Enjoy the advantage of banking with First National. We’re independently owned and operated, a Northwoods Family business since 1922.  Loan decisions are made in house with the well being of the local community and your personal success taken into consideration. 
Each of our offices in Eagle River, Phelps, St. Germain and Three Lakes is staffed with a member of our Lending Team. He or She can assist you with our complete line of Full-Service Commercial Loans for purchase or development of your new or existing business.  
  • Purchase and Refinance of Commercial Real Estate
  • Commercial Equipment
  • Working Capital Lines of Credit
  • Letters of Credit
    Each loan transaction is competitively priced with an interest rate that reflects the risk associated with your particular circumstances. Our underwriting guidelines take into consideration the seasonality of many businesses in our area, and options for alternate payment schedules allowing as few as nine monthly payments per year are available. This generates larger payments during your high volume season, when cash is more plentiful, and skips payments during your off-season.  
    Your loan approval will come from our loan committee, which is comprised of local Board Members and Bank Officers who understand business in the Northwoods. We don’t use third-party closing agents, or centralized underwriting centers. Your loan is originated, approved, underwritten and closed at the office by your lender or branch manager.  
    Local ownership and operation allows us the flexibility to provide you a customized loan package that meets the needs of your business. Once your loan is closed, our relationship does not end. All servicing is done here as well. The same professionals who helped establish and close your loan are here to personally answer your questions throughout the life of your loan and beyond. Make First National Bank of Eagle River a part of your business and experience the independent hometown bank advantage. 
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