Mutual of Omaha Bank to Open Sarpy County Location

Omaha, Neb. – (November 11, 2008) Mutual of Omaha Bank will open a new location in Sarpy County, occupying the entire first floor of a new three-story office building planned for Southport West development at the Interstate 80 Harrison Street interchange, Mutual of Omaha Bank President and COO Mike Homa announced.

“Sarpy County and southwest Omaha are poised to experience continuing growth, and I think Mutual of Omaha Bank has a great opportunity to play a part in that growth,” said Homa, who also serves as President of the bank’s Central Region. “This is a high-profile, high-traffic site that perfectly compliments our other Omaha banks.”

Plans call for construction on the new building to begin in December with completion set for September 1, 2009. Mutual of Omaha Bank joins Cabela’s, Embassy Suites, Marriott Courtyard, the LaVista Conference Center and the planned Marcus Theatres complex in the Southport West development.

Mutual Southport LLC is developing the Class “A” office building. Mutual of Omaha Bank has signed a long-term lease for the entire first floor of the three-story building. Purdy and Slack Architects is the project’s architect and G&S, Inc., is the general contractor. Mutual Southport LLC is a joint venture between Southport West Partners, LLC and G&S, Inc.

Mutual of Omaha Bank operates 44 locations in Nebraska, Colorado, Arizona, Nevada, California, Texas and Iowa with assets totaling approximately $4 billion. It is a subsidiary of Mutual of Omaha, a 99-year-old insurance and financial services company with more than $22 billion in total assets and very high ratings from major ratings agencies. For more information about Mutual of Omaha Bank, visit www.mutualofomahabank.com.

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