May 1, 2023 First National of Nebraska Closes Acquisition of Northland Capital Holdings FOR IMMEDIATE RELEASE For information contact: Sally Christensen, 402-871-1933 schristensen@fnbo.com First National of Nebraska Closes Acquisition of Northland Capital Holdings OMAHA, NE. May 1, 2023 – First National of Nebraska, Inc. (FNNI) today announced that it has closed on its acquisition of Northland Capital Holdings, including its subsidiary Northland Securities, Inc. (Northland), which was originally announced in January. “First National of Nebraska is delighted to fully welcome Northland and have already seen great alignment with the teams,” said David Cota, Executive Vice President, FNNI. “This transaction has been incredibly positive on many fronts, and we look forward to building on the momentum we’ve seen so far.” Northland Securities will operate as a subsidiary of FNNI, and the Northland brand will continue with all Northland subsidiaries including Northland Securities and Northland’s capital markets divisions. This acquisition enhances the capabilities of First National Capital Markets, another FNNI subsidiary, and its strong presence in Nebraska municipal bond underwriting. Significantly, this also complements Northland’s strong Midwest presence. “As the past few months have confirmed, FNNI is a great fit for our clients and the Northland team on every level,” said Randy G. Nitzsche, Northland President and CEO. “We share the same commitment to meeting the financial goals of our individual, corporate, government, and non-profit clients with the highest levels of integrity and accountability, in addition to overall values to serve our collective customers.” Piper Sandler & Co. served as financial advisor to First National of Nebraska and Kutak Rock LLP served as legal advisor. Faegre Drinker served as legal advisor to Northland Securities. About First National of Nebraska, Inc. First National of Nebraska and its affiliates have nearly $30 billion in assets and 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota, Texas and Wyoming. Learn more at fnni.com. About Northland Securities, Inc. Northland Securities, Inc., member FINRA/SIPC and registered with SEC and MSRB, is a subsidiary of Northland Capital Holdings, Inc. First National of Nebraska, Inc., is the parent company of Northland Capital Holdings, Inc. Northland is a diversified financial services firm, including investment banking and full-service broker-dealer divisions, offering investment and finance services for government entities, financial institutions, non-profit organizations and individual investors. The firm is a leading underwriter of tax-exempt bonds in the Midwest and is recognized for its equity markets research and specialization in finance and capital market access for corporate, government, and non-profit clients. Northland Securities’ primary office is located in Minneapolis, Minnesota, with branch offices in California, Colorado, Iowa, Michigan, Ohio and Wisconsin. # # # FNNI Acquisition of NCH Closes – Press Release 5-1-23
June 30, 2020 Client Information on SEC’s Regulation Best Interest SEC Regulation BI Information and Disclosures The Securities and Exchange Commission (“SEC”) has adopted Regulation BI (“RegBI”), a new rule under the Securities Exchange Act of 1934 (“Exchange Act”) establishing a “best interest” standard of conduct for broker-dealers and Registered Investment Advisors (“RIAs”) and associated persons when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer. The standard of conduct is to act in the best interest of the retail customer at the time a recommendation is made, without placing the financial or other interest of the broker-dealer, RIA, or associated person making the recommendation ahead of the interest of the retail customer. The SEC concurrently adopted a rule requiring each broker-dealer and RIA to provide its retail clients and file with the SEC a “Client Relationship Summary” (“Form CRS”) providing information about that broker-dealer or RIA and the way it conducts business. The RegBI Form CRS compliance and implementation date is June 30, 2020. Ask a Northland Financial Representative for more information on RegBI. INVESTOR INFORMATION – What You Need to Know – Investor.gov Online Resource Site – SEC’s Office of Investor Education and Advocacy (OIEA) FINRA Key Topic – SEC Regulation Best Interest SEC Regulation Best Interest, Form CRS, and Related Interpretations NORTHLAND DOCUMENTS Northland Form CRS Broker-Dealer ONLY (3/29/2024) Northland Form CRS Broker-Dealer & RIA DUAL (3/29/2024) Northland RegBI Disclosure Document (6-30-2020)