One Bank That Likes Investment Banking

Article excerpt

Investment banking is not for the faint of heart. That was the consensus of bankers and analysts we consulted for last month's feature, "Tough Sell" (p.37). Some smaller banks that dabbled in investment banking have sold that business. Very few big regionals are entering the investment banking arena. For the most part, only the largest money center banks remain in what is a very competitive business.

But $18 billion-assets First National of Nebraska, headquartered in Omaha, is ignoring the pundits and throwing its mid-western hat into the investment banking ring with the launch of First National Investment Banking. Led by former Goldman Sachs advisor Clark D. Lauritzen, FNIB is comprised of three operating groups: First National Capital Markets, First National Mergers & Acquisitions, and First Capital Partners LLC. Together, the groups provide a full suite of investment banking services including M&As, private placements of junior capital, private equity, fixed income trading, and derivatives.

Lauritzen, senior vice-president and general manager, believes that corporations, institutions, and high-net worth individuals from Chicago to Denver and South Dakota to Texas will want to do business with a local investment bank. …