First National of Nebraska, Inc. Surveillance Report
Company Profile
First National of Nebraska, Inc. (OTC: FINN) is a closely held financial holding company with its primary subsidiary, First National Bank of Omaha (est. 1857). The company’s operations include traditional retail and commercial banking, along with a wealth management group and brokered-dealer serving an eight-state region encompassing NE, CO, IA, IL, SD, KS, WY, and TX. The company also provides IT managed services through its First National Technology Services subsidiary.
FINN is an upper mid-tier credit card issuer nationally, with roughly 3.5 million active card accounts and $7.8 billion (or 34% of total loans) in total card balances at 2Q24. The company offers branded cards, financial institution partnerships, a national direct to consumer card, a commercial card and its own retail card option. The branded cards continue to be the company’s leading driver of growth representing more than 60% of outstandings at 2Q24.
The remainder of the loan…
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