About Us
President's
Message
Welcome to First Nations Bank and Bank of
Bourbonnais!
First
Nations Bank and Bank of Bourbonnais are happy to celebrate their 49th and 51st
years in business, respectfully, and I am proud to celebrate my 53rd year in
banking. We’ve been right here growing with the community and its residents who
have put their trust in us for all these years. First Nations Bank, formerly
known as the First National Bank of Wheaton, was acquired by our group of
investors in 1991. At that time, the bank’s assets were lingering at the $9
million mark. We made customer service our first priority, expanded the bank’s
product lines, and further grew by branching out to the northwest side of Chicago.
Unlike larger money-center banks which garner deposits from the community, we
reinvest those monies back into the community we serve.
In 1993,
our holding company acquired Bank of Bourbonnais. This acquisition
allowed us to double the amount of FDIC insurance to our customers. First
Nations Bank and Bank of Bourbonnais are sister banks maintaining separate
charters. Accounts can be opened and held respectively at each other’s
facility, benefiting from the aggregate FDIC insurance. Through our commitment
to the community, our banks have grown in excess of $600 million
today.
Throughout
the years we have established three full-service branches for First Nations
Bank, two located in Chicago and one in the southwest suburb of Wheaton IL.
Bank of Bourbonnais has a full-service facility in Bourbonnais
IL. Our wholly owned subsidiaries are Nations Wealth Management and
Financial Services, Inc., First Nations Tax Deferred Exchange Corp (1031
Exchanges) and Nations Title Company.
Our
commitment to our customers emphasizes financial solutions designed to meet
their personal and business needs. We have a wide array of products
and services geared toward entrepreneurial business. We have been acclaimed for
our Small Business Lending and have expanded this expertise by offering
Construction Loans for Multi-Family, Mixed Use Commercial and Residential
Properties. We offer SBA 504 and SBA 7A loans for business startups, plant
improvement, expansion, merger and acquisition.
In
conclusion, I feel our banks have a reputation based on trust, integrity, and
viability. This leads to the most important component that a financial
institution can earn. First Nations Bank and Bank of Bourbonnais are true
“Relationship Banks”; which is the key to success in good times and bad.
Florian
Barbi
President, CEO & Chairman of the
Board