First Nebraska Bank is a state-chartered

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

headquartered in

Valley, Nebraska Valley is a city in Douglas County, Nebraska, United States. The population was 1,875 at the 2010 census. Valley is also home to the area's National Weather Service office, serving portions of eastern Nebraska and southwestern Iowa. History V ...

. Founded in 1885, First Nebraska Bank is one of the oldest banking companies in

Nebraska Nebraska () is a state in the Midwestern region of the United States. It is bordered by South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Kansas to the south; Colorado to the southwe ...

, with over $259 million in assets as of December 31, 2012. The bank has ten branches in Nebraska, with locations in

Arcadia Arcadia may refer to: Places Australia * Arcadia, New South Wales, a suburb of Sydney * Arcadia, Queensland * Arcadia, Victoria Greece * Arcadia (region), a region in the central Peloponnese * Arcadia (regional unit), a modern administrative un ...

, Bennet, Brainard,

Columbus Columbus is a Latinized version of the Italian surname "''Colombo''". It most commonly refers to: * Christopher Columbus (1451-1506), the Italian explorer * Columbus, Ohio, capital of the U.S. state of Ohio Columbus may also refer to: Places ...

, Decatur, Emerson,

Nebraska City Nebraska City is a city in Nebraska, and the county seat of, Otoe County, Nebraska, United States. As of the 2010 census, the city population was 7,289. The Nebraska State Legislature has credited Nebraska City as being the oldest incorporated ...

, Stanton,

Valley A valley is an elongated low area often running between Hill, hills or Mountain, mountains, which will typically contain a river or stream running from one end to the other. Most valleys are formed by erosion of the land surface by rivers ...

, and Weeping Water. Primary federal oversight for the bank is provided by the

Federal Reserve Bank of Kansas City The Federal Reserve Bank of Kansas City is located in Kansas City, Missouri and covers the 10th District of the Federal Reserve, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, and portions of western Missouri and northern New Mexic ...

, while state oversight is provided by the Nebraska Department of Banking and Finance.

Ownership and Management

First Nebraska Bank is a privately held company. It is 100% owned by Valley Bank Shares, Inc., a

bank holding company A bank holding company is a company that controls one or more banks, but does not necessarily engage in banking itself. The compound bancorp (''banc''/''bank'' + '' corp ration') is often used to refer to these companies as well. United States ...

, which also owns 100% of First Nebraska Insurance Group, Inc., an insurance agency with five offices in central and eastern Nebraska. Clark Lehr is the bank's current chairman and chief executive officer. In May, 2012, at the Annual Convention of the

Nebraska Bankers Association The Nebraska Bankers Association (NBA) is a professional trade association for banks in Nebraska. Its headquarters are in the state's capital city of Lincoln Lincoln most commonly refers to: * Abraham Lincoln (1809–1865), the sixteenth presiden ...

(NBA), a state association for the Nebraska banking industry, Lehr was elected chairman of that organization. Clark previously served as member and chairman of the NBA Executive Management Committee, and also was a member of the NBA Marketing Committee. Lydell "Woody" Woodbury is the bank's current chief operating officer. Woodbury also served as the 2005-2006 Government Relations Committee Chairman for the Nebraska Bankers Association.

Acquisitions

On August 1, 2012, First Nebraska Bank closed on the acquisition of Heartland Community Bank. Heartland's branches in Avoca, Bennet, Nebraska City, and Weeping Water were rebranded as branches of First Nebraska Bank.

References

External links

*{{Official website, http://www.firstnebraskabank.com/ Non-Banking
Brokerage ServicesFirst Nebraska Bank Insurance Group
Banks based in Nebraska Privately held companies based in Nebraska Banks established in 1885 1885 establishments in Nebraska