Originally founded in 1888 as The First National Bank of Gothenburg, the institution rebranded to Flatwater Bank in 2021 to better reflect its deep Nebraskan roots and commitment to the local community. It operates as a full-service community bank, providing a wide range of financial products including personal and business checking/savings accounts, mortgages, agricultural loans, commercial lending, and digital banking solutions. The bank's mission is centered on building strong local relationships and supporting the growth of the communities it serves across Central Nebraska.