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First Premier Bank, [1] headquartered in Sioux Falls, South Dakota, is an issuer of MasterCard brand credit cards in the United States. The bank is known for specializing in a wide range of subprime credit cards that are marketed to individuals with low credit scores .
The bank was founded on July 30, 1984, as First National Bank of Marin in San Rafael, California. [1] It received the designation of "credit card bank" in June 1996. [1] In November 1998, the bank moved from San Rafael to Las Vegas, Nevada. [1] At that time, the bank was owned by Kjell Qvale. [5] In 2005, the bank was acquired by Sherman ...
In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue credit cards. [3] In 1968, due to an investment in real estate not permitted under a straight banking charter, the bank reorganized as a subsidiary of the bank holding company, First National of Nebraska ...
In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue credit cards. [2] In 1968, the bank was reorganized under the bank holding company, First National of Nebraska, Inc. In 1971, employees started moving into the 22-story First National Center. Attached to ...
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Depending on the issuing bank and the preferences of the client, this may allow the card to be used as an ATM card, enabling transactions at automatic teller machines; or as a debit card, linked to the client's bank account and able to be used for making purchases at the point of sale; or as a credit card attached to a revolving credit line ...
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