FNB Named Business of the Year by Sheridan County Board of Realtors

JULY, 2019 - First Northern Bank of Wyoming is honored to be awarded Business of the Year by the Sheridan County Board of Realtors ® in recognition of the Bank's involvement and contributions to the Sheridan community. "We're honored to receive this recognition from the Sheridan County Board of Realtors. Their efforts in our community pave the way for economic growth, quality of life and the dream of home ownership for our friends and neighbors. We're proud and honored to be a part of the Sheridan community." said FNB President Scott McBride. 
 
"The mission of the Sheridan County Board of Realtors (SCBOR) is to provide members with the education and resources that will enable them to conduct business successfully and professionaly; to promote and endorse REALTOR® Code of Ethics; to be the leading advocate of the real estate industry, private property rights, home ownership, and the issues that most affect the Associations' members; and to enhance a positive REALTOR® image throughout our community, ensuring that the REALTOR® remains foremost to the real estate transaction."
 
 

Good Credit is Key to Solid Financial Future

First Northern Bank of Wyoming and ICBA Offer Tips to Establish and Maintain Good Credit

JANUARY, 2019 - The New Year is the perfect time to establish financial wellness goals. First Northern Bank of Wyoming and the Independent Community Bankers of America (ICBA) are reminding consumers, it's easier to build a credit score than to repair a bad one.
 
"Having a good credit history is key to any financial plan," said Ryan Fieldgrove, Chief Credit Officer of First Northern Bank in Buffalo. "Credit scores take into consideration years of past behavior, so it's important to establish a history of responsible credit practices and build your score by maintaining good habits now - it will be worth it. FNB is here to help you every step of the way."
 
First Northern Bank and ICBA offer the following tips to help build and maintain good credit.
 
  • If you are just beginning to establish your credit history, open a checking account and keep careful track of your balance.
  • Use debit and credit cards for convenience and safety, but not to overspend. Missed or late payments damage your credit and hurt your credit score.
  • A good mix of credit (such as revolving credit line and an installment loan) also boost your credit score and further shows that you can manage different types of credit.
  • Demonstrate stability in the three to six months before a major purchase. Avoid opening or closing accounts or moving large amounts of money around.
  • Build an emergency fund equal to at least six months of living expenses. If the unexpected happens, you will still be able to pay fixed expenses instead of falling behind.
  • Alter your credit focus as you approach life-cycle stages. As you near retirement, for example, start paying down major purchases (such as a mortgage).
  • Monitor your credit regularly so you can correct any errors and detect any potential signs of identity theft. Order a copy of your credit report annually from www.annualcreditreport.com
"Establishing good spending and saving habits, and sticking with them, is critical when times are tough and can go a long way toward helping you achieve your financial goals," said ICBA President and CEO Rebeca Romero Rainey. "Your local community bank can serve as a great resource to help you get started on the road to establishing good credit, which serves as the foundation for a more secure financial future."
 

First Northern Bank Welcomes Ag & Commercial Lender, Nate Boyd

JANUARY, 2019 - First Northern Bank is honored to be able to introduce one of our newest employees at our Sheridan office, Nate Boyd. Nate grew up in Basin, WY and graduated with a degree in Agriculture Business from the University of Wyoming. Nate brings deep knowledge of the ag and business communities. Outside of the Bank, Nate enjoys getting to the mountains as much as possible: roping, hunting, fishing and the occasional golf game. He can also be found guiding hunters in the fall. 
 
Welcome to our banking family, Nate!
 
 
 

First Northern Bank Welcomes Commercial & Consumer Lender, Kip Junker

JULY, 2017 - First Northern Bank is proud to announce the hiring of Kip Junker as Vice President, Commercial Lender in our Gillette branch. With his extensive banking experience and long history in Gillette, Kip will be a wonder addition to our team.

Kip Junker began his banking career in 1979, and moved to Gillette in May of 1987. Kip has held numerous positions within the banking industry and is very excited to be part of a hometown community bank. Kip has been married for almost 30 years and has been very involved in the Gillette community. One of his favorite projects is "Coats for Kids" through the Gillette Kiwanis Club where they give away approximately 1,000 coast every winter to families in need.


Savings for Rural Development Home Buyers

OCTOBER, 2016 - Exciting news is ahead for consumers who qualify for a Rural Development loan. Effective October 1, 2016, Rural Development will significantly reduce both the upfront guarantee fee as well as the annual fee that is charged monthly.

What does this mean for you?

The upfront guarantee fee is changing from 2.75% to 1.0% of the loan amount, and the monthly fee will change from 0.50% to 0.35%. For example, purchasing a $200,000 home loan will save you $3,500 on the upfront funding fee and $25 per month. That's a combined savings of $12,500 over the duration of the loan in comparison to current RD fees.

Interested in learning more? Contact your local mortgage lender today

All credit and loans products are subject to credit approval. Other fees may apply. Information is subject to change without notice. First Northern Bank of Wyoming - NMLS # 402576



First Northern Bank of Wyoming Announces New Ranch Real Estate Loan Product

Long-term, fixed financing for agricultural land
 

FEBRUARY, 2016 - First Northern Bank is proud to announce a new loan product designed to provide long-term, fixed financing for ranch land. Through this product, qualified borrowers will discover a variety of financing options for purchasing property to keep their business growing and successful.

Until now, purchasing agricultural land was typically met with limited financing options. First Northern Bank's Ranch Real Estate Loan product takes a new approach to eligibility, making it easier for borrowers to qualify for 10-30-year fixed-rate financing. Plus, these new loan options offer more competitive rates and even pre-payment options, without penalty.

"Financing ranch land is a uniquely different process," said Ryan Fieldgrove, V.P. and Senior Lending Officer with First Northern Bank. "It's important for ranchers to work with a lender who specializes in agricultural financing, so they understand the challenges these producers face. We've worked hard to provide part-time and full-time farmers with the options they deserve to grow their operations and meet their business goals."

To learn more about this new Ranch Real Estate Loan Product, visit our agricultural lending page or contact one of our agricultural loan officers at your local branch.


First Northern Bank of Wyoming Announces New Mortgage Program

Flexible financing for country living.

FEBRUARY, 2016 - First Northern Bank is proud to announce the recent addition of RuraLiving, a new rural residential mortgage program. Under the new program at First Northern Bank, qualified borrowers can receive affordable, flexible financing for the country home of their dreams.

Until now, acquiring financing for rural and small ranch properties has been met with limited financing options. The RuraLiving Home Mortgage program offers long-term 30- and 15-year fixed rate financing, with a competitive rate advantage.

"RuraLiving is different than most traditional mortgage programs." said Ryan Fieldgrove, Senior Lending Officer with First Northern Bank. "This program is specifically designed for rural homes and hobby farm properties that do not follow traditional mortgage financing guidelines."

To learn more about this exciting new residential mortgage program, contact a loan officer at your local branch in Buffalo, Sheridan or Gillette or visit our RuraLiving page.