News & Press
Consumer Alert on IRS Reporting Proposal
August 30, 2021 — As your community bank, First National Bank wants customers to know the facts, especially when it relates to concerning developments around public policy that exposes your financial privacy.
Washington has proposed requiring all community banks and other financial institutions to report to the IRS on all deposits and withdrawals through business and personal accounts regardless of tax liability. This indiscriminate, comprehensive bank account reporting to the IRS can soon be enacted in Congress and will create an unacceptable invasion of privacy for our customers.
Let’s work together to spread the word about the flaws in this misguided proposal—on Capitol Hill and in local communities nationwide—by sending a letter to your representative and senators. Learn More
First National Bank is Sponsoring Red Cross Blood Drive in Ellendale, September 3
- Downloading the Red Cross Blood Donor App
- Visiting www.redcrossblood.org and entering the sponsor code "First National Bank Ellendale" in the Find A Blood Drive box
- Contacting The Red Cross at 1-800-RED CROSS
- Contacting Valerie at First National Bank in Ellendale at 507-684-2691