Mutual of Omaha Bank is settling into its role in the banking industry at a time when many insurers are running for the exits.

The banking arm of Mutual of Omaha had a splashy debut in 2007, swelling to nearly $7 billion in assets by leveraging its parent's financial strength to buy five banks in three years. It was among the first banks to take advantage of a failed-bank deal when the economy tanked.

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