First Commerce Bancshares Inc. is a banking company whose main subsidiary, National Bank of Commerce (NBC), is the largest bank in Lincoln, Nebraska. On July 17, 2000, First Commerce banks became part of Wells Fargo Bank. At that time, First Commerce had about 1,400 employees and $ 2.3 billion in assets. National Bank of Commerce has assets of $ 1.5 billion. Other units of First Commerce include mortgage companies, asset management companies, and NBC/Computer Services Corporation.
Video First Commerce Bancshares
Bank
- National Bank of Commerce, Lincoln
- Western Nebraska National Bank, North Platte
- First National Bank & amp; Trust Co., Kearney
- The Overland National Bank, Grand Island
- First National Bank of McCook
- First National Bank of West Point
- Western Nebraska National Bank, Valentine
- City National Bank & amp; Kepercayaan, Hastings
Maps First Commerce Bancshares
Histori
Morris Weil moved from France to the United States in 1875 at the age of 17 years. After starting the Lincoln Cat and Color Company in 1892, he began to establish Bank Niaga in 1902 with a capital of $ 50,000. Weil served as president until his death 43 years later, though he had started a bank for his son, Carl, who worked at another bank in town.
During Panic of 1907, while many banks failed, Weil's skill kept The Bank of Commerce going. Weil ultimately seeks a national charter leading to a series of agricultural crises. But under Weil's leadership, and the name of the bank turned into the National Bank of Commerce of Lincoln.
One of the keys to Weil's success is Weil's ability to visit and advise small community banks around the state of Nebraska. In addition, about half of his deposits came from the banks he visited. Weil also attracted many businesses operating in Lincoln.
The National Bank of Commerce added one of Nebraska's first savings departments in 1911, In 1924, the bank had grown so much that it needed a new headquarters, and a six-story building ride on the 13th and O streets. National Bank of Commerce survived from Great Depression, one of the few banks doing it.
In 1945, Byron Dunn, a bank employee since he was 17 years old in 1905, succeeded Weil after his death. In the 1920s, Dunn had visited Colorado to collect livestock loans, which the National Bank of Commerce has arranged through banks in Denver. After the bank went bankrupt, Dunn and a group of cowboys rounded up livestock, although in some cases other banks claimed that his livestock did not belong to National Bank of Commerce. However, Dunn has the determination and most of the cowboys, and his bank collects most of the cattle.
Under Dunn, National Bank of Commerce becomes a "full service financial service facility". He added more ads, improved bank appearances, added cost accounts, and had checks printed in Braille. Dunn is also involved in the community, helping start employee newspapers, and building lodging in South Bend. Dunn retired in 1961 with his bank over $ 80 million in deposits.
Glenn Max Yaussi, who started as an employee $ 55 per month in 1934, replaced Dunn. Yaussi acknowledged the need for new procedures and hired consultants. He also arranged the merger with Lincoln First Trust Company, one of the most trusted companies in the state, adding mortgage departments and agricultural management departments.
In 1964, National Bank of Commerce significantly increased deposits by offering one of the highest savings rates in the country. That same year, the bank bought a computer for its bookkeeping and became one of the first banks in the region to computerize its operations, then provide computer services to other banks.
In 1967, Paul Amen succeeded Yaussi, who became chairman and CEO. In 1968, the National Bank of Commerce joined another bank to offer Master Charge credit cards through the MidAmerica Bankcard Association. In the same year, banks began offering travel services.
In 1972, the National Bank of Commerce took over the Mutual Savings Company of Lincoln, which had assets of nearly $ 1 million but grew to $ 23 million five years later. The following year, the bank added the Nebraska Savings Company of Scottsbluff. Also during the 1970s, the bank took over the responsibility of bonds Robert E. Schweser Company, Inc. and started NBC Leasing Company. National Bank of Commerce also builds a new 12-storey headquarters.
James Stuart Jr., who came to National Bank of Commerce from Citibank, became president in the 1980s and started an affiliate system. The parent company of First Commerce Bancshares bank was established in 1985.
During the 1990s, NBC/Computer Software Services had 284 banks as customers. First Commerce Mortgage Company had $ 10 million in new mortgages in 1993. Also, the CardCard Service division has 90,000 credit cards with $ 78 million in outstanding credit.
In early 2000, Firsts Bansshare's purchase of First Commerce by Wells Fargo was announced. To finalize the deal, First Commerce must sell City National to Heritage Bank of Aurora because Wells Fargo will have two thirds of the market in Hastings, more than allowed by federal law. National Bank of Commerce sells the Lincoln branch to Pinnacle Bancorp.
The deal gave Wells Fargo more than $ 4 billion in assets in Nebraska, more than double what previous banks had. Wells Fargo has 900 employees in the state.
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External links
Source of the article : Wikipedia
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