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OMAHA — TierOne Bank’s owners backed out of a plan to sell the bank to commercial lender CapitalSource because of conditions in the credit market and regulatory delays, bank officials said.
Falling stock prices had diminished the value of the deal from $652 million when it was announced last May to roughly $322 million Thursday.
TierOne’s $3.5 billion in assets makes it the largest publicly traded financial institution based in Nebraska. It has 69 bank branches in Nebraska, Iowa and Kansas and nine loan production offices in Arizona, Colorado, Florida, Minnesota, Nevada and North Carolina.
