Solutions built just for you and your family

Regular Commercial Checking

Whether your business is established or just starting out, we offer a flexible, efficient checking account with plenty of room to grow. Regular Commercial Checking delivers what you need to succeed!

Keep your books in order with free online banking, free mobile app and free eStatements — including imaged checks and deposits! Sorting through a pile of paper statements doesn’t have to be a “regular” occurrence anymore. Plus, you can give your transactions more flexibility by ordering your FREE check card today!

Regular Commercial Checking Essentials:

  • Minimum opening deposit of $100.00
  • $1.50 monthly service charge with a $0.15 per withdrawal fee for each debit transaction (withdrawal, check paid, automatic transfer, or payment out of this account).
  • You will earn a credit of $0.60 for each $100.00 of average balance in your account during the statement cycle. This earnings credit will be applied to reduce the monthly maintenance and per check fees. The earnings credit cannot exceed your total monthly maintenance and per check fees.
  • Unlimited check writing
  • Free online banking
  • Free eStatements
  • Free check card
  • Bill pay available
  • Free mobile app

Business NOW Checking

Earn competitive market interest, paid monthly on your entire balance with Business NOW Checking — available to qualifying non-profit organizations and sole proprietors.

Business NOW Checking Essentials:

  • Exclusive to non-profit organizations and sole proprietors (“doing business as”)
  • Competitive interest, monthly earnings
  • No monthly service charge long as you maintain a minimum balance of $1500.00
  • $3.00 monthly service charge if your daily balance falls below $1500.00 any day in the statement cycle with a $0.15 per withdrawal fee for each debit transaction.
  • Unlimited check writing
  • Free online banking
  • Free eStatements
  • Free check card
  • Bill pay available
  • Free mobile app

Check out our current rates.


Grow your business with a savings account. Your money is available whenever you need it and we will add interest to your account each earnings cycle.

Regular Savings Essentials:

  • Earn competitive interest, compounded quarterly
  • Free online banking
  • Free eStatements
  • $25.00 minimum deposit to open
  • Free mobile app

Check out our current rates.

CMA - Cash Management Account

As a money market account, our CMA is the perfect account for your business savings.

Cash Management Account Essentials:

  • Earn competitive interest based on a tiered rate structure, compounded monthly
  • Unlimited deposits and unlimited withdrawals in person
  • Up to six withdrawals or transfers allowed per statement
  • No service charge
  • Free online banking
  • Free eStatements
  • Free mobile app
  • $2,500.00 minimum deposit to open

Certificates of Deposit

If you’re looking for a higher return on your money than Savings accounts offer, then a Certificate of Deposit may be right for you. We offer CD’s with fixed-rate returns that allow you to plan for your future with certainty.

Certificate of Deposit Essentials:

  • Longer-term CD’s earn more competitive rates
  • Guarantee returns at a fixed rate for the length of your term
  • Terms range from 3 months up to 4 years
  • No risky investments or hot-and-cold markets
  • Funds are FDIC insured up to at least $250,000.00
  • Early withdrawal penalties apply
  • $1,000.00 minimum deposit to open

Check out our current rates.

Agricultural Loans

First National Bank in Philip recognizes the importance of agriculture in our region and has made a commitment to agriculture that has made us a premier Ag lender in western South Dakota. We are dedicated to serving our agricultural community & want you as our customer.
We offer you these benefits:

We have been serving this area since 1906

Experienced Lenders:
Our Ag lenders average over 20 years of experience in banking and all have been raised on a ranch or farm

Quick Response to Loan Requests:

Loan decisions are made locally

Loan Size:

Our asset base allows us to accommodate large loan requests


  • Lines of Credit- Set up annually, based on your plans and financial strength
  • Master Notes- revolving operating loans utilizing telephone advances and payments made directly to or from your checking account.
  • Phone in or Mail in transfers and Loan Requests – As our customer you will have the convenience of banking by phone or mail which will save you valuable time.

Toll-free # for our customers needing long distance phone service 1-866-859-2525

Types of Ag Loans Available:

  • Farm Operating
  • Livestock Purchase
  • Machinery, Equipment and facilities
  • Ag Real Estate
  • Preferred Lender for FSA Guaranteed Loans
  • Letters of Credit

Both variable and fixed rate loans are available with the ability to customize terms to fit your specific needs.

Financial Forms

For security purposes, please do not email these financial forms. We recommend that you deliver or fax directly to your local bank. If an electronic format is needed, you should work with your local bank to ensure secure delivery.

Balance Sheet and Cash Flow Projection – You can request these from your loan officer.

Commercial Loans

Whether you need capital to expand an existing business, begin a new business, or purchase fixed assets or equipment, First National Bank in Philip will be there with lending services designed to respond to you and the constantly changing demands on your business.

We provide:

  • Term Loans
  • Equipment & Inventory Purchase Loans
  • Business Purchase
  • Debt Restructuring
  • Letters of Credit
  • Revolving Lines of Credit
  • Real Estate Loans
  • Construction Loans
  • Seasonal Lines of Credit
  • Small Business Administration Loans
    • Low Doc Loans-under $150,000.00
    • 7A Loans-typically greater than $150,000.00
    • 504 Development Loans- Long-term Financing for Equipment & Real Estate