Mutual of Omaha Does Hometown Deal

Austin, TX- June 30, 2007

Sheshunoff & Co. Investment Banking, announces the sale of Omaha, Nebraska-based Midlands Financial Services, Inc.– ($270 million) to Mutual of Omaha Insurance Co. – ($1.5 billion). Sheshunoff & Co. represented the seller in the strategic transaction. No deal terms have been announced.

Mutual of Omaha has made a strong entrance into the midwest banking market, with plans to make other acquisitions throughout the United States. This acquisition supports their announced banking strategy of establishing a network of community banks, opening a bank on the Mutual of Omaha campus, and launching a full-service internet bank. This is Mutual's third bank announcement this year.  Mutual previously announced the purchase of Peak National Bank, Nederland, CO ($212.7 million), on May 9th , and the purchase of Security Federal Savings, Lincoln, Nebraska ($121.9 million), on May 23rd .     
           
According to Curtis Carpenter, Managing Director of Sheshunoff & Co. Investment Banking, “Mutual of Omaha now has a strong presence and management team in their hometown of Omaha.  With these resources, we anticipate the bank will aggressively execute their strategy of entering key growth markets throughout the south and southwest.”

About Sheshunoff & Co. Investment Banking

Sheshunoff & Co. Investment Banking has acted as financial advisor in more than 200 transactions in the past fifteen years and has advised financial institutions nationwide for thirty years with merger and acquisition advisory services, valuations, restructuring, and strategic options assessment all to increase shareholder value.