Part of the First Bank chain · locations
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First Bank in Waverly, IA

4.2/5

Waverly, IA's First Bank branch at 316 E Bremer Ave offers banking services for local customers and businesses.

Data compiled from public sources · Rating from CreditDoc methodology

First Bank Review

First Bank's Waverly branch is located at 316 E Bremer Ave, a standalone banking location in downtown Waverly, IA. This neighborhood hub serves residents and businesses throughout the Waverly area. While hours are not published online, customers can contact the branch directly to confirm availability and service times.

At this Waverly location, First Bank provides core banking services including account opening, deposits, withdrawals, and financial consultation. Branch staff can answer questions specific to the Waverly office and discuss loan products, checking and savings accounts, and other services tailored to your needs.

If you're a Waverly resident seeking a nearby banking option, First Bank at 316 E Bremer Ave is conveniently accessible. Bring valid identification for account-related transactions. First Bank has served the Iowa banking community for generations with a commitment to personalized, community-focused service.

Services & Features

Business and agricultural lending
Cash management services for businesses
Debit and credit cards (personal and business)
Digital banking with credit score monitoring
Farm lending programs
Health savings accounts
IRA accounts
Mortgage loans and refinancing
Personal checking accounts
Personal loans and auto loans
Personal savings accounts and CDs
Wealth management and trust services

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • FDIC-insured deposits backed by U.S. government guarantee
  • Community-owned structure ensures local reinvestment and decision-making
  • Specialized agricultural lending and farm programs for rural customers
  • Long operational history since 1864 demonstrates institutional stability
  • Comprehensive digital banking platform with credit score monitoring and financial insights
  • Wealth management and trust services with dedicated staff
  • Multiple service channels: physical branches, ATMs, digital banking, and mobile wallets

Cons

  • Geographic service limitations as a regional bank restrict accessibility for non-local customers
  • Limited public information on fee structures, interest rates, and specific loan terms on website
  • No mention of competitive APY rates or product details compared to national banks
  • Business lending eligibility and terms not clearly detailed on available pages
  • Website does not provide account opening process or current promotional offers

Rating Breakdown

Value
5.0
Effectiveness
3.7
Customer Service
3.8
Transparency
4.0
Ease of Use
4.5

Consumer Complaint Record

First Bank received 39 consumer complaints in the past 12 months. All complaints received a timely response from the company.

39

Complaints (12 months)

23.8%

Resolved with relief

Stable

Complaint trend

Most Common Complaint Categories

Managing an account
33.3%
Problem caused by your funds being low
14.3%
Problem with a lender or other company charging your account
11.1%

8 FDIC-insured branch locations nationwide.

Source: Consumer Financial Protection Bureau · FDIC BankFind

Frequently Asked Questions

What services does First Bank offer?

First Bank offers 12 services including Personal checking accounts, Personal savings accounts and CDs, Health savings accounts, IRA accounts, Personal loans and auto loans, and 7 more.

Who is First Bank best suited for?

First Bank is best suited for Rural and agricultural customers needing specialized farm lending programs, Iowa residents seeking community-invested banking with local ownership, Small business and agricultural operations requiring relationship-based lending, Customers prioritizing FDIC insurance and community bank personalized service.

What are the strengths and weaknesses of First Bank?

Key strengths: FDIC-insured deposits backed by U.S. government guarantee; Community-owned structure ensures local reinvestment and decision-making; Specialized agricultural lending and farm programs for rural customers. Areas to consider: Geographic service limitations as a regional bank restrict accessibility for non-local customers; Limited public information on fee structures, interest rates, and specific loan terms on website.

How does First Bank compare to similar companies?

In the Banks category, comparable providers include American State Bank, American State Bank, American Trust and Savings Bank. Each company has different strengths — compare services, pricing, and consumer complaint records to find the best fit.

Quick Facts

Founded
1864
Headquarters
Waverly, IA
BBB Accredited
No
Certifications
FDIC Insured FDIC Cert #4519
Visit First Bank

CreditDoc Diagnosis

Doctor's Verdict on First Bank

First Bank is best suited for customers in Iowa and surrounding regions seeking FDIC-insured community banking with agricultural lending expertise and local ownership reinvestment. Primary caveat: as a regional institution, it lacks the digital innovation and geographic accessibility of national banks, and specific product terms, fees, and current rates require direct contact with the bank.

Best For

  • Rural and agricultural customers needing specialized farm lending programs
  • Iowa residents seeking community-invested banking with local ownership
  • Small business and agricultural operations requiring relationship-based lending
  • Customers prioritizing FDIC insurance and community bank personalized service
Updated 2026-05-08

Similar Companies

American State Bank logo

American State Bank

Regional bank operating in Iowa and South Dakota since 1913, offering checking, savings, mortgages, investments, and insurance through its parent company Ambank Company.

4.3/5
BBB:

Best for: Residents of Iowa and South Dakota communities served by American State Bank seeking full-service regional banking, Customers wanting integrated banking, investment, and insurance services from a single institution

American State Bank logo

American State Bank

American State Bank is a community bank offering FDIC-insured checking, savings, debit cards, online banking, and mortgage lending services across multiple Iowa locations.

4.3/5
BBB:

Best for: Residents of Osceola, Lamoni, Winterset, and surrounding Iowa communities, Customers who value personal relationships and local decision-making over branch convenience

American Trust and Savings Bank logo

American Trust and Savings Bank

Community bank in Lowden, Iowa offering personal checking, savings, loans, and digital banking since 1913 with emphasis on local relationships.

4.3/5
BBB:

Best for: Agricultural businesses and farmers seeking specialized farm lending in Iowa, Small business owners in rural Iowa communities preferring local banking relationships

Is First Bank Right for You?

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