First National Bank of Omaha Acquires SAF Holdings and AmeriFirst | Local business news
First National Bank of Omaha announced on Friday that it has acquired SAF Holdings and SAF’s Omaha subsidiary, AmeriFirst Home Improvement Finance.
AmeriFirst will retain its name and operate as a division of FNBO, according to a press release. Current AmeriFirst employees will become FNBO employees. A spokesperson for the FNBO declined to disclose the price of the acquisition.
A press release from the FNBO said AmeriFirst is a leading originator and servicer of consumer home improvement loans in a nearly $150 billion market. The acquisition of FNBO will allow the banking entity to expand its existing point-of-sale lending capabilities to add to its buy now, pay later credit card programs.
“AmeriFirst is very excited to join the culturally like-minded FNBO team,” said Eric Gangloff, CEO and Chairman of SAF Holdings and CEO of AmeriFirst.
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First National Bank of Omaha is the principal banking subsidiary of First National of Nebraska, which has nearly $30 billion in assets and 5,000 employees at more than 100 locations, including subsidiaries, in eight states.
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