and business depository accounts
• Online and Mobile Banking: Online banking, mobile banking, and mobile deposit
• Investment Services: Brokerage services through LPL Financial, a leading independent broker-dealer
• Trust and Estate Services: Trust administration, estate planning, and investment management

Community Involvement

FNBW believes in giving back to the community it serves. The bank supports a variety of local organizations, including schools, non-profit organizations, and civic groups. FNBW employees are also actively involved in volunteerism and community service.

Testimonials

"FNBW has been my bank for over 20 years. Their friendly and helpful staff always goes above and beyond to meet my banking needs." - Mary C., customer since 2001

"I've been banking with FNBW for my business for the past five years. Their commercial lending team is very knowledgeable and supportive of our growth." - John S., business owner

Stories and Lessons

Story 1: Sarah, a young professional, was looking for a bank that could help her manage her finances and reach her financial goals. She chose FNBW because of their personalized approach and tailored financial solutions. With the guidance of her financial advisor at FNBW, Sarah created a savings plan that helped her achieve homeownership within three years.

Lesson: Seeking personalized financial advice can empower you to reach your financial goals sooner.

Story 2: Jake, a local business owner, was facing a cash flow challenge and needed to secure financing quickly. He reached out to FNBW, and the commercial lending team worked closely with him to develop a loan that met his business's needs. With the additional funding, Jake was able to expand his operations and increase his customer base.

Lesson: Strong relationships with financial institutions can be invaluable when faced with financial challenges.

Story 3: The Waynesboro community faced a natural disaster, and FNBW stepped up to provide financial relief and support. The bank offered low-interest loans to affected businesses and individuals, and employees volunteered their time to help with cleanup and recovery efforts.

Lesson: Community banks play a vital role in supporting communities during times of need.

How to Choose the Right Bank for Your Needs

Choosing the right bank for your individual or business needs requires careful consideration. Here's a step-by-step approach:

1. Identify your financial goals: Determine your short-term and long-term financial needs, such as saving for a home, building an emergency fund, or growing your business.

2. Research different banks: Compare banks in your area based on factors such as financial stability, products and services, fees, and customer service.

3. Consider local banks: Local banks often have a deep understanding of the community and offer personalized service.

4. Read customer reviews: Check online reviews and testimonials from current and former customers to get an idea of the bank's reputation.

5. Meet with a banker: Schedule a meeting with a banker to discuss your specific needs and explore the bank's products and services in more detail.

Tables

Table 1: FNBW's Financial Performance

Table 2: FNBW's Key Products and Services

Table 3: Top Reasons to Choose FNBW

FAQs

Q1. Is FNBW a safe bank?

Yes, FNBW is a member of the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to $250,000 per depositor.

Q2. What are FNBW's banking hours?

FNBW's banking hours are Monday through Friday from 8:30 AM to 5:00 PM.

Q3. Does FNBW offer online and mobile banking?

Yes, FNBW offers a full suite of online and mobile banking services, including online account access, mobile deposit, and bill pay.

Q4. Does FNBW provide investment services?

Yes, FNBW offers brokerage services through LPL Financial, a leading independent broker-dealer.

Q5. Is FNBW involved in the community?

Yes, FNBW is deeply involved in the Waynesboro community, supporting local organizations, volunteering, and providing financial relief during times of need.

Q6. How do I open an account with FNBW?

You can open an account with FNBW online, by visiting a branch, or by calling (706) 554-7700.

Call to Action

If you're looking for a bank that offers personalized service, strong financial stability, and a commitment to the community, consider First National Bank of Waynesboro. Visit our website at www.fnbw.com or call (706) 554-7700 to learn more and open an account today.