First National Bank & Trust is celebrating its 135th anniversary in 2022. Organized on October 10, 1887 as the First National Bank of Iron Mountain, the first bank president, John R. Wood, purchased the entire brick building, known as the Wood Block, for $22,000. On November 1, 1887, the bank was chartered and open for business six days later. The bank served the community in its original building for over 100 years until 1991, when a new bank building was constructed on the site of the Wood Block, opening for business on Monday, May 20, 1991.