First National Bank of Omaha becamethe first bank to build a data center powered entirely by fuel cell technology in 1999, but the $19 billion bank hasn't just rested on its green laurels since then. The bank is in the process of virtualizing its 8,000 desktop PCs, replacing them with more energy efficient terminals that also have double the lifespan of traditional PCs-longer lifespan equals less electronic waste. A server virtualization project cut energy usage, cooling costs, allowed the bank to decrease the time it takes to build a server from one week to half a day, and reduced disaster recovery demands significantly. On the operations side, motion sensitive lighting, sinks and flush devices are becoming the norm as facilities are upgraded. Recycling efforts resulted in more than 350 tons of paper recycled in 2008, a figure the bank translates to the equivalent of 6,236 trees. FNBO is also continuously greening its customer-facing initiatives, in part through its www.bankgreentoday.com Website. The latest effort? The quarterly, full color, high-gloss newsletter that it used to send to 120,000 households manually is going digital, and by next year will only be produced in electronic format.
-
Community bankers say credit unions and new fintech entrants are increasing the competition for deposits and loans, even as deregulation is lowering capital and compliance costs, according to a new survey from deposit broker IntraFi.
3h ago -
WomenVenture, a Minneapolis-based Community Development Financial Institution, was already under strain from stalled federal CDFI funding. The recent immigration crackdown added significant uncertainty for its customers as well.
4h ago -
Pulte says a GSE stock offering remains likely in 2026, but other policy paths are in play. NMN survey data shows the industry expects broader changes first.
4h ago -
The Spanish banking giant, which has been trying to grow its U.S. business, plans to acquire the Connecticut-based parent company of Webster Bank.
February 3 -
The crypto and payment fintechs both debuted on the stock market in late January with strong openings, then traded down ahead of a four-day partial government shutdown.
February 3 -
At a hearing Tuesday, executives at the Swiss banking giant faced tough questions from both Republicans and Democrats. The lawmakers are unhappy with the bank's recent decision to withhold certain documents from a lawyer who's overseeing research regarding Nazi accounts.
February 3





