Union Bank & Trust Company
Encyclopedia
Union Bank & Trust Company is a privately owned, state chartered commercial bank
headquartered in Lincoln, Nebraska
. The bank was founded on February 28, 1917 under the name Farmer's State Bank. The name was changed to Union Bank in 1935, then to its current name in 1959 with the addition of trust powers. The bank was purchased by the Dunlap family of Nebraska, its current owners, in 1965. As of December 31, 2007, Union Bank had over $1.65 billion in bank assets, over $9.25 billion in Trust assets under management
, 15 branches in Lincoln, another 15 throughout Nebraska, and two in Kansas
.
Union Bank maintains relationships with several other companies, the most prominent being Nelnet
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
headquartered in Lincoln, Nebraska
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....
. The bank was founded on February 28, 1917 under the name Farmer's State Bank. The name was changed to Union Bank in 1935, then to its current name in 1959 with the addition of trust powers. The bank was purchased by the Dunlap family of Nebraska, its current owners, in 1965. As of December 31, 2007, Union Bank had over $1.65 billion in bank assets, over $9.25 billion in Trust assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
, 15 branches in Lincoln, another 15 throughout Nebraska, and two in Kansas
Kansas
Kansas is a US state located in the Midwestern United States. It is named after the Kansas River which flows through it, which in turn was named after the Kansa Native American tribe, which inhabited the area. The tribe's name is often said to mean "people of the wind" or "people of the south...
.
Union Bank maintains relationships with several other companies, the most prominent being Nelnet
Nelnet
Nelnet is a Lincoln, Nebraska-based lending conglomerate that deals in the administration and repayment of student loans.-History:Nelnet was founded as the UNIPAC Loan Service Corporation in 1978 and renamed Nelnet in 1996. Its current Chairman & Chief Executive Officer is Michael S. Dunlap...
.