First National of Nebraska, Inc. completed the acquisition of Northland Capital Holdings, Inc.
May 30, 2023
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First National of Nebraska, Inc. (OTCPK:FINN) entered into a definitive agreement to acquire Northland Capital Holdings, Inc. on January 5, 2023. The transaction, which is subject to regulatory approval and the completion of various closing conditions, is anticipated to close in the first quarter of 2023. Piper Sandler & Co. acted as financial advisor and Lisa Sarver, Mike Alvano, Caitlin Gustafson, Bryan Handlos, Jeff Makovicka, John Schembari, Patrick Stephenson, Brian Eades, Deb Froling, Victoria Buter and Steve Likes of Kutak Rock LLP acted as legal advisors to First National of Nebraska, Inc. Faegre Drinker Biddle & Reath LLP acted as legal advisor to Northland Capital Holdings, Inc.
First National of Nebraska, Inc. (OTCPK:FINN) completed the acquisition of Northland Capital Holdings, Inc. on May 1, 2023. The transaction also including Northland Capital's subsidiary Northland Securities, Inc.
First National of Nebraska, Inc. is a financial holding company. The Company, through its banking subsidiary, First National Bank of Omaha and subsidiaries (the Bank) and non-banking subsidiaries are engaged in various businesses, including technology hosting and related activities, among other things. The Bank supports its business customers with real estate, commercial and agriculture loans, as well as cash and wealth management solutions. The Company supports its individual customers with consumer lending alternatives, including mortgage loans, and cash and wealth management solutions, and it supports its strategic credit card partners by issuing credit cards and unsecured consumer loans to that partnerâs individual and business customers. The Company sells credit card loans to securitization trusts. The Company and its subsidiaries have approximately 103 full-service branches throughout seven states.