Free Republic

Mutual of Omaha, know by the business world for its MedSup, life insurance, disability coverage, banking and "Mutual of Omaha's Wild Kingdom" series took a major hit last Monday when it's Blair, NE facility downsized. Estimates from employees indicate a 25%-30% downsize. The effects were noticeable the following day by the empty parking stalls. Mutual's Blair facility handles the company's incoming mail, medical claim forms, archival storage and backup bank processing. Obamacare appears to be the main culprit as the health care law is effecting Mutual's business operations and customer base. Work flow had noticeably decreased since the start of...

<p>OMAHA, Neb., Jul 25, 2008 (BUSINESS WIRE) ----Mutual of Omaha Bank has agreed to acquire from the FDIC the deposits of the failed Reno, Nev.,-based First National Bank of Nevada and its affiliate, First Heritage Bank of Newport Beach, Calif., the company announced.</p>

By John Poirier WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch. ADVERTISEMENT Two weeks after the Federal Deposit Insurance Corp seized IndyMac Bancorp Inc (Other OTC:IDMC.PK - News), the Office of the Comptroller of the Currency said it closed First National Bank of Nevada and First Heritage Bank NA of California. First National had total assets of $3.4 billion and $3 billion in deposits while First Heritage had assets of...