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First National Merges Units To Create New Asset Manager

Vanessa Doctor

7 May 2010

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.