Mutual Of Omaha To Start Community Bank Network 

Omaha Financial Holdings Inc. has agreed to acquire Peak National Bank.

Omaha Financial, a unit of Mutual of Omaha Insurance Company, Omaha, Neb., wants to open an Omaha-based bank, launch a full-service Internet bank, and make Peak National part of a network of Omaha Financial-owned community banks, according to Mutual of Omaha.

Peak National, Golden, Colo., was established in 1986 and now has 7 branches in suburban Denver and the Front Range foothills, according to Mutual of Omaha.

Mutual of Omaha is not disclosing the price of the deal, but it says it has no plans to make significant changes to Peak National’s staff.

Mutual of Omaha hopes to close on the deal by the end of the year.

Archived Issues

• Obama: The Time For Action On Health Bill Is Now
• Insurer, SEC Reach Settlement Over Proxy Disclosure
• AIG To Sell ALICO To MetLife
• Obama Sees House Health Reform Vote Soon
• Analyst See AIG Sale as Gain for MetLife
• Senate Restores COBRA Provision
• Revised Proposal Mandates Level Fee