Nebraska Department of Insurance
PROCEDURES FOR PURCHASING SECURITIES FOR DEPOSIT
- Contact one of the depository banks on the list below and arrange to purchase securities for depository purposes. Be
sure to advise the bank that this is to be pledged to the Nebraska Department of Insurance.
- The securities pledged must be in the name of the company and Nebraska Department of Insurance.
- The securities that are most often pledged are U.S. Treasury Notes, however, any security which is registered in the
NAIC Valuations of Securities Database will be acceptable. Nebraska requires $100,000.00 market value (HMO's deposit
requirement is $300,000.00) to be deposited. Pursuant to Neb.Rev.Stat. §44-150 the required amount for security deposits is
subject to retaliation.
- Upon completion of the purchase, the bank is required to send to the Nebraska Department of Insurance the original
safekeeping or joint custody trust receipt which gives a description of the security including the maturity date, rate and
amount. Our Department will maintain this receipt in our files.
- The Department of Insurance will send to the company a Nebraska Departmental receipt, which the company will maintain
until the securities are to be released.
- When the company wishes to release the securities, they must return the Departmental receipt to our office for authorization
of release to the bank. The company should also provide our department with a description of the securities that will be used
to replace the released securities.
- The Department will then forward to the bank the safekeeping receipt or joint custody trust receipt authorizing the release
of the securities.
Any questions regarding these procedures should be directed to Lynn Nannen at 402/471-4045.
All of the aforementioned requirements and fees are subject to retaliation.
State of Nebraska
Department of Insurance
List of Approved Depositories
| Name | Contact Person | Telephone # |
| American National Bank of Omaha 8990 West Dodge Road Omaha, NE 68114 Approved for Certificate of Deposit (CD) holdings only |
Mr. Jim Burns | 402/399-5000 |
| Bank of Papillion 1200 Golden Gate Drive Papillion, NE 68046 |
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| Beatrice National Bank and Trust 523 Court Street Box 100 Beatrice, NE 68310 |
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| City National Bank and Trust Co. 800 West Third Street P.O. Box 349 Hastings, NE 68901 |
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| Delay First National Bank 401 Norfolk Avenue P.O. Box 13 Norfolk, NE 68701 |
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| First National Bank & Trust Co. of Kearney P.O. Box 578 Kearney, NE 68848-0578 |
Mr. John C. Cannon | 308/234-1818 |
| First National Bank - Utica P.O. Box 215 Utica, NE 68456 |
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| First National Bank and Trust Co. of Columbus 2626 - 13th Street P.O. Box 730 Columbus, NE 68601 |
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| First National Bank and Trust Company 201 North Dewey P.O. Box 10 North Platte, NE 69101 |
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| First National Bank of Omaha P.O. Box 3128 Omaha, NE 68103 |
Ms. Julie Clouse | 402/341-0500 |
| First Nebraska Trust Company P.O. Box 81667 13th & K Lincoln, NE 68501-1667 |
Mr. Bud Olsson | 402/477-2200 |
| Havelock Bank 6145 Havelock Lincoln, NE 68507 |
402/434-3143 | |
| Kirkpatrick Pettis Trust Company 10250 Regency Circle Omaha, NE 68114 |
402/392-7931 | |
| Nothern Bank 31st and Ames Omaha, NE 68111 |
402/451-5100 | |
| Overland National Bank of Grand Island 304 W. Third Street P.O. Box 1688 Grand Island, NE 68802 |
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| Platte Valley State Bank and Trust Co. 2222 First Avenue P.O.Box 430 Kearney, NE 68847 |
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| Scottsbluff National Bank and Trust 1620 Broadway P.O. Box 381 Scottsbluff, NE 69361 |
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| Security National Bank of Omaha 3500 Farnam Street Omaha, NE 68131 |
Mr. Kevin Straube | 402/344-7300 |
| State National Bank and Trust Co. 116 West 1st Street P.O. Box 130 Wayne, NE 68787-0130 |
Ms. Cindy Brummond | 402/375-1130 |
| Union Bank and Trust Company P.O. Box 6155 Lincoln, NE 68506 |
402/323-1828 | |
| US Bank N.A. Treasury Division - Money Center 800 Nicollet Mall, BC-MN-H18R Minneapolis, MN 55402 |
Ms. Pat Blumer | 612/303-4862 |
| USBank Trust Division P.O. Box 81008 Lincoln, NE 68501-1008 |
402/434-1582 | |
| USBank - Estate and Trust Division Woodmen Tower 1700 Farnam Street Omaha, NE 68102-2002 |
Ms. Kathi Sites | 402/348-6775 |
| USBank-Lincoln 233 S. 13th Street Lincoln, NE 68508 |
Account Verifications or Elda Yoder | 402/434-1039 |
| USBank-Lincoln Account Verifications 233 S. 13th Street Lincoln, NE 68508 |
Account Verifications | 402/434-1015 |
| Washington County Bank 1523 Washington P.O. Box 248 Blair, NE 68008 |
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| Wells Fargo Bank Nebraska, N.A. Wells Fargo Center 1248 "O" Street, 4th Floor Lincoln, NE 68508 |
Mr. Chad Shirk | 402/434-4431 |
| Wells Fargo Bank Nebraska, N.A. Institutional Trust 1919 Douglas Street 2nd Floor Omaha, NE 68102-1310 |
Mr. Tim Gregan | 402/536-2639 |
| Wells Fargo Bank Nebraska, N.A. 202 West Third Street P. O. Box 1768 Grand Island, NE 68802 |
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| Wells Fargo Bank Nebraska, N.A. P.O. Box 82408 Lincoln, NE 68501 |
Ms. Pam Blecha | 402/434-4534 |
| Wells Fargo Brokerage Services, LLC P.O. Box 3408 Omaha, NE 68103-9978 |
Ms. Kathy Anzures | 800/228-9225 |
| York State Bank and Trust Co. 700 Lincoln Box 39 York, NE 68467 |