Nebraska bank is first failure of 2020


Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.


Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84


Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.


CIT buys itself wiggle room with Mutual of Omaha Bank deal


Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.


Great Southern to sell branch network in Omaha, Neb.


The company will also sell $58 million in deposits to West Gate Bank.


First National of Omaha to drop NRA card partnership


Facing pressure to act on gun control laws, the Omaha bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."


First National in Neb. invests in microfinance pioneer


The $1.5 million investment will help Grameen America make more small-dollar loans in the Midwest.


Ask Alice — she'll say character is collateral


A Nebraska banking veteran put up $1 million of her own money to create a microlending program that doesn't require business owners to provide traditional collateral.