Omaha, Neb. – (March 9, 2010) Mutual of Omaha Bank has promoted Dwayne Sieck to executive vice president and director of real estate finance. Based out of the bank's loan production office in Des Moines, Iowa, Sieck will oversee Mutual of Omaha Bank's national real estate financing operation, including both residential and commercial lending.
Sieck joined Mutual of Omaha Bank in April 2008 as senior vice president of commercial real estate lending. Under his leadership, Mutual of Omaha Bank has grown its commercial real estate portfolio with a strategic focus on financing projects in the multifamily, student housing and senior housing sectors in major metropolitan markets nationwide. In 2009, Fannie Mae approved Mutual of Omaha Bank as a lead bank partner for its Acquisition, Development and Construction (AD&C) financing program.
"Dwayne Sieck is a highly knowledgeable and experienced leader in the real estate finance industry and has played an instrumental role in building a strong commercial real estate portfolio for our growing bank," Mutual of Omaha Bank Chairman and CEO Jeff Schmid said. "With his track record of sound, conservative and profitable lending experience, I'm confident in Dwayne's ability to direct our real estate financing efforts nationwide, helping Mutual of Omaha Bank continue to grow and become a national leader."
Prior to joining Mutual of Omaha Bank, Sieck served as investment director for Principal Life Insurance Company in Des Moines. Prior to that, he was a vice president with KeyBank Real Estate Capital in Kansas City.
Sieck earned his bachelor's degree in finance with an emphasis in real estate from the University of Northern Iowa. He was recently elected to a three-year term on the University of Northern Iowa's Real Estate Advisory Board. Sieck also serves on the planning board for the Commercial Real Estate Workshop (CREW) in Omaha and was a panel moderator for the 2009 workshop.
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.
