M and A
First National Merges Units To Create New Asset Manager
First National of Nebraska has announced the merger of two of
its registered investment advisors to create a new entity called
Tributary Capital Management.
The new firm is formed by Tributary Capital Management in Fort
Worth and First National Bank of Omaha's First Investment Group.
It will be headquartered in Omaha, Nebraska, while the existing
Fort Worth team will continue to operate from their present
location.
The merged company will be led by
Stephen Frantz, who assumes the role of president and chief
investment officer. In a statement, the bank said this opens up
the opportunity to operate as an independent asset management
unit that is distinct from the bank environment.
