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Nebraska bank is first failure of 2020

American Banker

Ericson State Bank, which had been in regulators’ sights for a decade, was closed by state and federal authorities Friday. Another bank acquired all of its deposits and a fraction of its assets.

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Jail Time for Former CEO of Failed Nebraska Bank

American Banker

was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators. The former chief executive of a failed bank in Lincoln, Neb.,

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Former NCUA Chairman Matz Joins Bank Board

American Banker

Debbie Matz, a former chairman of the National Credit Union Administration, has joined the board of Mutual of Omaha Bank in Nebraska.

Omaha 28
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Inaugural Flyover Fintech Conference Summary

Social Assurance

Nebraska Innovation Campus. This week, the inaugural Flyover Fintech conference was held at the University of Nebraska–Lincoln’s Nebraska Innovation Campus. Due to the regulation in the financial industry, startups need to take the time to ensure that they’re compliant in their business activities.

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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A pretty clear-cut sizzle. Costco Card.

Lending 101