of nebraska type private company traded as otcqb finn industry finance and insurance founded august 27 1968 1968 08 27 headquarters omaha nebraska united states key people bruce lauritzen chairman services financial services website http www.fnni.com first national of nebraska is a privately held interstate bank holding company based in omaha nebraska united states . 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 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 17 billion in managed assets and 5 000 employees . 1 as of june 30 2009 first national of nebraska had shareholders equity of 1 116 225 000 with 315 000 shares outstanding and a book value per share of 3 544 . 2 contents 1 history 2 ownership 3 board of directors 4 senior management 5 banking subsidiaries 5.1 castle bank n.a. 5.2 first national bank colorado 5.3 first national bank columbus 5.4 first national bank kansas 5.5 first national bank north platte 5.6 first national bank omaha 5.6.1 first national bank southwest 5.6.2 first national bank iowa 5.7 first national bank south dakota 5.8 first national bank fremont 5.9 platte valley state bank 6 non banking subsidiaries 7 national business rankings 8 sponsorships 9 see also 10 references 11 external links history edit 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. 3 in 2008 computerworld named first national of nebraska as the third best in a top 12 list of green it companies 4 ownership edit 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 . 5 the lauritzen corporation has an approximate 28 % voting share in first national of nebraska inc. 6 board of directors edit 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 . 7 bruce r. lauritzen chairman clarkson d. lauritzen president wealth management & investment banking margaret lauritzen dodge daniel k. o neill president michael s. mahlendorf senior vice president george j. behringer j. william henry john w. castle thomas c. stokes senior management edit name position michael a summers evp and chief financial officer nicholas w baxter evp & chief risk officer & secretary rolland johansen evp retail and mortgage steve eulie evp first bankcard center michael s foutch evp technology operations and hr jerry j o flanagan evp and chief credit officer clark lauritzen evp commercial lending and wealth management timothy d hart senior vice president and treasurer banking subsidiaries edit effective september 30 first national bank of kansas first national bank of colorado and castle bank will operate as divisions of first national bank of omaha a subsidiary of first national of nebraska . castle bank n.a. edit 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 . 8 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 . 9 first national bank colorado edit main article first national bank 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 in business in colorado . 10 on february 15 2008 first national bank of colorado first national bank of fort collins and union colony bank merged under first national bank colorado . first national bank columbus edit 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 . 11 first national bank kansas edit website branches in kansas fairway olathe overland park and shawnee first national bank kansas was established in kansas in 1993 as part of one of the oldest and most successful financial organizations in the midwest first national of nebraska . 12 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 invest this large deposit base fnbk purchased credit card receivables from an affiliated bank . most of the receivables originated 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 . 13 first national bank north platte edit website branches in nebraska north platte alliance chadron 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 . in april 2010 the gering branch was closed . first national bank omaha edit main article first national bank 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 edit a division of first national bank of omaha website branches in texas frisco and plano first national bank southwest originally opened on january 23 1946 as first state bank . on december 15 2000 first state bank merged with first national bank southwest and moved their headquarters from silverton texas to frisco texas . on february 22 2001 the headquarters moved from frisco to its current home in omaha . first national bank iowa edit a division of first national bank of omaha website branch in iowa des moines the first first national bank iowa opened inside the davis brown tower in des moines iowa on june 30 2008 . first national bank south dakota edit main article first national bank 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 . first national bank fremont edit website branches in nebraska fremont first national bank fremont formally known as fremont national bank & trust 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 edit website branches in nebraska kearney and grand island in 1944 a group of kearney businessmen raised enough capital to charter the platte valley state bank . the bank was located on the corner of 23rd street and central avenue kearney nebraska . in 1962 ground was broken for the construction of the new ultra modern round bank and the circle of service was launched . at that time the bank had eight million in total assets and ten employees . by june 1998 the circle of service was expanded to a financial center with new and expanded services all under one roof and nearly 320 million in assets and 43.27 % of the deposit market share in the city of kearney . three years later services were expanded to include the grand island area and by 2005 a new facility was open for business along the 281 corridor in grand island nebraska . today platte valley state bank & trust company is part of the first national nebraska inc. community of banks in nebraska south dakota colorado kansas texas and illinois . platte valley state bank & trust is focused on central nebraska with major investments of people and capital in the kearney and grand island communities . it is one of the top banking insurance and financial service companies in nebraska . 14 non banking subsidiaries edit 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 15 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