First National of Nebraska with its subsidiary FNBO (First National Bank of Omaha), and Denver-based InBankshares Corp jointly announced Sept. 2 that First National of Nebraska will acquire InBankshares Corp and its wholly-owned subsidiary InBank in a cash transaction. The acquisition is pending regulatory approval, which is anticipated by the end of the year.
The acquisition significantly expands FNBO’s presence in Colorado, adding nine branches along the Front Range, including a new footprint in Denver, Colorado Springs and Southern Colorado. Combined with FNBO’s 21 existing branches across Northern Colorado, including Fort Collins, Boulder, Greeley and Loveland, the acquisition will bring the bank’s statewide network to 30 branches. FNBO will also add four InBank branches in northern New Mexico.
Total Consideration
$200–204M
InBank Assets
$1.4B
Combined CO Branches
30
FNNI Total Assets
$35B
With $1.4 billion in assets, InBank is an independent community bank that offers a full suite of commercial, business and personal banking solutions.
“InBank was built with a commitment to delivering highly personalized service, and FNBO shares our belief in authentic relationships, local decision-making and doing what is right for customers and communities. We believe this next chapter will create new opportunities for our customers and associates while carrying forward the values that have shaped InBank.”
Ed Francis, Founder and CEO, InBank
Under the terms of the merger agreement, the stockholders of InBankshares Corp may receive a special dividend from InBankshares Corp immediately prior to closing and will receive cash in exchange for their shares at closing. InBankshares Corp currently estimates that the total consideration to be received by its common stockholders will range from $200 to $204 million, and the per share value will range from $16.41 to $16.74, although these amounts may change. The closing is subject to the satisfaction of customary closing conditions, including receipt of all required regulatory approvals.
This news follows FNBO’s announcement in June of its acquisition of Blue Ridge Bank & Trust in Missouri, which added eight branches to the regional bank’s existing footprint in the Kansas City metro area.
What Customers Should Know
InBank branch rebranding and customer conversion to FNBO are expected to occur in the second half of 2027, pending regulatory approval.
FNBO (First National Bank of Omaha), a subsidiary of First National of Nebraska Inc. (FNNI), is one of the largest privately held banks in the U.S. and has been in business for nearly 170 years. FNNI and its affiliates have $35 billion in assets and more than 4,500 employees. Headquartered in Omaha, Nebraska, with primary banking offices in Colorado, Illinois, Iowa, Kansas, Missouri, Nebraska, South Dakota, Texas and Wyoming, FNBO provides personal and business banking, mortgage, payment solutions, wealth management and more. Founded in 1857, FNBO has maintained its commitment to customers and helping build strong communities.