Mutual of Omaha Bank

Mutual of Omaha Bank, originally established as State Security Savings Company on May 23, 1985, underwent several identity and operational changes throughout its history. On January 31, 1987, it transformed into State Security Savings, a Federal Savings Bank, and subsequently changed its chartering agency to the Office of Thrift Supervision. The institution adopted the name Mutual of Omaha Bank on October 26, 2007, following the acquisition of Nebraska State Bank of Omaha and Peak National Bank. Over the next decade, Mutual of Omaha Bank expanded its operations through several acquisitions, including significant mergers with institutions such as First Heritage Bank in Newport Beach, California, and First National Bank of Nevada in Reno, Nevada, both in July 2008, as part of government-assisted mergers. In 2011, the bank transitioned to full trust powers and changed its primary federal regulatory agency to the Office of the Comptroller of the Currency. The bank's main office moved to various locations in Omaha, Nebraska, before its final relocation to 1299 Farnam Street in January 2019. On January 1, 2020, Mutual of Omaha Bank merged into Cit Bank, National Association in Pasadena, California, and subsequently became part of First-Citizens Bank & Trust Company in Raleigh, North Carolina, on January 4, 2022.

Below is a list of some important events in banks history, including mergers and acquisitions.

1985-05-23Institution established. Original name: State Security Savings Company.

1987-01-31Changed Chartering Agency to Ots.

1987-01-31Changed Organization Type to Stock Savings Bank.

1987-01-31Changed Institution Name to State Security Savings, A Fsb.

2007-10-26Changed Institution Name to Mutual of Omaha Bank.

2007-10-26Main Office moved to 3333 Farnam Street, Omaha, NE 68131.

2007-10-30Acquired Peak National Bank in Nederland, CO.

2007-11-02Acquired Nebraska State Bank of Omaha in Omaha, NE.

2008-07-25Acquired First National Bank of Nevada in Reno, NV as part of a government assisted merger.

2008-07-25Acquired First Heritage Bank, N.a. in Newport Beach, CA as part of a government assisted merger.

2010-02-19Acquired Marco Community Bank in Marco Island, FL as part of a government assisted merger.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2011-07-21Changed Trust Powers to Full.

2019-01-01Main Office moved to 1299 Farnam Street, Suite 1550, Omaha, NE 68102.

2020-01-01Merged and became part of Cit Bank, National Association in Pasadena, CA.

2022-01-04Merged and became part of First-Citizens Bank & Trust Company (11063) in Raleigh, NC.