Neb. bank continues family legacy

Northwestern Financial Review, Mar 1-Mar 14, 2004

Ownership of the First National Bank of Utica, Neb., transferred to the fourth generation of Liggetts, the same family that founded the bank in 1882. Jim, Scott and Lee Liggett purchased the $23 million bank from their father, Lee G. Liggett. The transaction was finalized in January.

"We are proud to carry on the family and community tradition of the First National Bank of Utica," said Jim Liggett, president. "The three of us share a common goal of maintaining and growing an independent and locally-focused bank.

"My father taught us that it takes a well-balanced company built on a strong moral foundation to make it in the world," added Liggett, the youngest of the three brother-owners. "We are optimistic about the future of small town banks. The best is yet to come."