Sun, Nov 23, 2008
A Mutual of Omaha Bank sign sits in the entrance way of the former 1st National Bank of Arizona as customers conduct business as usual. Mutual of Omaha took over the failing bank after it was shut down last week.
Ralph Freso / East Valley Tribune

Business

First National Bank starts anew

Arizona Daily Star
Tucson, Arizona | Published: 07.29.2008
Things went smoothly in the first day of First National Bank of Arizona's new life as Mutual of Omaha Bank.
There were no lines trailing out the doors and traffic was not very heavy, except for a short period after the branches opened Monday, said David Barr, a spokesman for the Federal Deposit Insurance Corp.
Some customers simply came in to ensure that their accounts were safe after the FDIC intervened to close First National Bank of Arizona Friday, said Mutual of Omaha Bank spokeswoman Kathy Olson.
First National Bank of Arizona, which had two branches in Tucson, was acquired by Mutual of Omaha Bank from the FDIC after the agency placed First National in receivership.
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