Mutual of Omaha Bank has started a Houston-based energy lending group to court players in the oil and gas industry.
The bank, an affiliate of Mutual of Omaha Insurance Company, Omaha, Neb., has hired George McKean to be the manager of energy lending and Edward Fenk to be senior energy lender.
McKean previously was a managing director in the Houston office of CIT Group Inc. and the founder of the energy lending group in that office. He has a bachelor’s degree in economics from the University of Michigan and a master’s degree in business from Columbia University.
Fenk previously was a vice president on the corporate banking energy team in the Houston office of Allied Irish Bank. He has a bachelor’s degree and a master’s degree from the University of Florida and a law degree from Texas Wesleyan University. He holds the Licensed Professional Geologist designation in Texas and also holds the Certified Petroleum Geologist professional designation.
McKean and Fenk will start out focusing on financing exploration and production and midstream projects, Mutual of Omaha says.
Mutual of Omaha has a total of $26 billion in assets, and its bank has about $5 billion in assets.
In other business growth news:
- Medica Health Plans, Minnetonka, Minn., has started selling individual and family health insurance products in Wisconsin.
Medica has been selling group health products and Medicare products in Wisconsin for 13 years, and it provides or administers coverage for about 31,000 Wisconsin residents through the group plans and Medicare plans.
In the Wisconsin individual market, Medica is offering both traditional policies and high-deductible policies that can be used together with a health savings account (HSA).
- DestinationRx Inc., Los Angeles, has started the BrokerLink system, a national electronic network that will connect Medicare health plans with organizations that sell products to older U.S. residents.
The system includes plan comparison tools and beneficiary enrollment tools, Destination Rx says.
The system comes with plan product and benefit information broken down by ZIP code.
- Laser App Software Inc., Ontario, Calif., has signed more users for its automated financial form filling and management software. The new users are Savings Bank Life Insurance Company of Massachusetts, Woburn, Mass., and two U.S. units of Legal & General Group P.L.C., London – Banner Life and William Penn Life.