Why would Mutual of Omaha Bank acquire First National Bank?
The transaction includes all deposits, both insured and uninsured. All former branches of First National Bank of Nevada (also operating as First National Bank of Arizona) and First Heritage Bank will open Monday as branches of Mutual of Omaha Bank, and all depositors will automatically become depositors of Mutual of Omaha Bank, said Jeff Schmid, chairman and CEO of Mutual of Omaha Bank. Sources: http://www.istockanalyst.com/article/viewiStockNews+articleid_2438764~title_Mutual-of-Omaha-Bank-to.
