August 15, 2022

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First Nationwide Financial institution of Omaha acquires SAF Holdings and AmeriFirst | Native Enterprise Information

First Nationwide Financial institution of Omaha acquires SAF Holdings and AmeriFirst | Native Enterprise Information

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.