![]() | |
Industry | Finance |
---|---|
Founded | Omaha, Nebraska 1967 |
Headquarters | Omaha, Nebraska, United States |
Key people | Chris J. Murphy, Chairman Mark Ellerbeck, President & CEO |
Products | Financial services |
Parent | Ameriwest |
Website | www.firstwestroads.bank |
First Westroads Bank is a locally owned community bank in Omaha, Nebraska, United States, with two branches. First Westroads Bank provides personal and business banking services, as well as investment services through First Westroads Investment Centre, a division of the bank. [1] The bank has received a 5-star rating from Bauer Financial for the past 87 consecutive quarters. [2]
First Westroads Bank was chartered in 1967 [3] as an independent, suburban, commercial bank with a state license. The new bank occupied space in the developing Westroads Shopping Center.
The original location was in a trailer located in the south mall parking lot, but was moved indoors to the home office of "270 Italia Mall" in the spring of 1968. In addition to the indoor location, there was also a drive-thru, television-controlled facility located in the south parking lot which was connected by a tunnel and tube carrier system, later converted to a manual drive-in, walk-in facility in 1973. [4]
A second three-lane, drive-up location was opened in the NBC Center area at 10855 West Dodge in January 1977, which has since been known as the "Old Mill" headquarters location.
In 1979 the bank was sold to United Bancshares of Nebraska, Inc., a one bank holding company, where it would remain until 1990 when it was purchased by Ameriwest, a holding company owned by current bank owners, Chris and Betsy Murphy. [5]
After a short period of temporary building, parking lot and trailer locations, the Westroads Mall Branch made its permanent home in the new building at 612 N. 98th Street in 2002. The corporate headquarters location remained in the Old Mill area until March 2005 when it re-located to its current home, 15750 West Dodge Road. [6]
First Westroads Bank is active in the Omaha community and is a Project PAYBAC partner for Aldrich Elementary School [7] and Kiewit Middle School [8] in Millard Public Schools.
First Westroads Bank has been named a Top Performing Community Bank by the American Bankers Association Banking Journal, based on its earnings, asset quality, and capital. [9] The bank has also received a 5-star financial strength rating by independent bank rating institution Bauer Financial for the past 87 consecutive quarters, as of March 2016. [2]
As of 2023, the executive board includes: [5]
As of 2023, the bank officers are the following: [4]
Name | Position |
---|---|
Chris J. Murphy | Chairman |
Mark Ellerbeck | President and CEO |
Margie Heller | Chief Financial Officer |
Carl E. Bartholomew | Senior Vice President |
Timothy J. Riha | Senior Vice President |
Daniel J. Murphy | Vice President Business Development |
Cheri K. Novak | Vice President Loan Operations |
Ken Wray | Vice President |
Denise Bond | BSA Officer / Operations Manager |
Kelley Baldwin | Human Resources Officer |
The Industrial and Commercial Bank of China is a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As of end-2021, ICBC shareholders included Central Huijin Investment, the Chinese Ministry of Finance, the National Council for Social Security Fund, adding up to 69.3 percent under the ultimate control of the Ministry of Finance.
Mutual of Omaha Insurance Company is an American Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a financial organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States.
The American Bankers Association (ABA) is an American trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and bank charters, including community banks, regional and money center banks, Federal savings associations, mutual savings banks, and trust companies. The average member bank has approximately $250 million in assets. ABA is the largest financial trade group in the United States.
First National Bank Omaha d/b/a FNBO is a bank headquartered in Omaha, Nebraska. It is a subsidiary of First National of Nebraska, Inc., a bank holding company primarily owned by the Lauritzen family. It is on the list of largest banks in the United States and is the oldest national bank headquartered west of the Missouri River.
Lauritzen Corporation is a financial and interstate bank holding company headquartered in Omaha, Nebraska, US. Lauritzen Corporation currently has bank branches in Nebraska and Iowa, and has total assets of approximately $1.36 billion. In addition to banks, Lauritzen Corporation has five holding companies and 15 insurance or financial companies. Lauritzen Corporation has an approximately 28% voting share in First National of Nebraska, Inc. It is one of the 50 largest banks in the United States ranked by total deposits, and is ranked among the top 200 United States banks by The Banker financial journal.
The economy of Omaha, Nebraska is linked to the city's status as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the "Motor Mouth City" by The New York Times, Omaha is widely regarded as the telecommunications capital of the United States. The city's economy includes agriculture, food processing, insurance, transportation, healthcare and education. Warren Buffett of Berkshire Hathaway has lived in Omaha all of his life, as have the ConAgra Foods, Union Pacific Railroad and Mutual of Omaha Companies, and Kiewit Corporation, all Fortune 500 corporations.
Downtown Omaha is the central business, government and social core of the Omaha–Council Bluffs metropolitan area, U.S. state of Nebraska. The boundaries are Omaha's 20th Street on the west to the Missouri River on the east and the centerline of Leavenworth Street on the south to the centerline of Chicago Street on the north, also including the CHI Health Center Omaha. Downtown sits on the Missouri River, with commanding views from the tallest skyscrapers.
Crossroads Mall was an enclosed shopping mall located in Omaha, Nebraska, United States, at the intersection of 72nd and Dodge Streets. Originally opened in 1960 by Omaha's Brandeis department store, the mall has been home to several major chains, including Sears, Target and Dillard's before the store closed in 2008. The mall is now demolished, and is expected to be redeveloped as a mixed-use center, called The Crossroads, in 2025.
Westroads Mall is an enclosed shopping mall in Omaha, Nebraska at the intersection of 100th and Dodge Streets. It is the largest mall in Nebraska. The mall's anchor stores are The Container Store, Von Maur, JCPenney, Dick's Sporting Goods, Dillard's, and AMC Theatres.
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
Oak View Mall is an enclosed shopping mall located at 3002 South 145th Street in West Omaha, Nebraska. There are 104 tenant spots on two floors of this regional mall, which was built in 1991. The mall receives more than 12,000,000 visitors annually, and features a "Kids Coliseum" play area. Oak View is attributed with sparking a development "boom" in its approximate neighborhood, which now includes several major retailers, restaurants, and three national hotel chains. The mall's anchor stores are Dillard's, JCPenney and The Rush Market. There is one vacant anchor that formerly housed a Sears.
East West Bancorp is the parent company of East West Bank. It is a publicly owned company with nearly $70 billion in assets as of December 31st 2023. The company's wholly owned subsidiary, East West Bank, is the largest state-chartered bank in California as of 2023. East West earned the top spot in S&P Global Market Intelligence's 2022 Ranking of U.S. Public Banks by Financial Performance.
Pathward Financial, Inc. is a U.S.-based banking and financial services company. It adopted its current name in 2022 after its parent, Meta Financial Group, sold the "Meta" trademark to Meta Platforms.
Promontory Financial Group, a wholly owned subsidiary of IBM, is a global consulting firm that advises clients on a variety of financial services matters, including regulatory issues, compliance, risk management, liquidity, restructuring, acquisitions, due diligence, internal investigations and cyber security.
Moody's, previously known as Moody's Analytics, is a subsidiary of Moody's Corporation established in 2007 to focus on non-rating activities, separate from Moody's Investors Service. It provides economic research regarding risk, performance and financial modeling, as well as consulting, training and software services. Moody's is composed of divisions such as Moody's KMV, Moody's Economy.com, Moody's Wall Street Analytics, the Institute of Risk Standards and Qualifications, and Canadian Securities Institute Global Education Inc.
Somerset Trust Holding Company, doing business as Somerset Trust Company, is an American bank and financial services company headquartered in Somerset, Pennsylvania. As of December 31, 2016, the bank's assets are totaled at $1.1 billion. Somerset Trust Company's branch network serves the Pennsylvania counties of Somerset, Westmoreland, Cambria, Bedford, and Fayette County, with a branch in Garrett County, Maryland. Somerset Trust Company elected to deny the government TARP money in 2008.
Cross River is an American financial services organization that provides technology infrastructure to fintech and technology companies. Based in Fort Lee, New Jersey, Cross River services its clients with embedded payments, cards, lending, and cryptocurrency, and is an FDIC member. Cross River is noted for its embrace of the trend in the financial services sector towards API-based payment platform services.
Jane Fraser is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004. In 2019, she was named president of Citigroup and CEO of its consumer banking division.
Paul B Murphy Jr. is an American retired banker who served as the chief executive officer (CEO) and chairman of Cadence Bank from 2011 to 2021.
Seabury Capital (Seabury) is an American boutique investment and merchant bank that has a focus on the aviation industry. Outside the U.S., the firm has offices in Europe and Asia.