NU Online News Service
|The insurer that sponsored the Wild Kingdom television series isassembling its own menagerie of banks.
|Omaha Financial Holdings Inc., a unit of Mutual Omaha InsuranceCompany, Omaha, Neb., has agreed to acquire Security Federal Bank,Lincoln, Neb., a federally chartered savings bank that specializesin making real estate loans.
|The Mutual of Omaha banking operation says it hopes to get theapprovals it needs to complete the deal by the end of October.
|Mutual of Omaha and Security Federal are not announcing theprice of the deal.
|Omaha Financial also recently announced plans to acquire PeakNational Bank, Golden, Colo., a small bank in the Denver area, andit has been talking about plans to build a national community banknetwork.
|"The acquisition of Security Federal provides our bankingoperation with expertise in mortgage lending, which we can extendto our other locations," says Jeff Schmid, president of the Mutualof Omaha banking subsidiary.
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