• Phone
    Locations:
    St. Peter: (507) 931-4000
    Mankato: (507) 625-1121
    Gaylord: (507) 237-5521
  • Hours
    Lobby:
    Mon-Thur: 8:30am to 4pm
    Fri: 8:30am to 5:30pm
    Drive-up:
    Mon-Fri: 7:30am to 5:30pm
    Sat: 7:30am to 12pm
  • Directions

Business Banking

First National Bank Minnesota understands how valuable your business is to the local community. We offer highly experienced commercial lenders who can provide customized service for your business, no matter how large or small.

We also have business banking solutions for all businesses. Our safe, simple and straightforward business products are designed to meet your growing business needs.

Please contact one of our locations for more information.

First National Bank MInnesota St-sm
St. Peter
First National Bank Minnesota Mankato Branch-sm
Mankato
First National Bank Minnesota Gaylord Branch-sm
Gaylord

Checking Accounts

First National Bank Minnesota offers a variety of checking options for businesses. We invite you to visit our locations so we can help you analyze what is best for you.

Free Checking

  • Description: For businesses with few transactions
  • Minimum Balance: None
  • Maintenance Fee: None
  • Fees & Options:
    • 100 items free; $.20 for each additional item
    • Images provided
    • Free incoming ACH items
    • Returned deposited checks $4.00

 

Economy Checking

  • Description: For larger businesses
  • Minimum Balance: None; eligible businesses earn interest on collected balances of $1,000 or greater
  • Maintenance Fee: $15 monthly maintenance fee
  • Fees & Options:
    • 200 items free; $.20 for each additional item
    • Images provided
    • Free incoming ACH items
    • Returned deposited check $4.00

 

Analysis Checking

  • Description: For high-volume businesses
  • Minimum Balance: None
  • Maintenance Fee: $7.50 monthly
  • Fees & Options:
    • Free incoming ACH items
    • $.15 per check
    • $.05 deposit items on-us
    • $.08 deposit items not-on-us
    • Uncollected Funds usage: Prime + 4%
    • Earnings credit to offset service charges
    • Returned deposited check $4.00
    • Images provided

Savings & CDs

Business Savings

  • Tiered variable rates
  • No service fee with $300 minimum balance; $5 monthly charge if below minimum
  • Interest is calculated daily, paid quarterly; quarterly statement

 

Unlimited withdrawals in person, six automatic or telephone transfers allowed per month. There is a $10 per month item fee in excess of these limits.

Preferred Money Market

We offer a Commercial Money Market account that pays competitive rates and offers several convenient ways to access funds.

  • $1,000 minimum balance
  • Tiered interest rates based on the collected balance
  • Images provided

 

Unlimited withdrawals in person, six automatic or telephone transfers allowed per month. There is a $10 per month item fee in excess of these limits.

Certificate of Deposits (CDs)

First National Bank Minnesota offers Certificates of Deposits and IRAs, please check with the personal banking team for interest rates that are applied to each account. Rates are subject to change at anytime without notice.

 

Loans

Business Loans

Businesses come in many varieties. All requests are worth considering from income producing properties to small business opportunities.

Real Estate, Equipment, and Lines of Credit – we have the expertise to customize a financial package that will work for you.

Business Services

Bill Pay

Merchant Services

Increase sales by accepting credit and debit cards at your retail establishment

 

Wire Transfers

Funds can be transferred electronically, quickly, and efficiently with wire transfers

 

Cash Management (ACH Services)

 

Business Remote Deposit Capture

Introducing Business Remote Deposit Capture!

Make deposits when YOU choose * 3 Easy steps * Save time * Reduce cost * Reduce risk

 

We offer highly experienced commercial lenders who can provide customized service for your business, no matter how large or small.