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Kutak Rock Represents First National Bank of Omaha in Acquisition of Assets of SAF Holdings and AmeriFirst Home Improvement Finance

News | July 26, 2022

Kutak Rock recently represented First National Bank of Omaha (“FNBO”) in its acquisition of the assets of SAF Holdings, LLC and its wholly owned subsidiary AmeriFirst Home Improvement Finance, LLC (“AmeriFirst”), headquartered in Omaha, Nebraska. AmeriFirst will operate as AmeriFirst, a division of FNBO, and existing AmeriFirst employees will become FNBO employees following the acquisition.

Founded more than 160 years ago, FNBO is a sixth-generation family-owned bank with offices located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. AmeriFirst is a leading originator and servicer of consumer home improvement loans. This acquisition allows FNBO to enter the home improvement finance market and expand its point-of-sale capabilities, adding to its credit card and buy now pay later programs.

Partner Lisa Sarver led the Kutak Rock team advising FNBO on the transaction. She was assisted by partners Mike Alvano and Caitlin Gustafson, and associates Brett Bruneteau and Zander Savage in the corporate/M&A practice group; partner Bryan Handlos in the banking practice group; partner Brian Eades in the real estate practice group; partner Patrick Stephenson in the intellectual property practice group; partner Kate Jones and associates Ryan Calley and Deanna Mathews in the employment law practice group; and partner John Schembari and associate Emily Dowdle in the employee benefits practice group. Kutak Rock associates Xin Ai, Fara AyubiAlexander Bokeno, Hayley CarstensTurquoise EarlyNatalie Pieper and Sarah Wetzel participated on the diligence team.

With more than 45 attorneys, Kutak Rock’s national M&A practice group has built a solid reputation as a leader in middle market M&A transactions. Kutak Rock’s experience includes representing buyers, sellers, and private equity groups in domestic and cross-border transactions.