First National of Nebraska

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First National of Nebraska, Inc.
Type Private
Founded Omaha, Nebraska
December 10, 1857 (as Kountze Brothers Bank);
July 1, 1865 (First National Bank of Omaha)
Headquarters Flag of the United States Omaha, Nebraska
Key people Bruce R. Lauritzen, Chairman
Daniel K. O'Neill, President (FNN)
Rajive Johri, President (FNBO)
Stephen Eulie, President (FNCCC)
Industry Finance and Insurance
Products Financial Services
Employees 7,500
Website www.fnni.com

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 Fort Collins, 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 $20 billion in managed assets and 7,500 employees in 35 states. [1]

Contents

[edit] History

First National Center in Omaha, completed in 1971
First National Center in Omaha, completed in 1971

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. [2]

In 2008, ComputerWorld named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies" [3]

[edit] Leadership

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

[edit] Ownership

First National of Nebraska is a privately held company. Bruce R. Lauritzen is Chairman of First National of Nebraska, Inc. and First National Bank of Omaha. Mr. Lauritzen is also Chief Executive Officer of the Lauritzen Corporation, a financial and bank holding company owning additional banks in Nebraska and Iowa [4]. The Lauritzen Corporation has an approximate 28% voting share in First National of Nebraska, Inc. [5].

[edit] Board of Directors

The Board of Directors is chaired by Mr. 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 [6].

  • Bruce R. Lauritzen
  • Daniel K. O'Neill
  • Margaret Lauritzen Dodge
  • Clarkson R. Lauritzen
  • Rajive Johri
  • Dennis A. O'Neal

[edit] 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


[edit] Banking Subsidiaries

[edit] Castle Bank

Website

Branches in Illinois: Belvidere, DeKalb, Harvard, Huntley, Lake in the Hills, Marengo, Oswego, Plano, Sycamore, Sandwich, Sugar Grove, and Yorkville

[edit] 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. [7]

[edit] First National Bank of Fort Collins

Website

Branches in Colorado: Fort Collins, Boulder, Brighton, Broomfield, Denver, Evans, Fort Lupton, Greeley, Johnstown, Kersey, Longmont, Louisville, Loveland, Platteville, Wellington, Westminster, and Windsor

The following three banks merged into one bank, effective February 15, 2008:

First National Bank of Colorado: FNB Colorado was founded in 1973. After years of success as a leading financial institution in Boulder County, they now serve communities around the seven-county Denver metropolitan area.[8]
First National Bank of Fort Collins: FNB Fort Collins has been helping residents and businesses in northern Colorado since 1881. [9]
Union Colony Bank

[edit] 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. [10]

[edit] 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. [11]

[edit] First National Bank of Omaha

Main article: First National Bank of Omaha

Website

Branches in Iowa (formerly Mills County Bank): Glenwood and Silver City
Branches in Nebraska: Omaha, Beatrice, Bellevue, David City, Lincoln, and Papillion

[edit] 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.

[edit] First National Bank Southwest

Website

Branches in Texas: Frisco and Plano

First National Bank Southwest is a division of First National Bank of Omaha.

[edit] 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. [12]

[edit] Platte Valley State Bank

Website

Branches in Nebraska: Kearney and Grand Island

[edit] Non-Banking Subsidiaries

[edit] 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

[edit] Sponsorships

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

[edit] See also

[edit] External links

[edit] References

  1. ^ (nd) About Us, First National Bank Omaha. Retrieved 2/1/2008.
  2. ^ Szmrecsanyi, Dr. Stephen: "The First National Bank Story", page 83. First National Bank of Omaha, 1996
  3. ^ Green-IT Companies http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=310533 Retrieved 02/19/08
  4. ^ Nebraska Business Hall of Fame - Bruce Lauritzen, 2006 http://www.cba.unl.edu/hof/index.asp?id=105
  5. ^ Federal Register Online via GPO Access - See note C.2. - http://edocket.access.gpo.gov/2003/03-17425.htm
  6. ^ First National Bank of Omaha - http://www.firstnational.com/fnb/aboutus/business_overview/default.asp
  7. ^ About Us http://www.fnbcolumbus.com Retrieved 2/9/08.
  8. ^ About Us http://www.fnbconline.com Retrieved 2/9/08.
  9. ^ About Us http://www.1stnationalbank.com Retrieved 2/9/08.
  10. ^ About Us http://www.fnbk.com Retrieved 2/9/08.
  11. ^ About Us http://www.fnbnp.com Retrieved 2/9/08.
  12. ^ Bank History, Fremont National Bank & Trust http://www.fremontnatonal.com/030/html/en/about_us/bank_history.html Retrieved 2/9/08.
  13. ^ Circle One Mortgage Company http://www.manta.com/comsite5/bin/pddnb_company.pl?pdlanding=1&referid=3550&id=6vgmwr Retrieved 5/22/08.


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