Intro – The Farmers National Bank of Canfield Reviews & Ranking
AdvisoryHQ recently published its list and review of the top banking firms in Ohio, a list that included The Farmers National Bank of Canfield.
Below we have highlighted some of the many reasons The Farmers National Bank of Canfield was selected as one of the best banking firms in Ohio.
Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.
The Farmers National Bank of Canfield Review
Founded in 1887, Farmers National Bank of Canfield has been proudly serving the citizens of Ohio for 130 years.
This Ohio bank is still headquartered in Canfield, Ohio, where it got its start more than a century ago in the town’s center with a single employee. This Ohio-bred bank is a staple of the Mahoning Valley and is their leading community bank.
Today Farmer National Bank has grown to include 38 banking locations in Ohio and Pennsylvania and holds more $1.6 billion in assets.
Even with the enjoyment of such substantial growth, this community bank still believes in one-on-one service and still strives to show their dedication and commitment to their customers by providing them with superb customer service.
Image Source: Farmers National Bank of Canfield
Key Factors Leading Us to Rank This Firm as One of This Year’s Top Banking Firms
Upon completing our detailed review, The Farmers National Bank of Canfield was included in AdvisoryHQ’s ranking of this year’s best banking firms based on the following factors.
The Farmers National Bank of Canfield Review: Bonus Checking
A Bonus Checking account at Farmer’s National Bank is an account that delivers on its promises. This interest-bearing account offers a phenomenal interest rate of 1.50% APY when qualifying conditions are met.
While some banks set difficult to achieve qualifying conditions, this bank in Ohio makes it easy to earn at the highest rate possible.
Qualifying conditions to earn the 1.50% APY are:
- One direct deposit or electronic debit per month
- 10 purchases with debit card per month
- Enrollment in eStatements
Many people will meet these requirements each month with no effort as they are things that they already do.
With only $100 minimum required to open and such an outstanding interest rate offered on a checking account, it is easy to see why Farmers National Bank was selected as a best bank in Ohio.
The Farmers National Bank of Canfield Review: 2% APY Certificate of Deposit Account
Farmers National Bank offers a 1.75% APY certificate of deposit account to their checking account holders. This high earning CD is perfect for those who wish to set aside some money long term while earning an excellent rate of interest.
Features of the 1.75% APY CD are:
- 60-month term
- $2,500 minimum to open
- May be opened with new or existing checking account
- Automatic renewal at end of term with 10-day grace period
The Farmers National Bank 1.75% APY CD is just right for those looking for a best bank in Ohio that offers great earning potential for their money.
Farmers National Bank of Canfield Review: Diverse Home Lending Options
If you’re looking for flexible and affordable home lending, Farmer’s National Bank of Canfield is a great place to start. They offer a wide range of mortgage loans, including:
- Fixed Rate
- Variable Rate
- Affordable Housing
- Neighborhood loans
- Home Improvement loans
- Bridge loans
With a full team of professional mortgage lending staff, members of The Farmers National Bank of Canfield can rest assured that they can lean on expert assistance throughout every step of the mortgage process.
In addition to the above The Farmers National Bank of Canfield review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:
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