History
| Name | Position | Years |
|---|---|---|
| John F. Davis | Chairman | 1967–1972 |
| John R. Lauritzen | President | 1967–1972 |
| Chairman | 1972–1994 | |
| F. Phillips Giltner | President | 1972–1994 |
| Chairman | 1994-Unknown | |
| Bruce R. Lauritzen | President | 1994-unknown |
| Chairman | current | |
| Dan O'Neill | President | current |
With the building of the First National Center in the 1960s, it was made clear that the bank officials had to establish the overall cost of the project. It was determined that total expenses, including the $2.5 million already paid to Woodmen and adjoining property owners for land, would come to $13.9 million. Next, it became necessary to form a holding company because there is a statutory limitation on the amount of money a bank is allowed to invest in brick and mortar. The U.S. Code draws the line at 50 percent of the financial institution's capital and surplus account, and they had decided to invest as much in that building, literally, as First National's entire net worth. A parent corporation, acting technically in its own name and on its own behalf, can go ahead and incur a sizable debt for construction purposes without running afoul of federal law, as long as it owns at least 80 percent of its subsidiary's stock. With that in mind, First National Bank's directors created (August 27, 1968) and its shareholders approved (January 21, 1969) First National of Nebraska, Inc.
In 2008, ComputerWorld named First National of Nebraska as the third best in a top 12 list of "Green-IT Companies"
Read more about this topic: First National Of Nebraska
Famous quotes containing the word history:
“The history of medicine is the history of the unusual.”
—Robert M. Fresco, and Jack Arnold. Prof. Gerald Deemer (Leo G. Carroll)
“A country grows in history not only because of the heroism of its troops on the field of battle, it grows also when it turns to justice and to right for the conservation of its interests.”
—Aristide Briand (1862–1932)
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)