Marco Island, FL – (February 22, 2010) Mutual of Omaha Bank successfully opened its new location in Marco Island, Fla., Monday morning after taking over the deposits of the failed Marco Community Bank.
Mutual of Omaha Bank assumed substantially all the deposits and loans of the failed bank, including those that exceeded the FDIC insurance limit, after federal regulators closed the bank on Friday. Depositors of the failed bank automatically became depositors of Mutual of Omaha Bank and no depositor lost money as a result of the failure.
"It's great to meet our new customers and introduce them to Mutual of Omaha Bank," said John Clark, Naples Market President for Mutual of Omaha Bank. "We look forward to earning their trust and being their bank for many years to come."
At midday, the opening was going smoothly. Customers saw familiar faces behind the desks and teller windows as Marco Community Bank employees transitioned to Mutual of Omaha Bank. "We're happy to welcome these new employees to Mutual of Omaha Bank," Clark said. "Community banking is based on relationships, and these bankers already have the relationships that will help us serve the Marco Island community."
Mutual of Omaha Bank is a full-service bank providing financial solutions to individuals and businesses in communities across the United States. With more than $4 billion in assets, Mutual of Omaha Bank operates a network of full-service community banks in Arizona, California, Colorado, Florida, Nebraska, Nevada and Texas, and has loan production offices in Iowa and Kansas. It is a subsidiary of Mutual of Omaha, a 100-year-old insurance and financial services company ranked among the Fortune 500 with more than $22 billion in total assets and high ratings from leading ratings agencies. For more information about Mutual of Omaha Bank, visit www.mutualofomahabank.com.
