1st National Bank

What 1st National Bank does

1st National Bank is an FDIC-insured, nationally chartered community bank headquartered in Lebanon, Ohio, serving consumers, small-to-mid-size businesses, and homebuyers across Southwestern Ohio — primarily the Warren County corridor and the greater Cincinnati/Dayton metropolitan area. Founded in 1853 and privately held, the bank operates six physical banking centers (Centerville, Lebanon, Liberty Township, Mason, Maineville, Morrow) plus a digital channel stack comprising an iOS/Android mobile app, a personal and business online banking platform, a self-serve mortgage application portal, and a 24/7 telephone banking line.

The product portfolio is anchored in deposit gathering (consumer and business checking tiers, savings, money market, CDs, HSAs) and a diversified residential mortgage book spanning conventional, FHA, VA, USDA, HomePossible, and the proprietary Affordable Rate Program, alongside auto, personal, and home-equity loans. On the consumer credit side, the bank distributes Rewards Platinum, Cash Rewards Platinum, and Visa Signature cards through TCM Bank. Business banking is a growing vertical delivered through a modular cash-management stack (Positive Pay, Remote Deposit Capture, ACH, eZBusiness commercial card management, CelerCommerce merchant processing, and Sage-integrated payroll).

Revenue is generated primarily through net interest income on the loan-to-deposit spread, supplemented by deposit account fees, mortgage origination income, interchange and credit-card fees, and treasury-management service charges. The go-to-market model is community-led (relationship banking, local decision-making, school partnerships, and earned-media coverage including Forbes Best-In-State Banks 2024) overlaid with a sales-led motion for mortgage and commercial lending via dedicated mortgage bankers and commercial lenders. The bank does not disclose revenue, total assets, or deposit figures publicly; operations appear funded entirely through deposits and retained earnings with no disclosed equity capital raises or institutional investors.

Name

1st National Bank

Legal name

1st National Bank

Website

https://bankwith1st.com

Company type

Private

Founded year

1853

Operating status

Operating

Headcount range

11–50 employees

Short description

1st National Bank is a privately held, FDIC-insured community bank in Lebanon, Ohio, operating six branches across Southwestern Ohio to deliver deposit accounts, residential mortgages, consumer credit cards, and small-business banking to households, SMBs, and homebuyers in the Cincinnati–Dayton corridor.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Retail banking services
• Community banking
• Mortgage lending
• Business banking services
• Consumer lending

Headquarters

HQ city

Lebanon

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Primary revenue stream from the spread between interest earned on loans (mortgages, auto loans, personal loans, business loans) and interest paid on deposits (checking, savings, money market, CDs)
2. Deposit Account Fees: Monthly maintenance fees on checking and savings accounts, overdraft fees, ATM fees, wire transfer fees, and stop payment fees
3. Mortgage Banking: Origination and servicing of mortgage loans including conventional, FHA, VA, USDA, and specialized programs like HomePossible and Affordable Rate Program
4. Business Banking Services: Cash management services, credit card processing, ACH transfers, payroll processing, and business credit cards generating transaction and processing fees
5. Credit Card Operations: Interchange revenue from credit card transactions plus annual fees, late fees, and interest charges on revolving balances

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

1st National Bank is a community bank providing personal and business deposit accounts (checking, savings, money market, CDs, HSAs), consumer and commercial lending (fixed-rate, FHA, VA, USDA, HomePossible and Affordable Rate mortgages, home equity, auto, personal, business lines of credit, equipment, construction), and credit cards, delivered through six Southwestern Ohio branches plus online and mobile banking channels. Customers also access cash management services including Positive Pay, Remote Deposit Capture, ACH, payroll, and merchant credit card processing.

Product overview

1st National Bank is a community bank serving Southwestern Ohio, offering a comprehensive suite of personal and business banking products through both traditional branch services and digital channels. The core product portfolio centers on deposit accounts (checking, savings, CDs, HSAs), credit cards (Rewards Platinum Visa, Cash Rewards Platinum Visa, Visa Signature), and lending products (mortgages including FHA, VA, USDA, HOMEPOSSIBLE, and Affordable Rate Program; auto loans; personal loans; home equity). Business banking includes specialized checking accounts with tiered features, cash management services (Positive Pay, Remote Deposit Capture, ACH, Payroll Processing), and merchant services. The bank also offers proprietary programs like Ohio Homebuyer Plus Savings (6% APY) and FHLB Welcome Home grants. Digital access is provided via Business Online Banking platform and mobile applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts (Secure Checking, 1st Checking, Simple Checking, Student Checking, Senior Checking) Tiered personal checking accounts for individuals and families, including Secure Checking with bundled IDProtect, cell phone protection, rewards and AD&D coverage, and basic options such as Simple Checking with no monthly fee.
• Personal Savings Accounts (Simple Savings, Money Market Savings, Health Savings Account) Interest-bearing personal savings products including a Money Market savings account with tiered APY up to 2.75%, and a tax-advantaged HSA for healthcare expenses.
• Certificates of Deposit (CD) Fixed-term CDs including 5-month and 11-month terms at 3.35%-3.40% APY with relationship pricing and $1,000 minimum opening deposit.
• Ohio Homebuyer Plus Savings High-yield savings account offering 6.00% APY on balances $500-$25,000 and 4.97% APY on $25,000-$100,000, designed to help Ohio residents save for home purchases within 5 years.
• Personal Credit Cards (Rewards Platinum Visa, Cash Rewards Platinum Visa, Visa Signature) Consumer credit cards including rewards, cash back, and travel benefit options issued through TCM Bank.
• Fixed-Rate Mortgage and Mortgage Refinance Traditional fixed-rate residential mortgages with 15- or 30-year terms, plus refinance options.
• FHA Loan Government-backed mortgage requiring as little as 3.5% down with flexible credit requirements and DTI up to 43%, serving low-to-moderate income borrowers.
• VA Loan Zero-down-payment government-backed mortgage for eligible veterans, active-duty service members, and surviving spouses with no PMI and flexible credit terms.
• USDA Mortgage Zero-down-payment rural mortgage with flexible credit requirements and income limits at 115% of area median, serving low- and moderate-income rural and suburban buyers.
• HomePossible Program (Freddie Mac) Conventional mortgage allowing 3% down payment, up to $2,500 toward closing costs, and reduced interest rates for income-restricted eligible borrowers.
• Affordable Rate Program (ARP) Special mortgage offering rates up to 2% below current market levels for households earning 80% or less of Area Median Income, on primary residences.
• Platinum Preapproval Program Mortgage pre-approval program helping buyers obtain a conditional loan commitment before house hunting.
• Home Equity Loans Secured loans that use home equity as collateral for various consumer financial needs.
• Auto Loans Vehicle financing with low rates, flexible terms, and pre-approval and refinance options.
• Personal Loans Unsecured personal loans for debt consolidation, medical expenses, home improvements, and other consumer needs.
• Business Deposit Accounts (Business Checking, Simple Business Checking, Business Interest Checking, Non-Profit Business Checking, Business Savings) Tiered business checking accounts with earnings credits to offset fees, plus non-profit and interest-bearing options and a Business Savings product.
• Business Credit Cards Credit cards issued for business customers to manage corporate spending and earn rewards.
• Commercial Lending (Real Estate, Equipment Purchase & Refinance, Business Construction & Development, Business Lines of Credit) Commercial loans for real estate, equipment, construction/development financing, and revolving lines of credit for businesses.
• Business Online Banking (Basic and Premium tiers) Online cash management platform for businesses with Basic ($9.95/month) and Premium ($14.95/month) tiers that include ACH, wire transfers, alerts, and 24/7 access.
• Remote Deposit Capture (RDC) Service allowing businesses to deposit checks remotely by scanning and transmitting check images electronically.
• ACH Services (Magic Wrighter) Automated Clearing House service for batch electronic payments and fund transfers for business customers.
• Payroll Processing Business payroll processing service integrated with Sage payroll solutions for managing employee pay.
• Credit Card Processing (Merchant Services) Merchant services for processing customer credit and debit card payments via the CelerCommerce third-party platform.
• Positive Pay (Check and ACH Fraud Prevention) Fraud prevention service that matches checks and ACH transactions against issued payments for business accounts.
• eZBusiness Commercial Card Management Card management platform for administering business debit and credit cards and controlling employee card usage.
• 1st National Bank Mobile App Mobile banking application for iOS and Android providing 24/7 account access, transfers, mobile check deposit, and account monitoring for personal and business customers.
• FHLB Welcome Home Program (Down Payment Assistance Grants) Down payment assistance grant program offering up to $25,000 for veterans and surviving spouses and up to $20,000 for other homebuyers, accessed through the bank's FHLB Cincinnati membership.

Quantifiable outcome

• 6.00% APY available on Ohio Homebuyer Plus savings for balances $500-$25,000
• +4 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ohio Treasurer's OfficecoreStrategic or Co-development Partner · 1 January 20251st National Bank partners with the Ohio Treasurer's Office to administer the Ohio Homebuyer Plus savings program. This partnership allows the bank to offer high-yield savings accounts (6.00% APY) to Ohio residents saving for home purchases. The program is tax-advantaged and allows funds to be used within 5 years for qualified home purchases.
• Mason High SchoolminorStrategic or Co-development Partner · 1 January 20251st National Bank collaborates with Mason High School Marketing students to help them develop real-world marketing skills. Students work on relevant financial topics like smart spending and distinguishing needs vs. wants, providing practical business experience while supporting financial education in the community.
• Freddie MaccoreTechnology or Integration · 1 January 20241st National Bank offers the Freddie Mac HomePossible mortgage program, providing eligible borrowers with access to conventional mortgages featuring low 3% down payments, competitive interest rates, and down payment/closing cost assistance up to $2,500. This partnership enables the bank to serve low-to-moderate income borrowers with more flexible conventional financing options.
• Federal Housing Administration (FHA)coreTechnology or Integration1st National Bank offers FHA-insured mortgage loans, which are government-backed loans designed to help middle to low-income families and those with limited savings or credit qualify for homeownership. FHA backing reduces lender risk, enabling more flexible qualification terms including lower down payments (as low as 3.5%) and credit score requirements.
• U.S. Department of Veterans Affairs (VA)coreTechnology or Integration1st National Bank offers VA home loans for eligible veterans, active-duty service members, and surviving spouses. These government-backed loans feature competitive rates, no down payment requirements, no PMI, and flexible credit terms. The bank's lenders assist customers in obtaining Certificates of Eligibility (COE) from the VA.
• U.S. Department of Agriculture (USDA)coreTechnology or Integration1st National Bank participates in the USDA Section 502 Guaranteed Loan Program, offering zero-down-payment mortgage options for eligible buyers in rural and suburban areas. The program serves low- and moderate-income borrowers with flexible credit requirements and competitive interest rates.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Huntington Bancshares: Huntington Bancshares is a Columbus, Ohio-based regional bank with extensive retail, mortgage, commercial, and small-business banking operations across Ohio and the Midwest. It overlaps heavily with 1st National Bank's product suite and customer segments at much greater scale.
• Fifth Third Bancorp: Fifth Third Bank is a major Cincinnati, Ohio-headquartered regional bank with a full retail, mortgage, commercial, and wealth management platform. It competes with 1st National Bank across the same Cincinnati/Dayton market as a much larger incumbent with overlapping products and broader digital capabilities.

Direct peers

• Peoples Bancorp Inc. Peoples Bancorp is a Marietta, Ohio-based community bank holding company serving Ohio, Kentucky, and West Virginia with comparable retail banking, mortgage origination, and commercial lending capabilities. Similar scale and operating geography make it a relevant comparator.
• WesBanco Inc. WesBanco is a multi-state community bank holding company (Wheeling, WV) offering comparable retail deposit, mortgage, business banking, and cash management products across Ohio, West Virginia, and Pennsylvania. Similar scale, community-bank operating model, and product breadth.
• Stock Yards Bancorp: Stock Yards Bank is a Louisville, KY-based community bank with overlapping presence in Kentucky, Indiana, and Ohio, offering similar deposit, mortgage, wealth, and cash management products to consumer and SMB customers. Comparable as a growth-oriented regional community bank.
• S&T Bancorp: S&T Bancorp is an Indiana, Pennsylvania-based community bank holding company offering deposit, mortgage, commercial lending, and wealth products comparable to 1st National Bank's offerings. Similar size, community-banking philosophy, and product breadth make it a meaningful comparator.
• First Financial Bancorp: First Financial Bank is a Cincinnati, Ohio-based community banking franchise with overlapping deposit, mortgage, and small-business banking operations in the same Southwestern Ohio territory. Directly comparable in market geography and product set.
• LCNB Corp: LCNB Corp (LCNB National Bank) is headquartered in Lebanon, Ohio — the same city as 1st National Bank — operating as a community bank with comparable deposit-gathering, mortgage, and commercial lending focus in the Cincinnati/Dayton market. The geographic overlap and product similarity make it the most directly comparable peer.
• Park National Corporation: Park National is an Ohio-headquartered community bank holding company (Newark, OH) operating a similar personal/business banking and mortgage-focused model with strong community-banking orientation across Ohio markets. Comparable to 1st National Bank in product mix, scale, and community-bank strategy.

Regional players

• Wright-Patt Credit Union: Wright-Patt Credit Union is a Dayton, Ohio-based member-owned financial institution serving the same Southwestern Ohio market with overlapping checking, savings, mortgage, and consumer lending products. Comparable as a competitor within the same regional footprint rather than as a stock-community bank peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/1NB
• Facebookfacebook.com/1stnationalbankcincinnati
• LinkedInlinkedin.com/company/1st-national-bank
• Instagraminstagram.com/1stnationalbank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st National Bank