First National Bank in Gladstone was established on August 14, 1916. Five years later, a quote from the "Delta County Reporter" reflected on the bank's practice of "modern banking methods in which the public is given the benefits of all accommodations in which safety and conservative management will permit." In the Year 2016, we celebrated 100 years in banking framed on this foundation and dedication.
The small community bank's hundred-year journey saw new ownership in the Year 1988, changing the name thereafter to First Bank, Upper Michigan, and establishing a branch office in Escanaba in the Year 1990. The opening of our new main office occurred in the Year 1992. In the Year 2000, a larger branch office was opened in Escanaba, the same year First Bank added a trust department, now the Investment Management Group, offering both investment and trust services, and also opened a branch office in the village of Garden.
The world has seen tremendous changes over these hundred years, and the landscape of banking has also changed dramatically. Sound management and strong customer service are common threads that have been woven throughout time to carry the bank forward. We are proud of the history of First National Bank in Gladstone and proud to continue to add to the history as First Bank, Upper Michigan.
First Bank added to the history of the organization in November 2017, with the merger of Northern Michigan Bank & Trust by the parent company First Bancshares Corporation. First Bank expanded to nine offices, with presence in the northern and western regions of Upper Michigan. For information visit our News.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154