Union Bank & Trust Company · Lincoln, NE United States
Company Description
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This link will open in a new window Union Bank & Trust, part of financial services holding company Farmers & Merchants Investment , operates some 40 branch locations and loan offices throughout Nebraska and in Kansas. The bank offers traditional deposit products and real estate, business, agricultural, and consumer loans in addition to insurance, equipment finance, investment advice, and the Stratus mutual funds. Through another Farmers & Merchants affiliate, Nelnet Capital, the bank offers brokerage services. Originally founded in 1917 as Farmer's State Bank, it took on the Union Bank name in 1935 and became Union Bank & Trust in 1959. The company has been controlled by the Dunlap family since 1965. To read the full description, subscribe now.
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Key Union Bank & Trust Company Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 651 |
Union Bank & Trust Company Executives
34 executives listed for Union Bank & Trust Company's Lincoln, NE location.
| Title | Name & Bio | Contact |
| Chairman Emeritus | Jay Dunlap | Network |
| Vice Chairman | Ross Wilcox | Network |
| President and CEO | Angie Muhleisen | Network |
Competition
Competitive Landscape for Union Bank & Trust Company
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Union Bank & Trust Company Competitors
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