First Nationwide Financial institution of Omaha introduced Friday that it has acquired SAF Holdings and SAF’s Omaha subsidiary AmeriFirst Residence Enchancment Finance.
AmeriFirst will preserve its title and function as a division of FNBO, in line with a press launch. Current AmeriFirst workers will grow to be FNBO workers. A spokesman for FNBO declined to reveal the worth of the acquisition.
A press launch from FNBO stated AmeriFirst is a number one originator and servicer of shopper house enchancment loans in an almost $150 billion market. FNBO’s acquisition will permit the banking entity to increase its present point-of-sale lending capabilities and thus add to its bank card and purchase now, pay later packages.
“AmeriFirst may be very excited to affix the culturally like-minded FNBO group,” stated Eric Gangloff, CEO and chairman of SAF Holdings and AmeriFirst CEO.
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First Nationwide Financial institution of Omaha is the first banking subsidiary of First Nationwide of Nebraska, which has practically $30 billion in belongings and 5,000 workers at greater than 100 areas, together with associates, in eight states.
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