Knowledge (XXG)

First Commerce Bancshares

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One of the keys to Weil's success was Weil's ability to visit and advise small community banks around the state of Nebraska. In addition, about half of his deposits came from the very banks he visited. Weil also attracted many of the businesses operating in Lincoln.
110:, while many banks failed, Weil's skill kept The Bank of Commerce going. Weil eventually sought a national charter led to a series of agricultural crises. Yet under Weil's leadership, and the name of the bank changed to The National Bank of Commerce of Lincoln. 230:
During the 1990s, NBC/Computer Software services had 284 banks as customers. First Commerce Mortgage Company had $ 10 million in new mortgages in 1993. Also, the BankCard Services division had 90,000 credit cards with $ 78 million in outstanding credit.
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Glenn Max Yaussi, who started as a $ 55 a month employee in 1934, succeeded Dunn. Yaussi recognized the need for new procedures and hired consultants. He also arranged a merger with Lincoln's First Trust Company, one of the top
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In 1972, National Bank of Commerce took over Mutual Savings Company of Lincoln, which had nearly $ 1 million in assets but grew to $ 23 million five years later. The next year, the bank added Nebraska Savings Company of
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rounded up cattle, though in some cases other banks claimed the cattle did not belong to National Bank of Commerce. Still, Dunn had determination and the most cowboys, and his bank collected most of the cattle.
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departments in 1911, By 1924, the bank had grown so much that it needed a new headquarters, and a six-story building went up at 13th and O streets. National Bank of Commerce survived the
31:. At the time First Commerce had about 1,400 employees and $ 2.3 billion in assets. National Bank of Commerce had $ 1.5 billion in assets. Other units of First Commerce included a 289: 99:
to the United States in 1875 at age 17. After starting the Lincoln Paint and Color Company in 1892, he started the state-chartered The Bank of Commerce in 1902 with $ 50,000 in
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because Wells Fargo would have had two-thirds of the market in Hastings, more than allowed by federal law. National Bank of Commerce sold a Lincoln branch to Pinnacle Bancorp.
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In 1964, National Bank of Commerce significantly increased deposits by offering one of the highest savings interest rates in the country. That same year, the bank bought a
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Early in 2000, the purchase of First Commerce Bancshares by Wells Fargo was announced. To complete the deal, First Commerce had to sell City National to Heritage Bank of
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Under Dunn, National Bank of Commerce became "a full-service financial services facility". He added more advertising, improved the bank's appearance, added
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for its accounting and became one of the first banks in the region to computerize its operations, subsequently providing computer services to other banks.
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The deal gave Wells Fargo over $ 4 billion in assets in Nebraska, more than twice what the bank had before. Wells Fargo had 900 employees in the state.
877: 103:. Weil served as president until his death 43 years later, though he had started the bank for his son Carl who worked in another bank in town. 716: 337: 227:, became president in the 1980s and began an affiliate system. The bank holding company First Commerce Bancshares was incorporated in 1985. 766: 599: 726: 293: 857: 569: 128:
In 1945, Byron Dunn, a bank employee since he was 17 years old in 1905, replaced Weil after his death. In the 1920s, Dunn had visited
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through MidAmerica Bankcard Association. That same year, the bank began offering travel services.
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company whose main subsidiary, National Bank of Commerce (NBC), was the largest bank in
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company, an asset management company, and NBC/Computer Services Corporation.
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Company. National Bank of Commerce also built a new 12-story headquarters.
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loans, which National Bank of Commerce had arranged through a bank in
141: 133: 96: 160:. Dunn retired in 1961 with his bank over $ 80 million in deposits. 173: 319: 315: 191: 223:
James Stuart Jr., who came to National Bank of Commerce from
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Defunct financial services companies of the United States
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National Bank of Commerce added one of Nebraska's first
780: 684: 653: 487: 456: 396: 366: 290:"First Commerce Bancshares, Inc. - Company History" 140:. After that bank went under, Dunn and a group of 216:Robert E. Schweser Company, Inc. and started NBC 209:. Also during the 1970s, the bank took over the 186:In 1967, Paul Amen succeeded Yaussi, who became 331: 8: 338: 324: 316: 284: 282: 256: 254: 250: 292:. fundinguniverse.com. Archived from 53:First National Bank & Trust Co., 7: 863:Companies based in Lincoln, Nebraska 818: 767:Wells Fargo Tower (Colorado Springs) 727:Wells Fargo Center (Salt Lake City) 873:Defunct banks of the United States 570:First National Bank (Philadelphia) 44:National Bank of Commerce, Lincoln 14: 793:Wells Fargo cross-selling scandal 757:Wells Fargo Center (Philadelphia) 717:Wells Fargo Center (Portland, OR) 702:Wells Fargo Center (Jacksonville) 530:Bowles Hollowell Conner & Co. 168:companies in the state, adding a 125:, one of the few banks to do so. 829: 817: 806: 805: 712:Wells Fargo Center (Minneapolis) 707:Wells Fargo Center (Los Angeles) 387: 83:City National Bank & Trust, 77:Western Nebraska National Bank, 47:Western Nebraska National Bank, 878:1902 establishments in Nebraska 722:Wells Fargo Center (Sacramento) 762:Wells Fargo Tower (Birmingham) 477:Wells Fargo Insurance Services 17:First Commerce Bancshares Inc. 1: 500:ABD Insurance & Financial 266:Northwestern Financial Review 732:Wells Fargo Center (Seattle) 661:Allspring Global Investments 152:, and had checks printed in 59:The Overland National Bank, 752:Wells Fargo Plaza (Phoenix) 747:Wells Fargo Plaza (Houston) 742:Wells Fargo Plaza (El Paso) 697:Wells Fargo Center (Denver) 71:The First National Bank of 65:The First National Bank of 894: 676:Tillie the All-Time Teller 595:Garden State National Bank 858:Banks established in 1902 801: 560:First Commerce Bancshares 474:Wells Fargo Home Mortgage 385: 353: 268:. AllBusiness. 2000-07-08 610:Halsey, Stuart & Co. 565:First Interstate Bancorp 615:National Bank of Alaska 575:First Pennsylvania Bank 176:management department. 132:in order to collect on 95:Morris Weil moved from 788:History of Wells Fargo 692:One Wells Fargo Center 505:Atlantic National Bank 480:Wells Fargo Securities 625:Prudential Securities 605:Golden West Financial 600:Georgia Railroad Bank 590:Florida National Bank 550:Evergreen Investments 545:Crocker National Bank 525:Bank of North America 495:Abbot-Downing Company 488:Historical components 471:Wells Fargo Financial 540:CoreStates Financial 464:Wells Fargo Advisors 449:Suzanne M. Vautrinot 645:Wachovia Securities 772:Duke Energy Center 428:Theodore F. Craver 398:Board of directors 845: 844: 737:Wells Fargo Place 654:Former components 520:Bank of Baltimore 446:Ronald L. Sargent 172:department and a 25:Lincoln, Nebraska 885: 833: 821: 820: 809: 808: 468:Wells Fargo Bank 440:Richard B. Payne 425:Celeste A. Clark 391: 340: 333: 326: 317: 305: 304: 302: 301: 286: 277: 276: 274: 273: 258: 123:Great Depression 29:Wells Fargo Bank 893: 892: 888: 887: 886: 884: 883: 882: 848: 847: 846: 841: 797: 776: 680: 671:Pamlico Capital 649: 515:Bache & Co. 483: 452: 443:Juan A. Pujadas 437:Maria R. Morris 434:Donald M. James 431:Wayne M. Hewett 392: 383: 362: 349: 344: 314: 309: 308: 299: 297: 288: 287: 280: 271: 269: 260: 259: 252: 247: 150:charge accounts 93: 41: 12: 11: 5: 891: 889: 881: 880: 875: 870: 865: 860: 850: 849: 843: 842: 840: 839: 827: 815: 802: 799: 798: 796: 795: 790: 784: 782: 778: 777: 775: 774: 769: 764: 759: 754: 749: 744: 739: 734: 729: 724: 719: 714: 709: 704: 699: 694: 688: 686: 682: 681: 679: 678: 673: 668: 663: 657: 655: 651: 650: 648: 647: 642: 637: 632: 630:Southeast Bank 627: 622: 617: 612: 607: 602: 597: 592: 587: 582: 580:First Security 577: 572: 567: 562: 557: 555:Fidelity Trust 552: 547: 542: 537: 532: 527: 522: 517: 512: 507: 502: 497: 491: 489: 485: 484: 482: 481: 478: 475: 472: 469: 466: 460: 458: 454: 453: 451: 450: 447: 444: 441: 438: 435: 432: 429: 426: 423: 422:Mark A. Chancy 420: 415: 409: 406:Charles Scharf 402: 400: 394: 393: 386: 384: 382: 381: 376: 370: 368: 364: 363: 361: 360: 354: 351: 350: 345: 343: 342: 335: 328: 320: 313: 312:External links 310: 307: 306: 278: 249: 248: 246: 243: 92: 89: 88: 87: 81: 75: 69: 63: 57: 51: 45: 40: 37: 13: 10: 9: 6: 4: 3: 2: 890: 879: 876: 874: 871: 869: 866: 864: 861: 859: 856: 855: 853: 838: 837: 832: 828: 826: 825: 816: 814: 813: 804: 803: 800: 794: 791: 789: 786: 785: 783: 779: 773: 770: 768: 765: 763: 760: 758: 755: 753: 750: 748: 745: 743: 740: 738: 735: 733: 730: 728: 725: 723: 720: 718: 715: 713: 710: 708: 705: 703: 700: 698: 695: 693: 690: 689: 687: 683: 677: 674: 672: 669: 667: 664: 662: 659: 658: 656: 652: 646: 643: 641: 638: 636: 633: 631: 628: 626: 623: 621: 618: 616: 613: 611: 608: 606: 603: 601: 598: 596: 593: 591: 588: 586: 583: 581: 578: 576: 573: 571: 568: 566: 563: 561: 558: 556: 553: 551: 548: 546: 543: 541: 538: 536: 533: 531: 528: 526: 523: 521: 518: 516: 513: 511: 510:A. G. 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Retrieved 265: 240: 233: 229: 222: 203: 185: 178: 162: 147: 127: 116: 112: 105: 94: 61:Grand Island 49:North Platte 16: 15: 836:Wikiversity 585:First Union 374:Henry Wells 347:Wells Fargo 214:underwriter 207:Scottsbluff 199:credit card 106:During the 852:Categories 635:SouthTrust 414:(chairman) 300:2010-10-19 272:2010-10-19 245:References 158:South Bend 73:West Point 685:Buildings 666:H.D. Vest 457:Divisions 79:Valentine 812:Category 640:Wachovia 367:Founders 225:Citibank 188:chairman 181:computer 170:mortgage 130:Colorado 85:Hastings 33:mortgage 824:Commons 781:History 620:Norwest 358:History 218:Leasing 154:Braille 142:cowboys 119:savings 101:capital 91:History 55:Kearney 21:banking 236:Aurora 138:Denver 134:cattle 97:France 67:McCook 19:was a 408:(CEO) 166:trust 39:Banks 211:bond 190:and 174:farm 192:CEO 854:: 281:^ 264:. 253:^ 339:e 332:t 325:v 303:. 275:.

Index

banking
Lincoln, Nebraska
Wells Fargo Bank
mortgage
North Platte
Kearney
Grand Island
McCook
West Point
Valentine
Hastings
France
capital
Panic of 1907
savings
Great Depression
Colorado
cattle
Denver
cowboys
charge accounts
Braille
South Bend
trust
mortgage
farm
computer
chairman
CEO
Master Charge

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