The First National Bank Of St. Ignace is a bank based in St. Ignace, Michigan, established in 1888, with $334 million in total assets across 7 branches. By Trust Grade it ranks 68th of 73 banks we track in Michigan. Its capital ratio of 5.3% trails most similarly sized banks (1th percentile), versus a Michigan median of 9.6%. It was profitable over the most recent period, with a 0.63% return on assets. No consumer complaints against The First National Bank Of St. Ignace appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How The First National Bank Of St. Ignace compares to Michigan peers
How we graded The First National Bank Of St. Ignace
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (5.3% capital ratio)
- Profitable (ROA 0.63%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for The First National Bank Of St. Ignace over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (7)
- 192 South Meridian Street, Cedarville, MI 49719
- 7399 Market St, Mackinac Island, MI 49757
- W11635 Us Highway 2, Naubinway, MI 49762
- 580 N State St, St. Ignace, MI 49781
- 1014 Newberry Ave, Newberry, MI 49868
- 132 N State St, St. Ignace, MI 49781
- 920 Us Highway 2 W, Saint Ignace, MI 49781
Are deposits at The First National Bank Of St. Ignace insured?
Yes. The First National Bank Of St. Ignace is an FDIC-insured bank (FDIC certificate #5074). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
The First National Bank Of St. Ignace: frequently asked questions
Is The First National Bank Of St. Ignace a good bank?
The First National Bank Of St. Ignace earns a Bankzia Trust Grade of C (78/100, "Average"), based on a financial-strength score of 78/100 (it has no CFPB complaints on record). Well-capitalized (5.3% capital ratio); Profitable (ROA 0.63%).
Is The First National Bank Of St. Ignace FDIC-insured?
Yes. The First National Bank Of St. Ignace is a FDIC-insured bank (FDIC certificate #5074). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is The First National Bank Of St. Ignace?
The First National Bank Of St. Ignace holds $334 million in total assets, ranking 68th of 73 banks we track in Michigan. It operates 7 branches.
Does The First National Bank Of St. Ignace have CFPB complaints?
No CFPB complaints against The First National Bank Of St. Ignace appear in our data over the analysis window, which is typical for a bank of this size.
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Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
