1st National Bank of Dennison: A Pillar of Financial Stability in Ohio

Introduction

Since its inception in 1872, 1st National Bank of Dennison has played a pivotal role in the economic development of Dennison, Ohio, and the surrounding region. With a rich history spanning over a century and a half, the bank has consistently provided a wide range of financial services to individuals and businesses, fostering financial well-being and economic growth in its community.

Core Values and Mission

The 1st National Bank of Dennison is guided by a steadfast commitment to excellence, integrity, and community involvement. The bank's core values include:

• Customer Focus: Providing exceptional financial services that meet the evolving needs of every customer.
• Financial Stability: Maintaining a strong financial foundation to ensure the safety of deposits and the prudent management of risk.
• Community Involvement: Actively supporting the local community through financial education, volunteerism, and charitable giving.

Services and Products

The 1st National Bank of Dennison offers a comprehensive suite of financial products and services tailored to meet the diverse requirements of its customers. These services include:

• Personal Banking: Checking and savings accounts, debit cards, online banking, mobile banking, and personal loans.
• Business Banking: Commercial checking and savings accounts, business loans, lines of credit, and merchant services.
• Lending: Mortgage loans, home equity loans, auto loans, and personal loans for a wide range of needs.
• Wealth Management: Investment advisory services, financial planning, and trust services to help individuals achieve their financial goals.

Financial Performance

The 1st National Bank of Dennison has consistently maintained a strong financial performance, reflecting its prudent management practices and commitment to customer satisfaction. According to the Federal Deposit Insurance Corporation (FDIC), as of June 30, 2023, the bank had:

• Total assets of $256.4 million
• Net income of $4.5 million
• Return on equity (ROE) of 9.2%
• Texas Ratio of 1.4%

These figures demonstrate the bank's financial strength and its ability to generate sustainable profits while maintaining a low level of risk.

Community Involvement

The 1st National Bank of Dennison recognizes that its success is inextricably linked to the prosperity of its community. The bank actively participates in various community initiatives, including:

• Financial Education: Providing financial literacy programs to students, senior citizens, and low-income individuals.
• Volunteerism: Encouraging employees to volunteer their time to local non-profit organizations.
• Charitable Giving: Supporting local charities and organizations that address critical community needs.

Effective Strategies

The 1st National Bank of Dennison has implemented several effective strategies to maintain its position as a leading financial institution in the region. These strategies include:

• Customer-Centric Approach: The bank places the highest priority on meeting the unique needs of every customer.
• Innovation and Technology: The bank continuously invests in technology to enhance the customer experience and streamline operations.
• Employee Development: The bank is committed to the professional growth and development of its employees.
• Community Involvement: The bank actively supports the local community through various initiatives and partnerships.

Common Mistakes to Avoid

To ensure a successful banking experience, it is essential to avoid common mistakes. These mistakes include:

• Overspending: Track your expenses carefully to avoid overdrawing your accounts.
• Not Monitoring Your Credit: Regularly review your credit report to identify any potential issues.
• Falling for Scams: Be wary of phishing emails and fraudulent phone calls that attempt to trick you into providing personal information.

How to Step-by-Step Approach

Opening an Account:

1. Visit a 1st National Bank of Dennison branch or go online to the bank's website.
2. Bring a valid ID and proof of address.
3. Choose the type of account you wish to open.
4. Complete the account application form and provide the necessary documentation.

Applying for a Loan:

1. Determine the type of loan you need and gather the necessary financial documents.
2. Visit a bank branch or submit an online loan application.
3. Submit the required documentation, including proof of income and assets.
4. Review the loan terms and conditions carefully before signing.

Managing Your Finances:

1. Set financial goals and create a budget to track your income and expenses.
2. Use online banking or mobile banking to conveniently manage your accounts.
3. Take advantage of financial planning services to optimize your savings and investment strategies.

Call to Action

If you are looking for a reliable and customer-focused financial institution in Dennison, Ohio, the 1st National Bank of Dennison is the ideal choice. With a strong track record of financial performance, a commitment to community involvement, and a wide range of products and services, the bank is well-positioned to meet your financial needs.

Visit the bank's website at www.1stnbdennison.com or call (740) 922-2011 to learn more and schedule an appointment.

Tables

Table 1: Key Financial Indicators

Table 2: Customer Service Statistics

Table 3: Community Involvement