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In August 2016, First National Bank of Omaha was disciplined for numerous deceptive marketing and unfair billing practices regarding credit card add-on products such as credit monitoring, identity theft monitoring, and debt relief products and services that they did not receive.
First National of Nebraska, Inc. is an interstate bank holding company based in Omaha, Nebraska, and is the parent company of First National Bank of Omaha. It is an affiliate of the Lauritzen Corporation and is primarily owned by the Lauritzen family.
In 1969, one of these unsolicited cards, First National Bank of Omaha, came to Iowa resident Fred Fisher. He filed suit in the Southern District of Iowa against the Omaha bank on September 3, 1971, for exporting Nebraska's higher interest rates to his state. He alleged that since that state's legislature had fixed the usury ceiling at nine ...
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Across the next three decades, the bank continued to grow, and in 1974, FNB Corporation was established as a financial services holding company for a growing family of business entities which included the bank, under the name The First National Bank of Mercer County and with an asset size of $120 million, and Regency Finance Company.
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