First Westroads Bank is a locally owned community bank in

Omaha Omaha ( ) is the List of cities in Nebraska, most populous city in the U.S. state of Nebraska. It is located in the Midwestern United States along the Missouri River, about north of the mouth of the Platte River. The nation's List of United S ...

Nebraska Nebraska ( ) is a landlocked U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders South Dakota to the north; Iowa to the east and Missouri to the southeast, both across the Missouri River; Ka ...

, 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. The bank has received a 5-star rating from Bauer Financial for the past 87 consecutive quarters.

History

First Westroads Bank was chartered in 1967 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. 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. 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. First Westroads Bank is active in the Omaha community and is a Project PAYBAC partner for Aldrich Elementary School and Kiewit Middle School in Millard Public Schools.

Financial performance

First Westroads Bank has been named a Top Performing Community Bank by the

American Bankers Association The American Bankers Association (ABA) is an American trade association for the U.S. banking industry, founded in 1875. They lobby for banks of all sizes and bank charters, including community banks, regional and money center banks, Federal s ...

Banking Journal, based on its earnings, asset quality, and capital. 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.

Executive Board

As of 2023, the executive board includes: * Chris J. Murphy, chairman, First Westroads Bank * Mark Ellerbeck, president & CEO, First Westroads Bank * John M. Blazek, president, JMB Capital, LLC * Robert Dalrymple, retired executive vice president, division executive, Great Plains Division at Bank of the West * Daniel J. Murphy, VP business development, First Westroads Bank * Thomas K. Nichting, managing director, Red Diamond Capitol * Stephen F. Robinson, retired president, First Westroads Bank * Gary K. Witt, shareholder, consulting director, Lutz & Company * John Nahas, president, Corporate Management Consulting

Bank Officers

As of 2023, the bank officers are the following:

References

External links