First National Bank of Omaha
Encyclopedia
First National Bank Omaha is a subsidiary of First National of Nebraska
. It is recognized as the largest privately held bank in the country with $17 billion in managed assets and 5,000 employees. The bank's history is credited for paralleling that of the city of Omaha
and the state of Nebraska
.
Chartered and headquartered in Omaha, Nebraska
, United States
, First National provides corporate banking, investment banking
, retail banking
, wealth management
and consumer lending services at locations in seven states serving more than 6.6 million customers across the United States.
to picnic in the newly named Nebraska Territory
. One of the visitors, Thomas Davis, helped found Omaha when he donated $600 in gold dust for an official charter. He eventually served on First National Bank's Board of Directors. Two immigrant brothers from Ohio
, Herman
and Augustus
opened Kountze Brothers Bank in 1857. Omaha's first bank opened its doors and started trading primarily in gold dust
and buffalo hides. Kountze Brothers Bank received national charter #209 in 1863. Today, theirs is the oldest national bank west of the Missouri River
. In 1863, they also began doing business as First National Bank of Omaha and brought in additional investors, including Edward Creighton
, who served as president.
In 1883, Herman Kountze speculated on land in North Omaha, eventually developing an affluent Omaha suburb called Kountze Place
in the former town of Saratoga. The panic of 1893
sparks the worst depression of the 19th century. In 1895, twelve businessmen from Omaha, including Herman Kountze, started the Knights of Ak-Sar-Ben
. Their mission, "to build a more prosperous Heartland, where communities can flourish and every child can succeed," carries on to this day. In 1898, Herman Kountze donated the use of 60 acres (242,811.6 m²) of his Kountze Place development for the Trans-Mississippi Exposition
, one of the crowning events in Omaha's history. Featuring a lagoon filled with Venetian gondolas, it attracted 2.6 million visitors at a time when Omaha's population was roughly 100,000.
caused more than 750 Nebraska banks to close. On one Saturday in August, skittish depositors begin withdrawing their funds en masse from Omaha banks. When their requests were met, the banks proved their solvency; if not, the banks faced almost certain collapse. During this period First National Bank extended their hours, honored every withdrawal and proved their financial strength once and for all.
. Attached to a 420-room hotel and a 550-stall parking garage, it became one of the most modern and attractive buildings in the region, providing economic development in downtown Omaha.
In 2000 First National Bank designated two parcels of green space for the city of Omaha. They are the current sites of two sculpture parks called "Spirit of Nebraska's Wilderness" and "Pioneer Courage". Working in tandem, the two sculptures join to make one of the largest bronze sculptures in the world. In 2002, First National Bank completed construction on the First National Tower
, the tallest building between Chicago and Denver
. With almost a million square feet of office space, it dramatically changed Omaha's skyline.
Thanks in part to their Child Development Center, in 2002 First National Bank is selected one of "America's Best Companies for Working Mothers" according to Working Mother magazine, an honor that has been repeated annually. In 2003 First National Bank was named "One of America's Most Admired Companies", as judged by their peers for Fortune Magazine. FNBO Direct, an online savings account
, began operations in 2006. First National was named to IDG
's Computerworld "100 Best Places to work in Information Technology", in 2007, an honor which was repeated in 2008.
First National Bank opened a new 'state-of-the-art' branch in Papillion, Nebraska
. It was announced on February 8, 2008 that Mills County Bank in Glenwood, Iowa
and Silver City, Iowa
will be First National Bank of Omaha, effective February 9, 2008. The full transition to First National Bank was completed on June 20, 2008. In March 2008, First National Bank opened a new branch with their new partnership with Scooter's Coffeehouse, started in Bellevue, Nebraska
and have their operations based out of Omaha. This new branch is located in the Old Market in Downtown Omaha
.
Beginning September 30, 2010, it was announced that First National of Nebraska
consolidated its bank charters of First National Bank of Colorado, in Fort Collins, Colorado
; First National Bank of Kansas, in Overland Park, Kansas
; and Castle Bank, in DeKalb, Illinois
, with its First National Bank of Omaha charter.
After three years as the President of FNBO, Rajive Johri retired on January 6, 2009. Dan O'Neill, who is also the president of First National of Nebraska, has succeeded Johri as president. During his three years, chairman Bruce Lauritzen states that Johri engineered the significant growth of the credit card division, introduced the banks online savings product and opened up the first branches in Iowa.
, four in Lincoln
, two in Beatrice
, and one in Bellevue
, David City
, and Papillion
. On September 6, 1984, FNBO acquired David City Bank in David City. On May 31, 1988, FNBO acquired First Security Bank & Trust Co. in Beatrice. On November 21, 1989, FNBO acquired First of Omaha Savings Co. in Omaha.
Texas is also the home to four branches, however, they operate under the name of First National Bank Southwest. There are currently two branches in Frisco
and two in Plano
. On December 15, 2000, FNBO acquired First State Bank in Frisco. The initial branches in Glenwood
opened on January 1, 1883 as Mills County State Bank. On May 1, 2001, they changed their name to Mills County Bank, N.A. On February 9, 2008, they merged with First National Bank of Omaha. The first branch in Council Bluffs
opened on July 28, 2008. The first First National Bank Iowa branch opened in Des Moines on June 30, 2008.
In the June 19, 2008 edition of the Omaha World-Herald
, Rajive Johri, president of First National Bank, stated that First National had planned to open a branch office in Des Moines, Iowa
this summer, but due to the recent flooding in the area, the opening date is being pushed back to the fall.
(APY). FNBO Direct launched a nationwide campaign to promote their online savings account on May 1, 2007. In honor of the bank's 150th anniversary, the APY was placed at 6.0% for 150 days from May 1 through September 28, 2007. In an e-mail sent to customers at the end of August, it was announced that the FNBO Direct Credit Card will give a competitive interest rate and cash back rewards that would be deposited directly into the online savings account. The credit card product launched to a selected number of customers that currently have an online savings account
on September 26, 2007. On November 28, 2007, FNBO Direct launched an Online Billpay account as well as offering a certificate of deposit
available, at first, for four different terms (9 month, 12 month, 18 month, and 24 month). Currently, customers are able to choose from a six month term as well.
FNBO also underwrites for two large ISO
's, International Merchant Services, located in Westmont, Illinois
, and Merchant Services, Inc. of Farmingdale, New Jersey
. On April 1, 2010, TSYS
announced that they would be acquiring 51% of the merchant division, and the remaining 49% would remain under the ownership of FNBO. The new name of the company is First National Merchant Solutions, LLC (FNMS). Joint Venture with TSYS
It was announced on January 4, 2011 that TSYS would acquire the remaining 49% of the company, thus changing their name to TSYS Merchant Solutions.
and People's Bank
. FNCCC also services credit cards for the National Rifle Association
, Major League Lacrosse
, World of Warcraft
, Scheels All Sports
, just to name a few. SunTrust Bank announced on December 12, 2006, that it has signed an agreement with Atlanta-based InfiCorp Holdings, Inc. (subsidiary of First National of Nebraska) for issuing consumer credit cards. Under terms of the agreement, InfiCorp will market, originate and service SunTrust-branded cards starting in the first quarter of 2007, focusing on SunTrust clients.
Marquette began to lobby for the passage of a state law designed to put a 12 percent ceiling on all bank credit card outstandings. In May 1976, about one month after that measure was signed into law, Marquette filed a suit to make its Omaha rival conform to the 12 percent limit. The decision maintained that the 115-year-old National Bank Act takes precedence over usury statues in individual states. Justice William J. Brennan, Jr.
wrote that the 1863 law permitted a national bank to charge interest at the rate allowed by the regulations of the state in which the lending institution is located. On July 25, 1979, the Iowa Supreme Court overturned their decision that was made on August 30, 1978.
's website that the Kearney call center will be closing, effective February 28, 2009. FNBO plans to move its customer service operations in Kearney to its locations in Bloomfield, Omaha and Wayne, Nebraska, after formal approval by its board of directors. "First National Credit Card Center has been growing profitably over the past three years. This consolidation plan is designed to fully utilize our call center facilities to support future growth, while allowing us to be more efficient." President Stephen Eulie said in a press release. "It will result in a significant increase in the number of employees at our other sites and improved career options for those individuals." He said the decision to close the Kearney call center and move those positions will enable the company to more effectively centralize operations functions while reducing the expense of managing its overall business. Operations at the call centers include inbound customer service, credit card collections, account activity alert and fraud prevention, credit analysis, credit account processing, specialized customer contact and technology support. First National has operated the call center in Kearney since 1992.
The Northern Natural Gas Building
is located at 2223 Dodge Street
in Omaha, Nebraska, United States. It is a 260 ft (79 m), 19-story skyscraper. This building housed the credit card operations until the opening of the First National Tower in 2002.
First National Business Park
is located at just north of Boys Town
in West Omaha
. First National Business Park is located at 144th & Dodge Streets. First National Bank occupies 14010 FNB Parkway. There is also a bank branch located at the business park at 14310 FNB Parkway. Valmont Industries
has their corporate headquarters located at One Valmont Plaza, which is also located in the Business Park. It was announced on October 23, 2008 that Yahoo will be coming to the Omaha Metro Area
. Yahoo stated that the First National Business Park will be the home to the customer care center that should open next April.
First National Center
is a 22-story office building in downtown Omaha. The building is attached to a 420-room hotel and a 550-stall parking garage. The First National Center is located at 1620 Dodge St in downtown Omaha
. The hotel that is joining the First National Center is the Doubletree Hotel
.
With the completion of the First National Technology Center, FNBO became the first business in the country to utilize hydrogen fuel cells. In 2008, ComputerWorld named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies"
The First National Bank Tower
is a 634 ft (193 m), 45-story skyscraper at 1601 Dodge Street in downtown Omaha. Built in 2002, it is currently the tallest building in Nebraska, as well as the tallest building between Minneapolis and Denver. It was built on the site of the former "Medical Arts Building" which was imploded on April 2, 1999. Inside the glass lobby is a large section of the ornamental facade from the former "Medical Arts Building". The First National Bank Tower also plays host to Trek up the Tower, a vertical stair climb race up to the top of the tower. This race is presented by The Wellness Council of the Midlands. The building is the headquarters of First National of Nebraska
.
First National of Nebraska
First National of Nebraska is a privately held, interstate bank holding company based in Omaha, Nebraska, USA. The largest banking subsidiaries are First National Bank of Omaha, First National Bank Colorado, First National Bank Kansas and First National Bank South Dakota. First National of...
. It is recognized as the largest privately held bank in the country with $17 billion in managed assets and 5,000 employees. The bank's history is credited for paralleling that of the city of Omaha
Omaha
Omaha may refer to:*Omaha , a Native American tribe that currently resides in the northeastern part of the U.S. state of Nebraska-Places:United States* Omaha, Nebraska* Omaha, Arkansas* Omaha, Georgia* Omaha, Illinois* Omaha, Texas...
and the state of Nebraska
Nebraska
Nebraska is a state on the Great Plains of the Midwestern United States. The state's capital is Lincoln and its largest city is Omaha, on the Missouri River....
.
Chartered and headquartered in Omaha, Nebraska
Omaha, Nebraska
Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, First National provides corporate banking, investment banking
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, retail banking
Retail banking
Retail banking is banking in which banking institutions execute transactions directly with consumers, rather than corporations or other banks. Services offered include: savings and transactional accounts, mortgages, personal loans, debit cards, credit cards, and so forth.-Types of...
, wealth management
Wealth management
Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
and consumer lending services at locations in seven states serving more than 6.6 million customers across the United States.
History
In 1856, a group of settlers from Kanesville, Iowa crossed the Missouri RiverMissouri River
The Missouri River flows through the central United States, and is a tributary of the Mississippi River. It is the longest river in North America and drains the third largest area, though only the thirteenth largest by discharge. The Missouri's watershed encompasses most of the American Great...
to picnic in the newly named Nebraska Territory
Nebraska Territory
The Territory of Nebraska was an organized incorporated territory of the United States that existed from May 30, 1854, until March 1, 1867, when the final extent of the territory was admitted to the Union as the State of Nebraska. The Nebraska Territory was created by the Kansas–Nebraska Act of 1854...
. One of the visitors, Thomas Davis, helped found Omaha when he donated $600 in gold dust for an official charter. He eventually served on First National Bank's Board of Directors. Two immigrant brothers from Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, Herman
Herman Kountze
Herman Kountze was a powerful and influential pioneer banker in Omaha, Nebraska in the late 19th century. After organizing the Kountze Brothers Bank in 1857 as the second bank in Omaha, Herman and his brothers Augustus, Charles and Luther changed the charter in 1863, opening the First National...
and Augustus
Augustus Kountze
Augustus Kountze was a pioneer banker, politician, philanthropist and railroad supporter in Omaha, Nebraska, Kountze, Texas and New York City...
opened Kountze Brothers Bank in 1857. Omaha's first bank opened its doors and started trading primarily in gold dust
Gold Dust
Gold dust refers to fine particles of gold produced by machining or occurring naturally.Gold dust may also refer to:*Goldust, the ring name of Dustin Rhodes, an American wrestler...
and buffalo hides. Kountze Brothers Bank received national charter #209 in 1863. Today, theirs is the oldest national bank west of the Missouri River
Missouri River
The Missouri River flows through the central United States, and is a tributary of the Mississippi River. It is the longest river in North America and drains the third largest area, though only the thirteenth largest by discharge. The Missouri's watershed encompasses most of the American Great...
. In 1863, they also began doing business as First National Bank of Omaha and brought in additional investors, including Edward Creighton
Edward Creighton
Edward Creighton was a prominent pioneer businessman in early Omaha, Nebraska. The brother of John A. Creighton, the Creightons were responsible for founding many institutions that were central to the growth and development of Omaha...
, who served as president.
In 1883, Herman Kountze speculated on land in North Omaha, eventually developing an affluent Omaha suburb called Kountze Place
Kountze Place
The Kountze Place neighborhood of Omaha, Nebraska is a historically significant community on the city's north end. Today the neighborhood is home to several buildings and homes listed on the National Register of Historic Places. It is located between North 16th Avenue on the east to North 30th...
in the former town of Saratoga. The panic of 1893
Panic of 1893
The Panic of 1893 was a serious economic depression in the United States that began in 1893. Similar to the Panic of 1873, this panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures...
sparks the worst depression of the 19th century. In 1895, twelve businessmen from Omaha, including Herman Kountze, started the Knights of Ak-Sar-Ben
Ak-Sar-Ben
Ak-Sar-Ben, or Aksarben, was an indoor arena and horse racing complex in Omaha, Nebraska. Built to fund the civic and philanthropic activities of the Knights of Ak-Sar-Ben, the thoroughbred race track was built in 1920 and the Coliseum was built in 1929...
. Their mission, "to build a more prosperous Heartland, where communities can flourish and every child can succeed," carries on to this day. In 1898, Herman Kountze donated the use of 60 acres (242,811.6 m²) of his Kountze Place development for the Trans-Mississippi Exposition
Trans-Mississippi Exposition
The Trans-Mississippi and International Exposition was a world's fair held in Omaha, Nebraska from June 1 to November 1 of 1898. Its goal was to showcase the development of the entire West, stretching from the Mississippi River to the Pacific Coast. The Indian Congress was held concurrently...
, one of the crowning events in Omaha's history. Featuring a lagoon filled with Venetian gondolas, it attracted 2.6 million visitors at a time when Omaha's population was roughly 100,000.
1900 to 1949
In 1913, First National Bank became one of the first banks to specifically target women with a Ladies' Department. Staffed with female tellers in a comfortable and accommodating setting, it helped make banking a mainstream activity for women. During a five-year span ending in 1933, the Great DepressionGreat Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
caused more than 750 Nebraska banks to close. On one Saturday in August, skittish depositors begin withdrawing their funds en masse from Omaha banks. When their requests were met, the banks proved their solvency; if not, the banks faced almost certain collapse. During this period First National Bank extended their hours, honored every withdrawal and proved their financial strength once and for all.
1950 to 1999
In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue its own credit card. Also in 1953, First National Merchant Solutions began processing for 125 merchants. In 1971, employees started moving into the 22-story First National CenterFirst National Center (Omaha)
First National Center is located at 1620 Dodge Street in downtown Omaha, Nebraska. A 22-story office building, it is one of the tallest buildings in Omaha. The building is attached to a 19 story, 420-room Doubletree hotel and a 550-stall parking garage....
. Attached to a 420-room hotel and a 550-stall parking garage, it became one of the most modern and attractive buildings in the region, providing economic development in downtown Omaha.
2000 to present
First National Bank Tower
The First National Bank Tower is a 634 ft , 45-story skyscraper at 1601 Dodge Street in downtown Omaha, Nebraska. Built in 2002, it is currently the tallest building in Nebraska. It was built on the site of the former Medical Arts Building which was imploded on April 2, 1999...
, the tallest building between Chicago and Denver
Denver, Colorado
The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...
. With almost a million square feet of office space, it dramatically changed Omaha's skyline.
Thanks in part to their Child Development Center, in 2002 First National Bank is selected one of "America's Best Companies for Working Mothers" according to Working Mother magazine, an honor that has been repeated annually. In 2003 First National Bank was named "One of America's Most Admired Companies", as judged by their peers for Fortune Magazine. FNBO Direct, an online savings account
Online savings account
An online savings account is a savings account managed and funded primarily on the Internet.-Features:OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts....
, began operations in 2006. First National was named to IDG
IDG
International Data Group is a technology media, research, event management, and venture capital organization.IDG evolved from International Data Corporation which was formed in 1964 in Newtonville, Massachusetts, by Patrick Joseph McGovern and a friend, Fred Kirch...
's Computerworld "100 Best Places to work in Information Technology", in 2007, an honor which was repeated in 2008.
First National Bank opened a new 'state-of-the-art' branch in Papillion, Nebraska
Papillion, Nebraska
Papillion is a city in Sarpy County in the U.S. state of Nebraska. It is a suburb to the southwest of neighboring Omaha, and is the county seat of Sarpy County. The population of Papillion was 18,894 at the 2010 census. In 2009, Papillion was named the #3 best place to live in the United States by...
. It was announced on February 8, 2008 that Mills County Bank in Glenwood, Iowa
Glenwood, Iowa
Glenwood is a city in and the county seat of Mills County, Iowa, United States. The population was 5,269 in the 2010 census, a decline from 5,358 in the 2000 census. -History:...
and Silver City, Iowa
Silver City, Iowa
Silver City is a city in Mills County, Iowa, United States. The population was 259 at the 2000 census. The Wabash Trace--a railroad converted to a bicycle trail—passes through here. At trailside, there is a small park with a gazebo, and across from it, a small cafe.-Geography:Silver City is located...
will be First National Bank of Omaha, effective February 9, 2008. The full transition to First National Bank was completed on June 20, 2008. In March 2008, First National Bank opened a new branch with their new partnership with Scooter's Coffeehouse, started in Bellevue, Nebraska
Bellevue, Nebraska
Bellevue is a city in Sarpy County, Nebraska, United States. The population was 50,137 at the 2010 census. Eight miles south of Omaha, Bellevue is part of the Omaha-Council Bluffs metropolitan area. Originally settled in the 1830s, It was the first state capitol. Bellevue was incorporated in...
and have their operations based out of Omaha. This new branch is located in the Old Market in Downtown Omaha
Downtown Omaha
Downtown Omaha is the central business, government and social core of the Omaha-Council Bluffs metropolitan area, and is located in Omaha, Nebraska. The boundaries are 20th Street on the west to the Missouri River on the east and the centerline of Leavenworth Street on the south to the centerline...
.
Beginning September 30, 2010, it was announced that First National of Nebraska
First National of Nebraska
First National of Nebraska is a privately held, interstate bank holding company based in Omaha, Nebraska, USA. The largest banking subsidiaries are First National Bank of Omaha, First National Bank Colorado, First National Bank Kansas and First National Bank South Dakota. First National of...
consolidated its bank charters of First National Bank of Colorado, in Fort Collins, Colorado
Fort Collins, Colorado
Fort Collins is a Home Rule Municipality situated on the Cache La Poudre River along the Colorado Front Range, and is the county seat and most populous city of Larimer County, Colorado, United States. Fort Collins is located north of the Colorado State Capitol in Denver. With a 2010 census...
; First National Bank of Kansas, in Overland Park, Kansas
Overland Park, Kansas
-Demographics:As of the census of 2000, there were 149,080 people, 59,703 households, and 39,702 families residing in the city. The population density was 2,627.0 people per square mile . There were 62,586 housing units at an average density of 1,102.9 per square mile...
; and Castle Bank, in DeKalb, Illinois
DeKalb, Illinois
DeKalb is a city in DeKalb County, Illinois, United States. The population was 43,862 at the 2010 census, up from 39,018 at the 2000 census. The city is named after decorated German war hero Johann De Kalb, who died during the American Revolutionary War....
, with its First National Bank of Omaha charter.
Historical leadership
| Presidents | |
|---|---|
| Years | President |
| 1863–1874 | Edward Creighton |
| 1875–1906 | Herman Kountze |
| 1906–1907 | John A Creighton |
| 1907–1914 | Charles T Kountze |
| 1914–1934 | Frederick H Davis |
| 1935–1948 | Thomas L Davis |
| 1948–1953 | Fred W Thomas |
| 1953–1966 | John F Davis |
| 1966–1970 | John R Lauritzen |
| 1971–1986 | F Phillips Giltner |
| 1987-unknown | Bruce R Lauritzen |
| 2006–2009 | Rajive Johri |
| 2009-current | Dan O'Neill |
Current board of directors
The First National Board of Directors is made up of family stockholders, independent directors, and management of the bank and its holding company. The Chairman of the Board is Bruce Lauritzen, whose family owns a controlling interest in the Bank's holding company.- Bruce R. Lauritzen
- Nicholas W. Baxter
- George J. Behringer
- John W. Castle
- Margaret Lauritzen Dodge
- Stephen F. Eulie
- J. William Henry
- Clarkson D. Lauritzen
- Jerry J. O'Flanagan
- Daniel K. O'Neill
- Thomas C. Stokes
- Michael A. Summers
Current executives
| Name | Position | Division |
|---|---|---|
| Daniel K. O'Neill | President | First National Bank of Omaha |
| Nicholas W. Baxter | Senior Vice President and Secretary | First National Bank of Omaha |
| James B. Cole | Senior Vice President | First National Information Technology |
| David S. Downing | Senior Vice President | First National Operations |
| Mark Driscoll | Market President | Colorado |
| Mike Earlywine | Market President | Kansas |
| Stephen Eulie | President | First Bankcard |
| Mike Foutch | Senior Vice President | Human Resources |
| Rolland Johannsen | Senior Vice President | Retail Banking Group |
| Clark Lauritzen | President | Wealth Management & Investment Banking |
| Stephanie Moline | Executive Vice President | Corporate Banking Group |
| Jerry J. O'Flanagan | Chief Credit Officer | First National of Nebraska |
| David N. Simmons | Senior Vice President | First National Bank of Omaha |
| Timothy A. Struthers | Market President | Castle Bank |
| Michael A Summers | Chief Financial Officer | First National of Nebraska |
After three years as the President of FNBO, Rajive Johri retired on January 6, 2009. Dan O'Neill, who is also the president of First National of Nebraska, has succeeded Johri as president. During his three years, chairman Bruce Lauritzen states that Johri engineered the significant growth of the credit card division, introduced the banks online savings product and opened up the first branches in Iowa.
Branches
Currently, First National Bank has branches in Nebraska, Iowa and Texas. In Nebraska, there are 20 branches in OmahaOmaha, Nebraska
Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River...
, four in Lincoln
Lincoln, Nebraska
The City of Lincoln is the capital and the second-most populous city of the US state of Nebraska. Lincoln is also the county seat of Lancaster County and the home of the University of Nebraska. Lincoln's 2010 Census population was 258,379....
, two in Beatrice
Beatrice, Nebraska
Beatrice is a city in and the county seat of Gage County, Nebraska.Beatrice is located south of Lincoln on the Big Blue River. It is surrounded by agricultural country. The population was 12,459 at the 2010 census.-History:...
, and one in Bellevue
Bellevue, Nebraska
Bellevue is a city in Sarpy County, Nebraska, United States. The population was 50,137 at the 2010 census. Eight miles south of Omaha, Bellevue is part of the Omaha-Council Bluffs metropolitan area. Originally settled in the 1830s, It was the first state capitol. Bellevue was incorporated in...
, David City
David City, Nebraska
David City is a city in Butler County, Nebraska, United States. The population was 2,597 at the 2000 census. It is the county seat of Butler County.-Geography:David City is located at ....
, and Papillion
Papillion, Nebraska
Papillion is a city in Sarpy County in the U.S. state of Nebraska. It is a suburb to the southwest of neighboring Omaha, and is the county seat of Sarpy County. The population of Papillion was 18,894 at the 2010 census. In 2009, Papillion was named the #3 best place to live in the United States by...
. On September 6, 1984, FNBO acquired David City Bank in David City. On May 31, 1988, FNBO acquired First Security Bank & Trust Co. in Beatrice. On November 21, 1989, FNBO acquired First of Omaha Savings Co. in Omaha.
Texas is also the home to four branches, however, they operate under the name of First National Bank Southwest. There are currently two branches in Frisco
Frisco, Texas
Frisco is an affluent city in Collin and Denton Counties in the U.S. state of Texas and a rapidly growing suburb of Dallas. As of the 2010 Census, 116,989 people were living in Frisco up from 33,714 in the previous census. Frisco was the fastest growing city in the United States in 2009, and also...
and two in Plano
Plano, Texas
Plano is a city in the state of Texas, located mostly within Collin County. The city's population was 259,841 at the 2010 census, making it the ninth-largest city in Texas and the 71st most populous city in the United States. Plano is located within the metropolitan area commonly referred to as...
. On December 15, 2000, FNBO acquired First State Bank in Frisco. The initial branches in Glenwood
Glenwood, Iowa
Glenwood is a city in and the county seat of Mills County, Iowa, United States. The population was 5,269 in the 2010 census, a decline from 5,358 in the 2000 census. -History:...
opened on January 1, 1883 as Mills County State Bank. On May 1, 2001, they changed their name to Mills County Bank, N.A. On February 9, 2008, they merged with First National Bank of Omaha. The first branch in Council Bluffs
Council Bluffs, Iowa
Council Bluffs, known until 1852 as Kanesville, Iowathe historic starting point of the Mormon Trail and eventual northernmost anchor town of the other emigrant trailsis a city in and the county seat of Pottawattamie County, Iowa, United States and is on the east bank of the Missouri River across...
opened on July 28, 2008. The first First National Bank Iowa branch opened in Des Moines on June 30, 2008.
In the June 19, 2008 edition of the Omaha World-Herald
Omaha World-Herald
The Omaha World-Herald, based in Omaha, Nebraska, is the primary daily newspaper of Nebraska, as well as portions of southwest Iowa. For decades it circulated daily throughout Nebraska, and in parts of Kansas, South Dakota, Missouri, Colorado and Wyoming. In 2008, distribution was reduced to the...
, Rajive Johri, president of First National Bank, stated that First National had planned to open a branch office in Des Moines, Iowa
Des Moines, Iowa
Des Moines is the capital and the most populous city in the US state of Iowa. It is also the county seat of Polk County. A small portion of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines which was shortened to "Des Moines" in 1857...
this summer, but due to the recent flooding in the area, the opening date is being pushed back to the fall.
FNBO Direct
FNBO Direct, a division of First National Bank of Omaha, started operations in November 2006 at a 5.25% Annual Percentage YieldAnnual Percentage Yield
Annual percentage yield is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules...
(APY). FNBO Direct launched a nationwide campaign to promote their online savings account on May 1, 2007. In honor of the bank's 150th anniversary, the APY was placed at 6.0% for 150 days from May 1 through September 28, 2007. In an e-mail sent to customers at the end of August, it was announced that the FNBO Direct Credit Card will give a competitive interest rate and cash back rewards that would be deposited directly into the online savings account. The credit card product launched to a selected number of customers that currently have an online savings account
Online savings account
An online savings account is a savings account managed and funded primarily on the Internet.-Features:OSAs are often characterized by a higher interest rate or lower fees, compared with traditional savings accounts....
on September 26, 2007. On November 28, 2007, FNBO Direct launched an Online Billpay account as well as offering a certificate of deposit
Certificate of deposit
A certificate of Deposit is a time deposit, a financial product commonly offered to consumers in the United States by banks, thrift institutions, and credit unions....
available, at first, for four different terms (9 month, 12 month, 18 month, and 24 month). Currently, customers are able to choose from a six month term as well.
First National Merchant Solutions
In addition to being a top-10 payment processor, First National Merchant Solutions is also the 4th largest bank processor in the United States and is the 6th largest in-house processor of credit cards. In 1967, First National Bank of Omaha automated many of its manual credit card processes and was the first credit card processing center in the nation to offer descriptive billing statements. In 1988, First National Bank of Omaha became the first processor to develop authorization slips for restaurants with a blank area for including tip. A couple of years later, FNBO's acquiring division was renamed to First of Omaha Merchant Processing. First of Omaha Merchant Processing received the 1994 Member Service Quality Performance Award for Best Copy Performance by an acquirer with Visa sales over $1.5 billion. In 2002, First of Omaha Merchant Processing changed its name to First National Merchant Solutions. A year later, FNMS celebrated its 50th year of processing payments. First National Merchant Solutions became one of the first processors to offer merchants ACH and credit card transactions in the same batch file in 2004. The following year, First National Merchant Solutions introduced First Resolution OnlineTM, the first chargeback management tool in the market to allow merchants to resolve chargebacks online.FNBO also underwrites for two large ISO
ISO 8583
ISO 8583 Financial transaction card originated messages — Interchange message specifications is the International Organization for Standardization standard for systems that exchange electronic transactions made by cardholders using payment cards...
's, International Merchant Services, located in Westmont, Illinois
Westmont, Illinois
Westmont is a village in DuPage County, Illinois, United States. Westmont is a community of six square miles in area, with a 2007 population of 26,211...
, and Merchant Services, Inc. of Farmingdale, New Jersey
Farmingdale, New Jersey
Farmingdale is a borough in Monmouth County, New Jersey, United States. As of the 2010 United States Census, the borough population was 1,329....
. On April 1, 2010, TSYS
TSYS
Total System Services, Inc. is the largest processor of merchant acquirers and bank credit card issuers. Creators of TS2 and TS1. TSYS is located in Columbus, Georgia, United States. TSYS acquired a leading prepaid card processor, Clarity Payment Solutions, Inc...
announced that they would be acquiring 51% of the merchant division, and the remaining 49% would remain under the ownership of FNBO. The new name of the company is First National Merchant Solutions, LLC (FNMS). Joint Venture with TSYS
It was announced on January 4, 2011 that TSYS would acquire the remaining 49% of the company, thus changing their name to TSYS Merchant Solutions.
First National Credit Card Center
In 1953, First National's consumer finance operation launched its "First Charge" card which remains to this day the most profitable innovation in First National's long history. The bank issued a simple little card, which was nothing more than a white piece of plasticized paper, complete with a green logo, and an inscription which spelled "First Charge Account Service" and a red number which served to identify the cardholder. First National Credit Card Center (FNCCC) is one of the top three banks serving the credit card needs of other financial institutions, including Union Bank of CaliforniaUnion Bank of California
Union Bank, N.A., formerly known as Union Bank of California, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations...
and People's Bank
People's Bank
People's Bank, or variations such as People's State Bank or People's National Bank Building, may refer to:in Austria*Volksbank, Central European retail bank headquartered in Austriain China...
. FNCCC also services credit cards for the National Rifle Association
National Rifle Association
The National Rifle Association of America is an American non-profit 501 civil rights organization which advocates for the protection of the Second Amendment of the United States Bill of Rights and the promotion of firearm ownership rights as well as marksmanship, firearm safety, and the protection...
, Major League Lacrosse
Major League Lacrosse
Major League Lacrosse, or MLL, is a professional men's field lacrosse league that is made up of five teams in the United States and one team in Canada.- History :...
, World of Warcraft
World of Warcraft
World of Warcraft is a massively multiplayer online role-playing game by Blizzard Entertainment. It is the fourth released game set in the fantasy Warcraft universe, which was first introduced by Warcraft: Orcs & Humans in 1994...
, Scheels All Sports
Scheels All Sports
Scheels All Sports is a privately held, employee owned and operated sporting goods and entertainment chain store headquartered in Fargo, North Dakota. Scheels operates 24 store locations in nine U.S. states. Their slogan is Gear. Passion. Sports....
, just to name a few. SunTrust Bank announced on December 12, 2006, that it has signed an agreement with Atlanta-based InfiCorp Holdings, Inc. (subsidiary of First National of Nebraska) for issuing consumer credit cards. Under terms of the agreement, InfiCorp will market, originate and service SunTrust-branded cards starting in the first quarter of 2007, focusing on SunTrust clients.
Interest Rate Battles
An Iowa resident by the name of Fred Fisher received an unsolicited BankAmericard from First National Bank Omaha, in February 1969. Fisher filed a complaint against the Omaha bank on September 3, 1971, for exporting Nebraska's higher interest rates to his state. He told the U.S. District Court that since the Iowa legislature had fixed the usury ceiling at nine percent, First National was breaking the law by charging him 18 percent for advance of up to $500. Marquette threatened by taking the Omaha bank to the U.S. Supreme Court if necessary if their practice continued. The Marquette bank offered credit cards for a $10 fee at a flat rate of 12 percent interest on outstanding credit. First National required no fee and it charged 18 percent interest for credit up to $500 and 12 percent on all additional balances.Marquette began to lobby for the passage of a state law designed to put a 12 percent ceiling on all bank credit card outstandings. In May 1976, about one month after that measure was signed into law, Marquette filed a suit to make its Omaha rival conform to the 12 percent limit. The decision maintained that the 115-year-old National Bank Act takes precedence over usury statues in individual states. Justice William J. Brennan, Jr.
William J. Brennan, Jr.
William Joseph Brennan, Jr. was an American jurist who served as an Associate Justice of the United States Supreme Court from 1956 to 1990...
wrote that the 1863 law permitted a national bank to charge interest at the rate allowed by the regulations of the state in which the lending institution is located. On July 25, 1979, the Iowa Supreme Court overturned their decision that was made on August 30, 1978.
Closing of the Kearney Call Center
It was announced on the Kearney HubKearney Hub
The Kearney Hub is a daily newspaper published in Kearney, Nebraska, United States, and is the primary newspaper for south-central region of Nebraska surrounding the city, including Buffalo County, Nebraska and the Kearney Micropolitan Statistical Area....
's website that the Kearney call center will be closing, effective February 28, 2009. FNBO plans to move its customer service operations in Kearney to its locations in Bloomfield, Omaha and Wayne, Nebraska, after formal approval by its board of directors. "First National Credit Card Center has been growing profitably over the past three years. This consolidation plan is designed to fully utilize our call center facilities to support future growth, while allowing us to be more efficient." President Stephen Eulie said in a press release. "It will result in a significant increase in the number of employees at our other sites and improved career options for those individuals." He said the decision to close the Kearney call center and move those positions will enable the company to more effectively centralize operations functions while reducing the expense of managing its overall business. Operations at the call centers include inbound customer service, credit card collections, account activity alert and fraud prevention, credit analysis, credit account processing, specialized customer contact and technology support. First National has operated the call center in Kearney since 1992.
Buildings
Northern Natural Gas Building
The Northern Natural Gas Building, also known as the 2223 Dodge Street Building, is located at 2223 Dodge Street in the Park East neighborhood of downtown Omaha, Nebraska, United States. It is a 260 ft , 19-story skyscraper that ranks 8th, among Omaha's top ten tallest buildings. Currently the...
is located at 2223 Dodge Street
Dodge Street
Dodge Street is the main east–west street in Omaha, Nebraska. Numbered as U.S. Route 6, the street starts in Downtown Omaha and connects to West Dodge Road around 78th Street. From there it continues westward through the remainder of Douglas County....
in Omaha, Nebraska, United States. It is a 260 ft (79 m), 19-story skyscraper. This building housed the credit card operations until the opening of the First National Tower in 2002.
First National Business Park
First National Business Park
First National Business Park is located at 144th & Dodge Streets, just north of Boys Town in West Omaha. CB Richard Ellis regards the park as Omaha's "most prestigious location"...
is located at just north of Boys Town
Boys Town, Nebraska
Boys Town is a village in Douglas County, Nebraska, United States. The population was 818 at the 2000 census. Boys Town is a suburb of Omaha.The village of Boys Town was established as the headquarters of the Boys Town organization, also known as "Father Flanagan's Boys' Home", founded by Father...
in West Omaha
West Omaha, Nebraska
West Omaha is a geographic area of Omaha, Nebraska that comprises all points within the Omaha metropolitan area west of 72nd Street.-Demographics:...
. First National Business Park is located at 144th & Dodge Streets. First National Bank occupies 14010 FNB Parkway. There is also a bank branch located at the business park at 14310 FNB Parkway. Valmont Industries
Valmont Industries
Valmont Industries, Inc. is a large, publicly-held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting & traffic poles and steel utility poles....
has their corporate headquarters located at One Valmont Plaza, which is also located in the Business Park. It was announced on October 23, 2008 that Yahoo will be coming to the Omaha Metro Area
Omaha-Council Bluffs metropolitan area
The Omaha-Council Bluffs metropolitan area is a metropolitan area comprising the cities of Omaha, Nebraska, Council Bluffs, Iowa, and surrounding areas. The Omaha-Council Bluffs metropolitan area has a population of 865,350 . The metropolitan area, as defined by the Office of Management and Budget,...
. Yahoo stated that the First National Business Park will be the home to the customer care center that should open next April.
First National Center
First National Center (Omaha)
First National Center is located at 1620 Dodge Street in downtown Omaha, Nebraska. A 22-story office building, it is one of the tallest buildings in Omaha. The building is attached to a 19 story, 420-room Doubletree hotel and a 550-stall parking garage....
is a 22-story office building in downtown Omaha. The building is attached to a 420-room hotel and a 550-stall parking garage. The First National Center is located at 1620 Dodge St in downtown Omaha
Downtown Omaha
Downtown Omaha is the central business, government and social core of the Omaha-Council Bluffs metropolitan area, and is located in Omaha, Nebraska. The boundaries are 20th Street on the west to the Missouri River on the east and the centerline of Leavenworth Street on the south to the centerline...
. The hotel that is joining the First National Center is the Doubletree Hotel
Doubletree
.Doubletree by Hilton is a worldwide brand of upscale, full-service hotels and resorts trademarked by Hilton Worldwide. There are currently more than 220 locations with 55,000 rooms worldwide in the United States, Canada, Costa Rica, Peru, China, United Kingdom, Italy, Slovakia, Tanzania, Norway...
.
With the completion of the First National Technology Center, FNBO became the first business in the country to utilize hydrogen fuel cells. In 2008, ComputerWorld named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies"
The First National Bank Tower
First National Bank Tower
The First National Bank Tower is a 634 ft , 45-story skyscraper at 1601 Dodge Street in downtown Omaha, Nebraska. Built in 2002, it is currently the tallest building in Nebraska. It was built on the site of the former Medical Arts Building which was imploded on April 2, 1999...
is a 634 ft (193 m), 45-story skyscraper at 1601 Dodge Street in downtown Omaha. Built in 2002, it is currently the tallest building in Nebraska, as well as the tallest building between Minneapolis and Denver. It was built on the site of the former "Medical Arts Building" which was imploded on April 2, 1999. Inside the glass lobby is a large section of the ornamental facade from the former "Medical Arts Building". The First National Bank Tower also plays host to Trek up the Tower, a vertical stair climb race up to the top of the tower. This race is presented by The Wellness Council of the Midlands. The building is the headquarters of First National of Nebraska
First National of Nebraska
First National of Nebraska is a privately held, interstate bank holding company based in Omaha, Nebraska, USA. The largest banking subsidiaries are First National Bank of Omaha, First National Bank Colorado, First National Bank Kansas and First National Bank South Dakota. First National of...
.
External links
- First National Bank Omaha
- FNBO Direct
- First National Merchant Solutions
- First National of Nebraska
- First National Bank of Iowa
- First National Bank Southwest
- Laser One
- Mills County Bank-new bank acquired by First National Bank of Omaha
- Scooter's Coffeehouse-Partnered with First National Bank