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Lauritzen had been appointed to the board of directors in 1953 and promoted to senior vice president three years after that. Members of First
National's management team refused to accept his resignation. Both sides agreed that Lauritzen would work for First National half time, at half pay, and half
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After the death of T.L. Davis' in 1955, Lauritzen acquired control of the
Washington County Bank, in 1956, the Farmers and Merchants Bank in Bloomfield (1958) and the Burt County State Bank in Tekamah (1961). In 1958, he formed what could be called the forerunner of today's Lauritzen Corporation to
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By the time H. Rand
Petersen became SCSB President in 1957, SCSB had $ 5 million in assets. In 1972, Rand helped SCSB construct the first drive-in bank in Harlan located on the corner of 5th and Court St. In 1975, the SCSB main office changed locations from 1012 6th St. and built a new bank which
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First State Bank opened for business in 1886. Its first office was located in a hardware store office. In 1938, First State Bank's assets were the largest of any town in
Nebraska with a population of 1,000 or less. The Lauritzen family purchased First State Bank in 1952. First State Bank added a
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John
Lauritzen decided to go into business for himself, and in 1947 while he was assistant cashier and months before he became an assistant vice president, he sold his house for $ 14,000, and the site of his future home for $ 3,000. He used this $ 17,000 and another $ 17,000 in borrowed money to
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Dean Sack obtained a charter for a new bank in 1943, and opened on July 13. Just after the opening of York State Bank, Sack charted the
Henderson State Bank in October 1944, and another bank in Benedict, Nebraska, the same year. York State Bank was sold to the Lauritzen Corporation in 1995, and
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Washington County Bank first opened for business on April 5, 1904, in the town of
Washington, Nebraska, as Washington State Bank. The bank merged with the Kennard State Bank of Kennard in May 1930. On July 1, 1933, Kennard State Bank moved to Blair and opened as Washington County Bank. John R.
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Lauritzen
Corporation is privately held primarily by the Lauritzen family, with Bruce R. Lauritzen exercising sole investment and voting power which he shares with his mother, Elizabeth D. Lauritzen. Many members of the Lauritzen family are associated with the individual companies within the
206:
until his death in
February 2024. His combined organizations held more than $ 20 billion in assets and 7,500 employees in 31 states. His son Clark Lauritzen took over as Chairman and President of Lauritzen Corporation, First National of Nebraska, Inc., and First National Bank of Omaha.
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Lauritzen acquired control of
Washington County Bank in 1955, three years before forming the Lauritzen Corporation. In 2004, the bank completed a merger with its sister bank, Burt County State Bank, in Tekamah. In 2007, Washington County Bank opened their third branch in Omaha.
441:
Shelby County State Bank was first organized as a state bank in 1880 under the name of the Shelby County Bank. BL Harding was the first bank President and the bank began with $ 50,000 in assets. The Shelby County Bank was officially incorporated in 1894.
154:. At the time, he could only afford to purchase 51 percent of the shares. The current owners of the bank told Lauritzen that he would need to buy 100 percent or nothing at all. He then purchased the bank and then quickly re-sold the remaining 49 percent.
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In 1906, the Shelby County Bank and First National Bank were consolidated under the name of the Shelby County State Bank. In May 1911, H.P. Dowling presided as bank President and by 1913 the deposits of the bank had reached a total of $ 780,000.
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Within nine years SCSB merged with four other banks including Panama and Portsmouth in 1986, Irwin in 1992 and Shelby in 1995. In 1993 the bank converted the former ‘Lil Duffer restaurant into what's now the Harlan West Branch on Highway 59.
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Soon after the bank's merger with the State Bank of Portsmouth, Jerry Lapke became President of SCSB. Current SCSB President Roger Claypool has assumed those same duties since 1996. Today, SCSB has total assets of over $ 210 million.
124:, and has total assets of approximately $ 1.36 billion. In addition to banks, Lauritzen Corporation has five holding companies and 15 insurance or financial companies. Lauritzen Corporation has an approximately 28% voting share in
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In 1933, The Farmers and Merchants Savings Bank of Harlan merged with The Shelby County State Bank. For the convenience of its customers, a branch bank was established in Elk Horn, Iowa that same year.
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Landmands Bank has a mission "to be the premier financial institution in its trade area, committed to long-term growth and profitability, while taking the lead in the area's economic vitality."
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oversee his rapidly expanding holdings. Lauritzen then abruptly resigned from the First National to devote all of his energies to his growing chain of small banks.
677:"FIRST NATIONAL OF NEBRASKA INC, Form DEF 14A, Security Ownership of Certain Beneficial Owners and Management, - see also footnote 1, Filing Date Apr 30, 2002"
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Farmers and Merchants State Bank was chartered in 1890. As it has grown over the years, it has taken pride in being a family owned and orientated bank.
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It is one of the 50 largest banks in the United States ranked by total deposits, and is ranked among the top 200 United States banks by
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Bruce R. Lauritzen was the chief executive officer of Lauritzen Corporation, as well as Chairman of
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continues to support the education, industrial and agricultural aspects of York County today.
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Crawford County Bank started operations in 1927, and has maintained the same name since.
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FDIC Statistics on Depository Institutions, as of December 2018
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branch in Alma by purchasing the Harlan County Bank in 2006.
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Five years later, he purchased the First State Bank of
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Washington County Bank History, Washington County Bank
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joined the established Drive-in Bank at 508 Court St.
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823:"Shelby County State Bank - Banking for your Life"
565:, Inc. -- Bruce Lauritzen's secondary ownership
666:, page 52. First National Bank of Omaha, 1996
653:, page 52. First National Bank of Omaha, 1996
640:, page 49. First National Bank of Omaha, 1996
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926:Privately held companies based in Nebraska
779:About Us, Farmers and Merchants State Bank
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612:(as published in The New York Job Source)
401:Learn how and when to remove this message
281:A subsidiary of the Loomis Company, Inc.
581:
598:Federal Register Online via GPO Access
222:A subsidiary of The Viking Corporation
472:A subsidiary of KBJ Enterprises, Inc.
7:
383:adding citations to reliable sources
723:About Us, First National Bank Omaha
549:Diversified Financial Services, LLC
332:A subsidiary of Viking Corporation
237:Farmers & Merchants State Bank
162:time for his own string of banks.
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176:First National of Nebraska, Inc.
126:First National of Nebraska, Inc.
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936:1947 establishments in Nebraska
370:needs additional citations for
921:Banks based in Omaha, Nebraska
767:About Us, Crawford County Bank
108:is a financial and interstate
1:
845:. Retrieved February 9, 2008.
793:. Retrieved February 9, 2008.
781:. Retrieved February 9, 2008.
769:. Retrieved February 9, 2008.
703:Heafey Hoffmann Dworak Cutler
664:The First National Bank Story
651:The First National Bank Story
638:The First National Bank Story
99:Lauritzen Family (Majority)
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860:First National of Nebraska
791:About Us, First State Bank
725:. Retrieved June 7, 2008.
649:Szmrecsanyi, Dr. Stephen:
636:Szmrecsanyi, Dr. Stephen:
563:First National of Nebraska
931:Banks established in 1947
662:Szmrecsany, Dr. Stephen:
536:The Harry A. Koch Company
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890:Shelby County State Bank
803:About Us, Landmands Bank
530:Non-banking subsidiaries
351:Shelby County State Bank
264:Branch in South Dakota:
171:Lauritzen Corporation.
900:Washington County Bank
510:Branches in Nebraska:
489:Branches in Nebraska:
484:Washington County Bank
285:Branches in Nebraska:
242:Branches in Nebraska:
747:www.kansascityfed.org
541:NAEDA Financial, LTD.
106:Lauritzen Corporation
45:Finance and Insurance
17:Lauritzen Corporation
865:Crawford County Bank
805:. February 9, 2008.
699:"Bruce R. Lauritzen"
379:improve this article
216:Crawford County Bank
211:Banking subsidiaries
110:bank holding company
77:Bruce R. Lauritzen (
880:Houghton State Bank
301:Houghton State Bank
143:purchase a bank in
134:financial journal.
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809:2008-11-20 at the
729:2008-02-19 at the
414:Branches in Iowa:
336:Branches in Iowa:
306:Branches in Iowa:
90:Financial services
895:Sibley State Bank
743:"Clark Lauritzen"
679:. secdatabase.com
569:Lauritzen Gardens
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466:Sibley State Bank
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377:Please help
372:verification
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192:South Dakota
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61:Headquarters
31:Company type
915:Categories
753:2024-05-08
709:2024-05-08
626:The Banker
576:References
428:Portsmouth
342:Kimballton
312:Cumberland
256:Hartington
244:Bloomfield
131:The Banker
73:Key people
166:Ownership
807:Archived
727:Archived
557:See also
420:Elk Horn
260:Niobrara
200:Colorado
188:Illinois
180:Nebraska
118:Nebraska
86:Products
41:Industry
870:Website
683:May 14,
520:Gresham
495:Tekamah
338:Audubon
320:Emerson
316:Elliott
308:Red Oak
266:Yankton
248:Crofton
228:Denison
138:History
51:Founded
35:Private
518:, and
516:Geneva
478:Sibley
436:Shelby
424:Panama
416:Harlan
287:Loomis
258:, and
252:Center
196:Kansas
491:Blair
432:Irwin
204:Texas
96:Owner
830:2008
685:2018
610:FDIC
512:York
493:and
434:and
340:and
318:and
291:Alma
289:and
202:and
184:Iowa
122:Iowa
120:and
381:by
79:CEO
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