First Westroads Bank

First Westroads Bank is a locally owned community bank in Omaha, Nebraska, United States, with two branches. First Westroads Bank provides personal and business banking services, as well as investment services through First Westroads Investment Centre, a division of the bank.[1] The bank has received a 5-star rating from Bauer Financial for the past 87 consecutive quarters.[2]

First Westroads Bank
IndustryFinance
FoundedOmaha, Nebraska 1967
HeadquartersOmaha, Nebraska, United States
Key people
Chris J. Murphy, Chairman & Chief Executive Officer
Marc T. Wisdom, President
ProductsFinancial Services
ParentAmeriwest
Websitewww.firstwestroads.bank

History

First Westroads Bank was chartered in 1967[3] as an independent, suburban, commercial bank with a state license. The new bank occupied space in the developing Westroads Shopping Center.

The original location was in a trailer located in the south mall parking lot, but was moved indoors to the home office of "270 Italia Mall" in the spring of 1968. In addition to the indoor location, there was also a drive-thru, television-controlled facility located in the south parking lot which was connected by a tunnel and tube carrier system, later converted to a manual drive-in, walk-in facility in 1973.[4]

A second three-lane, drive-up location was opened in the NBC Center area at 10855 West Dodge in January 1977, which has since been known as the "Old Mill" headquarters location.

In 1979 the bank was sold to United Bancshares of Nebraska, Inc., a one bank holding company, where it would remain until 1990 when it was purchased by Ameriwest, a holding company owned by current bank owners, Chris and Betsy Murphy.[5]

After a short period of temporary building, parking lot and trailer locations, the Westroads Mall Branch made its permanent home in the new building at 612 N. 98th Street in 2002. The corporate headquarters location remained in the Old Mill area until March 2005 when it re-located to its current home, 15750 West Dodge Road.[6]

First Westroads Bank is active in the Omaha community, and is a Project PAYBAC partner for Aldrich Elementary School[7] and Kiewit Middle School[8] in Millard Public Schools.

Financial Performance

First Westroads Bank has been named a Top Performing Community Bank by the American Bankers Association Banking Journal, based on its earnings, asset quality, and capital.[9] The bank has also received a 5-star financial strength rating by independent bank rating institution Bauer Financial for the past 87 consecutive quarters, as of March 2016.[10]

Executive Board

As of 2018, the executive board includes:[11]

  • Chris J. Murphy, Chairman & CEO, First Westroads Bank
  • Mark Ellerbeck, President & Chief Lending Officer, First Westroads Bank
  • John M. Blazek, President, JMB Capital, LLC
  • Michael E. Leighton, Retired President & CEO Retired, Omaha Community Foundation
  • Daniel J. Murphy, Director of Marketing, First Westroads Bank
  • Thomas K. Nichting, Managing Director, Red Diamond Capitol
  • Stephen F. Robinson, Retired President, First Westroads Bank
  • Cara G. Walker, Chief Financial Officer and Cashier, First Westroads Bank
  • Gary K. Witt, Shareholder, Consulting Director, Lutz & Company

Bank Officers

As of 2018, the bank officers are the following:[12]

Name Position
Chris J. Murphy Chief Executive Officer
Mark Ellerbeck President and Chief Lending Officer
Cara G. Walker Chief Financial Officer and Cashier
Carl E. Bartholomew Vice President
Brandon J. Urban Vice President
Brent A. Frahm Vice President
Timothy J. Riha Vice President
Cheryl K. Novak Vice President / Loan Operations
Kathleen A. Hess Retail Operations Officer
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See also
  • Economics of Omaha

References
  1. http://www.fwinvestmentcentre.com/menu/index
  2. "Bank or Credit Union Star Ratings". www.bauerfinancial.com. Retrieved 2016-03-21.
  3. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=3148587
  4. https://www.fwbk.com/About-Us.aspx
  5. https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=3148587
  6. https://www.fwbk.com/default.aspx
  7. http://mps.bsaes.schoolfusion.us/modules/cms/pages.phtml?pageid=116756&sessionid=13805cf7ae5e86434dc8b203d85e8985&sessionid=13805cf7ae5e86434dc8b203d85e8985
  8. "Paybac Partners 2014-2015" (PDF). Archived from the original (PDF) on 2015-05-14. Retrieved 2015-06-29.
  9. http://www.aba.com/Pages/default.aspx
  10. "Bank or Credit Union Star Ratings". www.bauerfinancial.com. Retrieved 2016-03-21.
  11. https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=3148587
  12. https://www.fwbk.com/About-Us.aspx
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