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Mutual of Omaha Bank plans to increase KC presence

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While Mutual of Omaha Bank is in the process of shrinking its branch network in Denver, it's putting together expansion plans in the Kansas City area. With $237.3 million in deposits as of June 30, Mutual of Omaha Bank is the third-largest bank in the U.S. owned by an insurance company, behind USAA Federal Savings Bank and State Farm Bank. It's in the process of selling five branches in Colorado that it added in October 2007, when it acquired Peak National Bank. Jim Nolan, a spokesman for Mutual…

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