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cyberbanking

First National of Nebraska

First National of Nebraska is an interstate bank holding company based in Omaha, Nebraska. The largest banking subsidiaries are First National Bank of Omaha, First National Bank of Colorado, First National Bank of Kansas and First National Bank of South Dakota. First National of Nebraska ranks as one of the 50 largest banks in the United States. There are locations in seven states and more than 6.6 million customers across the country. First National of Nebraska and its affiliates have more than $21 billion in managed assets and 8,000 employees in 35 states.

History

Name Position Years
John F. Davis Chairman 1967-1972
John R. Lauritzen President 1967-1972
Chairman 1972-1994
F. Phillips Giltner President 1972-1994
Chairman 1994-Unknown
Bruce R. Lauritzen President 1994-unknown
Chairman current
Dan O'Neill President current
With the building of the First National Center in the 1960s, it was made clear that the bank officials had to establish the overall cost of the project. It was determined that total expenses, including the $2.5 million already paid to Woodmen and adjoining property owners for land, would come to $13.9 million. Next, it became necessary to form a holding company because there is a statutory limitation on the amount of money a bank is allowed to invest in brick and mortar. The U.S. Code draws the line at 50 percent of the financial institution's capital and surplus account, and they had decided to invest as much in that building, literally, as First National's entire net worth. A parent corporation, acting technically in its own name and on its own behalf, can go ahead and incur a sizable debt for construction purposes without running afoul of federal law, as long as it owns at least 80 percent of its subsidiary's stock. With that in mind, First National Bank's directors created (August 27, 1968) and its shareholders approved (January 21, 1969) First National of Nebraska, Inc.

In 2008, ComputerWorld named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies"

Ownership

First National of Nebraska is a privately held company. Bruce Lauritzen is Chairman of First National of Nebraska, Inc. and First National Bank of Omaha. Lauritzen is also Chief Executive Officer of the Lauritzen Corporation, a financial and bank holding company owning additional banks in Nebraska and Iowa . The Lauritzen Corporation has an approximate 28% voting share in First National of Nebraska, Inc. .

Board of Directors

The Board of Directors is chaired by Bruce Lauritzen, whose family owns a controlling interest in the Bank's ultimate holding company. The directors are family stockholders, independent directors, and members of the management of the Bank and its holding company

  • Bruce Lauritzen
  • Daniel O'Neill
  • Margaret Lauritzen Dodge
  • Clarkson Lauritzen
  • Rajive Johri
  • Dennis O'Neal

Executives

Name Position
Bruce Lauritzen Chairman
Dan O'Neill President, FNNI
Nick Baxter Sr. Vice President
Tim Hart Sr. Vice President
Rajive Johri President, FNBO
Ken Kucera Sr. Vice President
Christian Osborn Sr. Vice President
David Simmons Sr. Vice President
Cris Stone Sr. Vice President
Mike Summers Sr. Vice President

Banking Subsidiaries

Castle Bank N.A.

A subsidiary of First National of Illinois Inc.
Website
Branches in Illinois: Belvidere, DeKalb, Harvard, Huntley, Lake in the Hills, Marengo, Oswego, Plano, Sycamore, Sandwich, Sugar Grove, and Yorkville
Castle Bank began its banking venture over 150 years ago with the concept of building relationships with customers. 150 years later, the continue to build relationships with customers, business owners, and communities.

Castle Bank, N.A. (CBNA) was formerly known as First National Bank in DeKalb. In June 2000, the bank's parent company at that time merged First National Bank in DeKalb with affiliated Castle Bank Harvard and Castle Bank Sandwich. The Sandwich affiliate resulted from an earlier 1999 merger between The Sandwich State Bank and The Bank of Yorkville. With the 2000 merger, CBNA increased its assets and expanded it operations into Kane, Kendall and McHenry Counties. The FNNI affiliation was established in January 2002 when FNNI purchased Castle BancGroup, Inc, the parent company of CBNA. Concurrent with the purchase, Castle BancGroup, Inc. adopted the articles and by-laws of First National of Illinois, Inc. and presently operates under this name.

First National Bank of Colorado

A subsidiary of First National of Colorado Inc.
Website
Branches in Colorado: Fort Collins, Boulder, Brighton, Broomfield, Denver, Evans, Fort Lupton, Greeley, Johnstown, Kersey, Longmont, Louisville, Loveland, Platteville, Wellington, Westminster, and Windsor

Since 1881, First National Bank has been helping the residents and businesses in Colorado meet all of their financial needs.

On February 15, 2008, First National Bank of Colorado, First National Bank of Fort Collins and Union Colony Bank merged under First National Bank of Colorado.

First National Bank of Columbus

Website
Branches in Nebraska: Columbus and Norfolk
First National Bank in Columbus was originally chartered in 1906. After being chartered as the German National Bank, the name was changed to the Central National Bank during World War I. In 1961, the bank changed their name to First National Bank and Trust Company. For close to a century, First National Bank is the only Columbus financial institution that did not close during the depression. The offices in Norfolk began in the fall of 1993 after research indicated that the opportunity for another commercial bank was feasible. A new charter was filed and granted for the community and First National opened for business in December 1993. In 1995, the charter of First National Columbus and Norfolk were merged.

First National Bank of Kansas

Website
Branches in Kansas: Fairway, Olathe, Overland Park, and Shawnee
First National Bank of Kansas was established in Kansas in 1993 as part of one of the oldest and most successful financial oragnizations in the Midwest, First National of Nebraska.

First National Bank of Kansas (FNBK) was chartered in 1993 when FNNI purchased approximately $80 million deposits from a failed financial institution. The bank purchased additional deposits approximating $220 million from another financial institution in 1994. To profitably inveset this large deposit base, FNBK purchased credit card receivables from an affiliated bank. Most of the receivables orginated outside the bank's assessment area. While credit card receivables still represent a large percentage of bank assets, credit card lending is not a strategic goal for the bank.

First National Bank of North Platte

Website
Branches in Nebraska: North Platte, Alliance, Chadron, Gering and Scottsbluff
First National Bank North Platte was organized on March 9, 1886, and opened on May 10 of that same year. First National of Nebraska purchased FNBNP on October 15, 1988. From 1983 to 1993, locations in Alliance, Chadron, Gering, and Scottsbluff allow FNBNP financial services to customers throughout Western Nebraska. The latest acquisition took place in August 1994 with the purchase of the Alliance National Bank.

First National Bank of Omaha

Website
Branches in Iowa: Council Bluffs, Glenwood and Silver City
The branches in Glenwood and Silver City were originally Mills County Bank.
Branches in Nebraska: Omaha, Beatrice, Bellevue, David City, La Vista, Lincoln, and Papillion

First National Bank Southwest

A division of First National Bank of Omaha
Website
Branches in Texas: Frisco and Plano

First National Bank of Iowa

A division of First National Bank of Omaha
Website
Branch in Iowa: Des Moines

The first First National Bank of Iowa opened inside the Davis Brown Tower in Des Moines, Iowa on June 30, 2008.

First National Bank of South Dakota

Website
Branches in South Dakota: Huron, Mitchell, Sioux Falls, Woonsocket, and Yankton
In 1962, "Valley State Bank' was chartered in Yankton, South Dakota. In the early 80s, the bank was purchased by First National of Nebraska. This incorporation led to many changes including a new facility and a name change to First National Bank South Dakota in 1994.

Fremont National Bank

Website
Branches in Nebraska: Fremont
Fremont National Bank began on November 13, 1871, with the signing of the Articles of Agreement. It is the first and oldest bank in Dodge County.

Platte Valley State Bank

Website
Branches in Nebraska: Kearney and Grand Island

Non-Banking Subsidiaries

  • Castle Bank Mortgage
    • A division of Castle Bank.
  • Castle Insurance Group
    • A subsidiary of First National of Illinois Inc.
  • Circle One Mortgage Company (Fort Collins, CO)
    • '' A subsidiary of First National of Colorado Inc.
  • First National Buildings, Inc.
  • First National Information Solutions
  • First National Investment Banking
    • Formally First National Mergers & Acquisitions, First Capital Partners, LLC and First National Capital Markets
  • First National Technology Solutions
  • Gregory's Insurance
  • International Trade Services
  • Inficorp Holdings, Inc. - InfiCorp Holdings, Inc., a wholly owned subsidiary of First National of Nebraska, provides comprehensive credit card portfolio management services to banks and credit unions. Operating in a business-to-business capacity, InfiCorp conducts all activities in the brand names of its clients, helping them leverage their inherent strengths of existing customer bases, broad distribution channels and established consumer brand identities.
    • InfiBank - The InfiBank platform provides financial institutions with the ability to realize all the strategic benefits of a robust competitive credit card program without the attendant challenges and risks of ownership. A wholly owned subsidiary of InfiCorp, InfiBank commenced operations in April 1998. InfiBank, N.A. is a principal member of Visa and MasterCard and enhances the service of its affiliate, Infistar.
    • InfiStar - Since its founding in 1994, InfiStar has provided credit card issuers with an array of innovative solutions to improve credit card portfolio results. InfiStar's team of credit card professionals works closely with each client to define unique, client-branded solutions to their credit card portfolio management needs. InfiStar is a leading provider of marketing and risk management solutions for credit card issuers. InfiStar gives credit card issuers a greater understanding of what is happening with their portfolios, why it is happening, and the appropriate action to take. We invite you to learn how InfiStar's services can improve your portfolio performance.
  • Laser One
  • Platinum Recovery Solutions
  • Whitetail Finance Company

National business rankings

  • Fifth-largest in-house credit card processor
  • Sixth-largest merchant processor
  • Top-ten commercial card issuer
  • Eleventh-largest issuer of bank cards in the United States
  • Top-twenty electronic funds processor
  • Fifth-largest agricultural lender with customers in 49 states
  • Largest commercial bank finance provider to the ethanol industry

Sponsorships

First National of Nebraska is proud to be a sponsor for the following:

See also

External links

References

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