First National of Nebraska

Infobox Company
company_name = First National of Nebraska, Inc.
company_
company_type = Private
foundation = Omaha, Nebraska
August 27, 1968 (created);
January 21, 1969 (approved)
location = flagicon|USA Omaha, Nebraska
key_people = Bruce R. Lauritzen, Chairman
Daniel K. O'Neill, President (FNN)
Rajive Johri, President (FNBO)
Stephen Eulie, President (FNCCC)
num_employees = 8,000 [(nd)http://www.firstnational.com/iowa/ First National Bank Iowa] . Retrieved 7/1/2008.]
industry = Finance and Insurance
products = Financial Services
homepage = [http://www.fnni.com/ 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 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. [(nd)http://www.firstnational.com/iowa/ First National Bank Iowa] . Retrieved 7/1/2008.]

History

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. [Szmrecsanyi, Dr. Stephen: "The First National Bank Story", page 83. First National Bank of Omaha, 1996 ]

In 2008, "ComputerWorld" named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies" [ [http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=310533 Green IT Companies] Retrieved 02/19/08]

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 [ [http://www.cba.unl.edu/hof/index.asp?id=105 Nebraska Business Hall of Fame - Bruce Lauritzen, 2006] ] . The Lauritzen Corporation has an approximate 28% voting share in First National of Nebraska, Inc. [ [http://edocket.access.gpo.gov/2003/03-17425.htm Federal Register Online via GPO Access - See note C.2.] ] .

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 [(nd) [http://www.firstnational.com/fnb/aboutus/business_overview/default.asp First National Bank Omaha] . Retrieved 6/21/2008.]

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

Executives

Banking Subsidiaries

Castle Bank N.A.

:A subsidiary of First National of Illinois Inc. [http://www.castlebank.com/ Website] :Branches in Illinois: Belvidere, DeKalb, Harvard, Huntley, Lake in the Hills, Marengo, Oswego, Plano, Sycamore, Sandwich, Sugar Grove, and YorkvilleCastle 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. [(nd) [http://www.castlebank.com/index.asp?page=1701 Welcome to Castle Bank] . Retrieved 6/21/2008.]

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. [ [http://www.fdic.gov FDIC] . Retrieved 9/20/2008.]

First National Bank of Colorado

:A subsidiary of First National of Colorado Inc. [http://www.1stnationalbank.com/ 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. [ [http://www.1stnationalbank.com/004/html/en/about_us/about_us.html About Us, First National Bank] Retrieved 7/9/2008.]

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

[http://www.fnbcolumbus.com/ Website] :Branches in Nebraska: Columbus and NorfolkFirst 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. [ [http://www.fnbcolumbus.com About Us] Retrieved 2/9/08.]

First National Bank of Kansas

[http://www.fnbk.com/ Website] :Branches in Kansas: Fairway, Olathe, Overland Park, and ShawneeFirst 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. [ [http://www.fnbk.com About Us] Retrieved 2/9/08.]

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. [ [http://www.fdic.gov FDIC] Retrieved 9/20/08.]

First National Bank of North Platte

[http://www.fnbnp.com/ Website] :Branches in Nebraska: North Platte, Alliance, Chadron, Gering and ScottsbluffFirst 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. [ [http://www.fnbnp.com About Us] Retrieved 2/9/08.]

First National Bank of Omaha

[http://www.firstnational.com 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 [http://www.fnsouthwest.com/ Website] :Branches in Texas: Frisco and Plano

First National Bank of Iowa

:A division of First National Bank of Omaha [http://www.fnbiowa.com 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

[http://www.fnbsd.com/ Website] :Branches in South Dakota: Huron, Mitchell, Sioux Falls, Woonsocket, and YanktonIn 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

[http://www.fremontnational.com/ Website] :Branches in Nebraska: FremontFremont 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. [ [http://www.fremontnatonal.com/030/html/en/about_us/bank_history.html Bank History, Fremont National Bank & Trust] Retrieved 2/9/08.]

Platte Valley State Bank

[http://www.pvsb.com/ Website] :Branches in Nebraska: Kearney and Grand Island

Non-Banking Subsidiaries

* [http://www.castlebankmortgage.com Castle Bank Mortgage]
**" A division of Castle Bank.
* [http://www.castleinsurance.com Castle Insurance Group]
**" A subsidiary of First National of Illinois Inc.
*Circle One Mortgage Company (Fort Collins, CO) [ [http://www.manta.com/comsite5/bin/pddnb_company.pl?pdlanding=1&referid=3550&id=6vgmwr Circle One Mortgage Company] Retrieved 5/22/08.]
**" A subsidiary of First National of Colorado Inc.
*First National Buildings, Inc.
* [http://www.fnisolutions.com/ First National Information Solutions]
* [http://www.fnib.com/ First National Investment Banking]
**"Formally First National Mergers & Acquisitions, First Capital Partners, LLC and First National Capital Markets"
* [http://www.fntsinc.com/ First National Technology Solutions]
* [http://www.gregorysinc.com/ Gregory's Insurance]
* [http://www.firsttradenet.com/ International Trade Services]
* [http://www.inficorp.com 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.
** [http://www.infibank.com 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.
** [http://www.infistar.com 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.
* [http://www.laserone.net Laser One]
* [http://www.prsomaha.com/ 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

ponsorships

First National of Nebraska is proud to be a sponsor for the following:
*Kansas City Chiefs (First National Bank of Kansas-Official Bank of the Chiefs)
*Creighton Bluejays (First National Bank of Omaha)
*Nebraska Cornhuskers (First National Bank of Omaha-Bank of Husker Nation)
*UNO Mavericks (First National Bank of Omaha)

ee also

*Lauritzen Corporation for information on banks and holdings of the Lauritzens not part of First National of Nebraska, Inc.
*First National Bank Tower - Headquarters for First National of Nebraska
*First National Center (Omaha) - Previous headquarters of First National of Nebraska, also linked to DoubleTree Hotel
*First National Business Park
*FNBO Direct
*First National Bank of Omaha

External links

* [http://www.agentissuing.com/ First National Bank Omaha Agent Issuing]
* [http://www.youarealwaysfirst.com/ You Are Always First]
* First National Equipment Financing has been merged with [http://www.dfsfin.com/ Diversified Financial Services] , LLC in 2007. DFS is a Laurtizen company.
* [http://www.omaha.com/index.php?u_page=1208&u_sid=2387529 First National jumps into cyberbanking] (Omaha World Herald - May 21, 2007)
* [http://www.omaha.com/index.php?u_page=1208&u_sid=2387535 First National heads in new directions] (Omaha World Herald - May 21, 2007)

References