We want to help you understand what the acquisition of First National Bank of Arizona by Mutual of Omaha Bank means to you.
Here are answers to some of the questions you may have:
What happened to First National Bank of Arizona?
The Office of the Currency Commissioner closed the bank on Friday, July 25, and the FDIC took over. The FDIC sold all deposits of the bank to Mutual of Omaha Bank. That's why the bank is now a Mutual of Omaha Bank. The FDIC retained the loans of First National Bank.
What will happen to my account?
Nothing. Every dollar you have on deposit at this bank is still here, still available to you at any time.
Can I still bank online?
Of course. Your online banking experience is exactly the same. In fact, for a while you will still see the First National Bank of Arizona name, but that will change.
Can I use my ATM card?
Anywhere, anytime.
Will my account numbers change?
No.
Can I use my checks with First National Bank of Arizona on them?
Yes. We will provide you new checks in the near future, but for the time being, use what you have. The routing number along the bottom of the check is really all that matters and those numbers haven't changed.
Can I withdraw my CD?
You can, but we will continue to offer the same, highly competitive rates. Your money is still growing and we hope you stay with us.
Who is Mutual of Omaha Bank?
Mutual of Omaha Bank just began operation last year. But we're affiliated with a company that's been around for nearly 100 years. Mutual of Omaha is a solid, highly respected company with high financial strength ratings. We opened our first banks last fall in Nebraska and Colorado, and then established a location in Texas this year. This acquisition increases our locations by 28 branches in three states.
Will you close branches?
We haven't made any decisions like that and won't right away. For now, all the branches continue to be open for business beginning Monday.
How do I know this bank will stay around?
Mutual of Omaha Bank pursued this acquisition because we want to have community banks in Arizona, Nevada and southern California. We intend to remain here and grow the business. You can count on Mutual of Omaha Bank to be here for
years to come.
