Annual Report Nebraska department of banking & finance July 1, 2006 to June 30, 2007 Dave Heineman governor John Munn Director Commerce Court, 1230 “O” Street, Suite 400, Lincoln, NE 68508-1402 Main Office: (402) 471-2171 y Consumer Hotline: (877) 471- 3445 y www.ndbf.org Annual Report for July 1, 2006 - June 30, 2007 Our Mission is to protect and maintain the public confidence through the fair, efficient, and experienced supervision of the state- regulated financial services industries; to assist the public in their dealings with those entities; to assist those whom we regulate in a manner which allows them to remain competitive, yet maintain their soundness in compliance with the law; to fulfill our statutory responsibilities with regard to all licensees and registrants; and to investigate violations of the laws and cooperate with other agencies in seeking a timely resolution of problems and questions. Cover image courtesy of the Nebraska Unicameral Information Office. TABLE OF CONTENTS Department Staff......................................................................................................................................1 Supervision History .................................................................................................................................4 Statement of Receipts and Disbursements...............................................................................................5 Number and Resources ............................................................................................................................5 FINANCIAL INSTITUTIONS State Chartered Banks........................................................................................................................6 Commercial Banks Members of the Federal Reserve System...........................................................20 Application Activity...........................................................................................................................21 State Chartered Commercial Banks Balance Sheet ...........................................................................24 Statistics Regarding State Chartered Commercial Banks..................................................................25 State Banks Authorized to Operate with Trust Powers .....................................................................28 National Banks Authorized to Operate with Trust Powers................................................................29 Registered Bank Holding Companies................................................................................................30 State Chartered Trust Companies ......................................................................................................38 Comparative Statement................................................................................................................38 State Chartered Savings and Loan Associations................................................................................39 State Chartered Credit Unions ...........................................................................................................40 Comparative Statement................................................................................................................41 Delayed Deposit Services ..................................................................................................................43 Consumer Finance Division Installment Loan Companies .......................................................................................................46 Balance Sheet...............................................................................................................................47 Sales Finance Companies ............................................................................................................48 Mortgage Lending Companies.....................................................................................................52 Sale of Checks/Funds Transmission ..................................................................................................67 - i - TABLE OF CONTENTS BUREAU OF SECURITIES Securities Act Cash Fund Status........................................................................................................68 Revenue and Budget ..........................................................................................................................70 Enforcement Actions.........................................................................................................................70 Securities Registrations and Exemptions Offerings Filed.............................................................................................................................71 Renewals and Additionals............................................................................................................71 Exemption Filings........................................................................................................................71 Business Opportunity Filings.......................................................................................................71 Franchise Filings..........................................................................................................................71 Schedule of Issuer Applications.........................................................................................................72 Broker-Dealers and Investment Advisers Registrations ................................................................................................................................74 Schedule of Broker-Dealers and Agents............................................................................................75 - ii - DEPARTMENT STAFF Director ..................................................................................John Munn Deputy Director .....................................................................Ray A. Pont FINANCIAL INSTITUTIONS DIVISION Banks, Trust Companies, Credit Unions, Savings & Loans, Consumer Lenders, Mortgage Banking and Delayed Deposit Services Review Examiners .................................................................Kelly J. Lammers Nick Lenzen Kent W. Plummer Examiners (*District Examiner in Charge of District/Division) Omaha District...............................................*James M. Davis Paul E. Carpenter Tony Kopf James P. McTygue Xun Wang Kelsi Hewitt Lincoln District ..............................................*Joel D. Fanders Neil T. Butler Mike Cornelius Gregory G. Freese Fred Seckman Kearney District.............................................*Michael Miller Jaunita Koerner Perry T. Neill Rachel Newell Steven D. Schepers Sharan Stoltenberg Trust Departments & Companies...................*Steven K. Spady Kenneth B. Spellmeyer Credit Unions/Savings & Loans ....................Steve Wohleb IS Examiner ..................................................Micheal Rafferty Central Scheduler...........................................Tony Kriz II Administrative Assistant .......................................................Bobbi J. Irons Typist .....................................................................................Betty L. Fogerty - 1 - DEPARTMENT STAFF Consumer Credit, Delayed Deposit Services, Loan Brokers Review Examiner...................................................................Karen Reynolds Examiners……………… ......................................................John Flores Steve Wohleb Brian Nielsen Staff Assistant ........................................................................Sharon Christensen BUREAU OF SECURITIES Assistant Director...................................................................Jack E. Herstein Securities Investigation and Enforcement Manager ..............Thomas A. Sindelar Examiner................................................................................Jackie L. Van Cura Securities Analyst ..................................................................Rodney R. Griess Jerry McFarland Gene Schenkelberg Staff Assistant ......................................................................Bella Overfield Staff Assistant ......................................................................Ashley Boller Office Clerk ...........................................................................Pamela S. Burnham LEGAL DIVISION General Counsel.....................................................................Patricia A. Humlicek Herstein Legal Counsel, Financial Institutions ....................................Michael W. McDannel Legal Counsel, Securities.......................................................Sheila J. Cahill Staff Attorney.........................................................................Amanda Greenwood-Field Staff Attorney.........................................................................Michael Cameron Paralegal.................................................................................Pam Flott Administrative Assistant .......................................................Lou A. Meisinger Staff Assistant .......................................................................Debbie L. Yost Staff Assistant .......................................................................Cindy Faris - 2 - DEPARTMENT STAFF BUSINESS/ACCOUNTING DIVISION Business Manager ..................................................................Eric B. Asboe II Administrative Assistant........................................................Anita