Schmid Named President, CEO of New Mutual of Omaha Subsidiary

Jeffrey R. Schmid, who served 13 years as president of American National Bank in Omaha, has been named president and chief executive officer of Omaha Financial Holdings, Inc., a wholly owned subsidiary of Mutual of Omaha established to explore banking initiatives.

Schmid joined Omaha Financial Holdings after an 18-year career with American National Bank, where he was president and director. American National Bank is a $1.5 billion commercial bank with 30 offices in eastern Nebraska and western Iowa.

“Jeff Schmid has the experience, expertise and vision to lead Mutual of Omaha’s exploration of banking opportunities, and I am looking forward to working closely with him as we open this new chapter of our business,” said Mutual of Omaha Chairman and CEO Dan Neary.

“Mutual of Omaha has a solid financial base, visionary leadership and one of the strongest brands in the country,” Schmid said. “We want to leverage those strengths to create a dynamic banking operation that compliments the company’s insurance portfolio and brings real value to Mutual of Omaha’s customers.”

Schmid joined American National Bank in 1989, chartering a new bank in the Omaha suburb of Papillion. Previously, Schmid served as a regional bank examiner for eight years with the Federal Deposit Insurance Corp. in Kansas City.

Schmid earned a bachelor’s degree in business administration from the University of Nebraska-Lincoln and is a graduate of the Southwestern Graduate School of Banking at Southern Methodist University, where he serves on the faculty in Dallas and around the U.S.

He is chairman of the Children’s Scholarship Fund of Omaha, vice chairman of the Creighton University Medical Center and immediate past chairman of the Southwestern Graduate School of Banking Foundation and the YMCA of the Midlands. He is also a director of Community Bank Corporation in Santa Fe, New Mexico.

Mutual of Omaha is a full-service, multi-line organization providing insurance and financial products for individuals, businesses and groups throughout the United States.