(Problem Bank List) — Nebraska’s first bank closing of 2010 was the giant TierOne Bank of Lincoln, Nebraska. TierOne was one of the largest publicly held thrifts in the Midwest and had 69 branches located in Nebraska, Iowa and Kansas.
According to the bank’s website, TierOne was originally organized in 1907 as Fidelity Savings and Loan Association. After rapid growth and a series of name changes, the bank was renamed TierOne in February, 2002.
By asset size, TierOne is the ninth largest banking failure of 2010. Including TierOne, a total of 18 banking institutions with assets in excess of $1 billion dollars have failed this year.