Nebraska Plans to Launch One of the First ABLE Programs in the Country to Provide Tax-Advantaged Savings for People with Disabilities

The Enable Savings Plan to Begin in Summer 2016

LINCOLN, Neb.–(BUSINESS WIRE)–Nebraska State Treasurer Don Stenberg announced Thursday the state plans
to launch Enable, its new Achieving a Better Life Experience (ABLE)
program, allowing qualifying Nebraskans with disabilities to create
tax-advantaged savings accounts without losing eligibility for
needs-based financial aid.

Stenberg, the trustee of Enable, said the new Nebraska program is
expected to be operational by summer 2016. First National Bank of Omaha
has been named the new Enable program manager, following approval
earlier this week by the Nebraska Investment Council and the Treasurer’s
office.

Selecting a program manager will help Nebraska become one of the first
programs in the nation to be up and running, Stenberg said. The federal
ABLE Act became law in December. Since then, 34 states have passed state
ABLE laws, including Nebraska.

First National Bank of Omaha has significant expertise in this area
because of its work as program manager for the NEST 529 college savings
program, Stenberg said. “First National Bank is designing Enable in a
manner that Nebraskans will embrace, and the program is replicable, in
other states.” Stenberg added that Enable will be simple to use and as
low cost as possible. To find out more about Enable, visit www.enable.com
or www.treasurer.nebraska.gov/csp/able/.

“First National Bank has maintained its commitment to helping build
strong communities across Nebraska,” said Clark Lauritzen, executive
vice president, First National Bank of Omaha. “Enable is a natural
extension of our core values giving us yet another opportunity to serve
the needs of another extremely important segment of our community. First
National Bank values serving individuals and families on every part of
their journey. We are grateful for this opportunity to truly help people
achieve a better life experience.”

About Enable
Enable is Nebraska’s Achieving a Better Life
Experience (ABLE) program, allowing qualifying Nebraskans with
disabilities to create tax-advantaged savings accounts without losing
eligibility for needs-based financial aid. The program will offer
low-cost, risk-based, long-term investment choices; check writing and
debit card capabilities for daily and on-going expenses; a full-feature
ADA-compliant website; and a bank saving option insured by the FDIC. To
find out more information or sign up for regular updates, go to www.enablenebraska.com
or email enablenebraska@fnni.com.
Information also is available at www.treasurer.nebraska.gov/csp/able

About First National Bank of Omaha
First National Bank of
Omaha is a subsidiary of First National of Nebraska. First National of
Nebraska is the largest privately owned banking company in the United
States. First National and its affiliates have $20 billion in assets and
5,000 employee associates. Primary banking offices are located in
Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.

Don Stenberg, Nebraska State Treasurer, Trustee

First National Bank of Omaha, Program Manager

Contacts

First National Bank of Omaha
Kevin Langin, 402-602-3541
klangin@fnni.com
or
Nebraska
State Treasurer’s Office

Jana Langemach, 402-471-8884
Jana.langemach@nebraska.gov