ORDER N0.29016. BANKING AGREEMENTS WITH FIRST NATIONAL BANK OF OMAHA. Came to be heard this the 1st day of February 2005 with motion made by Commissioner Letz seconded by Commissioner Baldwin. The Court unanimously approved by a vote of 4-0-0 the banking agreement with First National Bank of Omaha for partnership with Kerr County and Mutual of Omaha and sign same. The claim will be first sent to Mutual of Omaha they will approve it, the hard copy is sent to Barbara Nemec, she transfers the money to the bank so the claim can be paid. .~ q ~/f~ Memorandum b~~o~ ~, aoo5 Date: 8~' To: Rex Emerson, County Attorney ~, From: Barbara Nemec, County Treasurer Re: Banking Agreements .~ ~~ ~~ ~~ Enclosed is a copy of the banking agreements between Kerr County and First National Bank of Omaha. I have put this on the agenda for January 24, 2005. Could you please review and be prepared to advice the Court if all paperwork is in order. COMMISSIONERS' COURT AGENDA REQUEST PLEASE FURNISH ONE ORIGINAL AND NINE COPIES OF THIS REQUEST AND DOCUMENTS TO BE REVIEWED BY THE COURT. MADE BY: Barbara Nemec, County Treasurer OFFICE: Treasurer f -e b . ,~ MEETING DATE: J°~"°'~~ ~~, X005 TREE PREFERRED: A.M. SUBJECT: Consider and Discuss Banking Agreements with First National Bank Omaha for partnership with Ken County and Mutual of Ornaha and sign same. EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON) Nru~lE OF PERSON ADDRESSING THE COURT: Barbara Nemec, County Treasurer ESTIMATED LENGTH OF PRESENTATION: 3 mins. IF PERSONNEL MATTER -NAME OF EMPLOYEE: Time for submitting this request for Court to assure that the matter is posted in accordance with Title 5, Chapter 551 and 552, Government Code, is as follows: Meeting scheduled for Mondays: 5:00 P.M. previous Tuesday. THIS REQUEST RECEIVED BY: THIS REQUEST RECEIVED ON: .All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has been prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation will be appreciated and contribute towards you request being addressed at the earliest opportunity. .See .Agenda Request Rules Adopted by Conunissioners' Court. Memorandum Date: January 10, 2005 To: Rex Emerson, County Attorney From: Barbara Nemec, County Treasurer - Re: Banking Agreements - _ Enclosed is a copy of the banking agreements between Kerr County and First National Bank of Omaha. I have put this on the agenda for January 24, 2005. -Could you please review and be prepared to advice the Court if all paperwork is in order. December 17, 2004 Kerr County ~ ' , Attn: Barbara Nemec 700 Main BA-104 - _ - - Kerrville, TX 78028 Dear Barbara, First National Bank Omaha welcomes the opportunity to be a part of the partnership between Kerr County and Mutual of Omaha. To facilitate the opening of an account at First National Bank, we have enclosed the following items for your review. • Corporate Depository Resolution • Demand Deposit Account Number /Draft Account Number /Bank ABA Number • First National Bank -Contact Personnel • Overview of First National Bank As you review the enclosed information, please do not hesitate to call us with any questions that you have. First National Bank can also provide you with Internet access to view your business account via our website free of charge. After the account is open, you can log on to our website www.firstnational.com and enroll online for 24 Hour Biz Banker. Again, thank you for the opportunity to provide banking .services to Kerr County as part of your "Administrative Services Only" relationship with Mutual of Omaha. We look forward to serving you in the years to come. Best Regards, Lisa Jones Cash Management Services First National Bank SECRETARY'S CERTIFICATE -CORPORATE DEPOSITORY RESOLUTION TO: FIRST NATIONAL BANK OF OMAHA OMAHA, NEBRASKA I, THE UNDERSIGNED, hereby certify that I am Secretary of (Name of Corporation) a corporation duly organized and existing under the laws of the State of (State) ("CORPORATION"); that the following is a true copy of a resolution duly adopted by the Board of Directors of said CORPORATION at a meeting duly held on the day of , at which a quorum was present; and that such resolution has not been rescinded or modified. ' BE IT RESOLVED that the First National Bank of Omaha ("BANK") be designated as a depository of the funds of this CORPORATION and all checks, drafts, or other orders for payment of money may be endorsed for :deposit by stamp, or personal endorsement of any officer, agent or employee and deposited in said account(s). BE IT FURTHER RESOLVED that disbursements from the depository account(s) of the CORPORATION shall require the following number of signatures: -- Account Number Number ojSignatures Required (One, Two, etc.) A. 110191207 B. C. I. 2. 3. 4. No checks written on account; Payable thru drafts only. BE IT FURTHER RESOLVED that the following: O~ce/Title or Name ojlndividual (Print) Account(s) Authoried be and hereby are authorized to draw checks, drafts, or other orders for the payment of money on the CORPORATION depository account(s) and the BANK is authorized to honor the same including checks, drafts and other orders for the payment of money drawn in the CORPORATION'S name, including, without limitation, orders payable to the CORPORATION or to the individual order of any signing person(s) or payable to the BANK or others for the account of such person(s) or tendered in payment of the obligations of such person(s), including when bearing or purporting to bear the facsimile signature(s) of the above named person(s), and the BANK shall be entitled to honor and charge the CORPORATION and its account for such drafts or other orders notwithstanding the fact that the facsimile signature thereon was obtained or used without the authority of any of the persons named herein and regardless of by whom or by what means the actual or purported facsimile signature or signatures resemble the facsimile specimens filed with the BANK. This authorization shall remain in effect until the BANK receives written notice of revocation and has a reasonable opportunity to act thereon. BE IT FURTHER RESOLVED that any one of the following (print O~ce/Titles or Names ojlndividuals): 1. 3. 2. 4. are hereby authorized to instruct the BANK to open additional accounts in the name of the CORPORATION and to add or delete authorized signers to any existing or additional accounts. The BANK may accept such instructions orally; but is entitled to require written confirmation - ;reof. Upon acceptance of such instructions, the BANK may so note on its records (including, but..not limited to, any Secretary's Certificate with respect to these resolutions), and need not require a copy of any additional resolutions or any certificate with respect thereto. BE IT FURTHER RESOLVED that '~ ;~i (`'Mutu ") is hereby authorized to negotiate grid enter.info.on.behalf of the= - CORPORATION the agreements identified in the attached Exhibit A (the "Agreements"). As-nur~agent ` v.. is furthecauthorizedto~ake .- 01-386498.02 -'~~ _- --~ such actions and to transact any and all such business with and through the BANK as is necessary or advisable in furtherance of the Agreements and these Resolutions. Any and all transactions with the BANK by Mutual on behalf of the CORPORATION prior to the adoption of this Resolution (whether involving deposits, withdrawals, discounts, borrowings or otherwise) are in all respects hereby ratified, approved and confirmed. The BANK is hereby entitled, without further inquiry or investigation, to assume the actions of Mutual are appropriate and authorized by the CORPORATION. This authorization shall remain in effect until the BANK receives written notice of revocation and has a reasonable opportunity to act thereon. BE IT FURTHER RESOLVED that the BANK is hereby authorized to make advances of credit to prevent overdrafts on the foregoing accounts, including, without limitation, advances made pursuant to a First Business Credit Line Agreement which may now or hereafter be executed by any of the officers or individuals identified in the immediately preceding resolution, and the CORPORATION agrees to repay such advances according to the terms established by the BANK from time to time or as set forth in the First Business Credit Line Agreement, if executed. BE IT FURTHER RESOLVED that, although BANK has no obligation to do so, in the event BANK determines that forgery or fraud has occurred or been attempted with respect to any account of CORPORATION, BANK may close such account, reopen a new account under the same terms as the closed account, and so note on its records (including, but not limited to, any Secretary's Certificate with respect to these resolutions), and need not require a copy of any additional resolutions or any certificate with respect thereto. BE IT FURTHER RESOLVED that the power and authority granted by this resolution shall continue in full force and effect until notice in writing is given to the BANK of the cancellation or modification thereof. I FURTHER CERTIFY, that there is no provision on the charter or By-Laws of said CORPORATION limiting the power of the Board of Directors to pass the foregoing resolution, that the same is in conformity with the provisions of said charter and By-Laws and that if a corporate seal is required by the By-Laws for this certificate, such seal is affixed. I FURTHER CERTIFY, that the following are those persons now authorized to act as set forth by this resolution, holding office in said corporation as indicated, and are genuine signatures opposite their respective names: Ojjice/Title Name of Individual (Print) Signature 1. President 2. Vice President 3. Vice President Secretarv 5. Treasurer 6. 7. 8. (Facsimile (Facsimile Specimen) I CERTIFY, under penalties of perjury, that (1) the number shown on this document is the correct taxpayer identification number of the CORPORATION (or the CORPORATION is waiting for a number to be issued) and (2) that the CORPORATION is not subject to backup withholding because it is exempt from backup withholding. Taxpayer Identification Number certification instructions -You must cross out item (2) above if you have been notified by the IRS that you are subject to backup withholding because of underreporting interest or dividends on your tax return. However, if after being notified by IRS that you were subject to backup withholding you received another notification from IRS that you are no longer subject to backup withholding, do not cross out item (2). The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup withholding. Federal Taxpayer Identification Number IN WITNESS WHEREOF, I have hereunto set my hand as Secretary of said CORPORATION this day of , (Siguature: Secretary of CORPORATION) O1-386498.02 EXHIBIT A AGREEMENTS *General Agreement for Cash Management Services *Payable Through Draft Agreement *Attachment for Electronic Access Services *Electronic Access Authorization Request *THE AGREEMENTS IN EXHIBIT A HAVE ALREADY BEEN FORWARDED TO MUTUAL OF OMAHA FOR COMPLETION AND DO NOT NEED TO BE COMPLETED BY YOUR COMPANY. O 1-386498.02 General Agreement Reference Number GENERAL AGREEMENT FOR CASH MANAGEMENT SERVICES This General Agreement for Cash Management Services is applicable to certain services that First National Bank of Omaha agrees to provide to the undersigned customer. (In this General Agreement, "we" and "us" refer to First National Bank of Omaha and "you" refers to the customer.) 1. Services. We agree to provide services to you as described in Attachments made a part of this Agreement from time to time. Attachments maybe made a part of this Agreement if executed by both parties with reference to this Agreement. This agreement does not apply to services provided under separate agreements that do not reference this General Agreement (such as Funds Transfer Services and Check Redemption Services). Attachments and the services they describe will apply to all relevant accounts identified in our records ("Relevant Accounts"). 2. Term. This Agreement shall remain in effect as long as any Attachments are outstanding. Either party may terminate any or all Attachments, with or without cause, upon 30 days' notice to the other. Termination shall be effective as to prospective transactions only, and shall not alter the rights of the parties as to transactions prior to the effective date of termination. 3. Fees. You agree to compensate us for services rendered in accordance with our fee schedules as in effect from time to time. Fees do not include applicable taxes, if any, which are your responsibility (except for taxes based on our net income). 4. Our Obli atg ions. We agree to comply with the terms of this Agreement and the Attachments, and agree to use ordinary care in performing services for you. So long as we exercise such diligence as the circumstances may require, our failure or delay in performance will be excused if, due to interruption of communications of computer facilities, failure of equipment, emergency conditions or other circumstances beyond our control. 5. Remedies. If you believe our service is deficient, you may terminate any or all Attachments in accordance with Section 2. Alternatively, you may give us notice of the deficiency and a reasonable opportunity to cure the same. We will not be entitled to payment for unperformed or defectively performed services. 6. Our Liability. Our maximum liability to you with respect to services provided under any Attachment will not exceed your direct loss or the total fees paid to us under the Attachment in the preceding 12 months, whichever is less. In no event will we be liable for special, incidental, indirect, consequential or exemplary damages, regardless of whether we were informed of their possibility. Except as expressly provided in this Agreement and Attachments, services are provided AS IS. Services are not guazanteed to be free from error or interruption. Your remedies herein are exclusive and in lieu of all other remedies in law or equity. 801 - 08/2002 Page 1; of 3 Ol -309871.01 -.. -_ i 7. Operating Procedures. If we have provided users' manuals, documentation or similar materials ("Operating Procedures") to you, you agree to follow those procedures. If we change Operating Procedures, we will give you notice in advance (generally, 30 days in advance). If you continue to use our services thereafter, you agree to comply with the changed procedures. In the absence of applicable Operating Procedures, you agree to use ordinary care in using our services. 8. Your Responsibili~. Except as otherwise provided herein, you are responsible for the results of your use of the services. We are not responsible to third parties (such as, but not limited to, your customers) for your use of the services. If a third party claim is made against us arising out of your use of the services, you agree to defond, indemnify and hold us harmless against such claim. 9. Notices. Notices hereunder shall be in writing and provided via hand-delivery, facsimile, or U.S. mail to the address of the party set forth on the front of this Agreement, or to such other address as the party may from time to time specify in writing. Notices shall be deemed given, if by hand-delivery when delivered, if by facsimile when transmitted, and if by mail the third day following deposit in the mail postage period. 10. Miscellaneous. This Agreement and the Attachments (i) constitute the entire agreement between the parties with respect to the subject matter hereof (unless the services also involve a deposit account, in which case the terms of your deposit agreement shall also apply); (ii) except as provided in Section 7, cannot be amended except in writing signed by the parties; (iii) shall be binding upon and inure to the benefit of the parties hereto and their successors and assigns; (iv) may not be assigned by you without our written consent, which will not be unreasonably withheld; and (v) shall be governed by and construed in accordance with the laws of the State of Nebraska. 801 - 08/2002 - - - ;. Page 2 of 3 O1-309871.01 _______- : ~ IN WITNESS WHEREOF, the undersigned have excuted this agreement as of 20 FIRST NATIONAL BANK OF OMAHA CUSTOMER: First Financial Services 201 North 16th Street Omaha, Nebraska 668102 BY: BY: (Signature) (Signature) NAME: NAME: (Please Print) (Please Print) TITLE: TITLE: (Please Print) (Please Print) Neither this General Agreement for Cash Management Services nor any Attachment hereto shall be effective unless and until executed and delivered by both parties. Customer understands that First National Bank of Omaha approvals of such documents will be conditioned on, among other things, results of a credit review and related account set-up diligence. 801 - 08/2002 =1'age~,af 3 - 01-309871.01 -._ .z. ; ~ Account Number PAYABLE THROUGH DRAFT AGREEMENT This Agreement is made between First National Bank of Omaha (the "Bank") and the undersigned company (the "Company") who agree as follows: 1. The Bank agrees to act as a collecting bank to process items or drafts drawn on the Company and marked "payable through" the Bank (referred to herein as "Draft"). Each Draft shall: (i) state prominently on its face that it is "payable through" the Bank; (ii) be encoded with the transit routing number designated by the Bank; and (iii) be encoded in its account number field with the draft account number designated by the Bank. The Company understands and agrees that the transactions contemplated by this Agreement shall be subject to applicable laws, rules and regulations as in effect from time to time, and that Company shall be responsible for compliance therewith; provided, however, that the Bank shall be responsible for complying with all obligations imposed on collecting banks. 2. Drafts received by the Bank prior to 12:00 noon (Central Standard Time) on any Bank business day shall be accumulated and a list of such Drafts shall be made available to the Company by 1:00 p.m. (Central Standard Time) on the day of receipt by the Bank. Drafts received after 12:00 noon (Central Standard Time), but prior to the Bank's close of business, will be available to the Company by 9:00 a.m. (Central Standard Time) the next Bank business day. The making available of Drafts to the Company pursuant to this paragraph shall constitute presentment and no other or further presentment of any Draft shall be required of the Bank. 3. The Bank is authorized to provisionally debit the Company's account referenced above for the total dollar amount of all Drafts received by the Bank, subject only to adjusting such account the following Bank business day for any Drafts for which payment is refused by the Company. The Bank will notify the Company when a Draft or Drafts are received by the Bank and there are not sufficient funds in the Company's account to pay such Draft or Drafts. 4. Prior to 4:00 p.m. (Central Standard Time) on the next Bank Business -day following the day of receipt by the Bank, the Company shall return to the Bank's Downtown Office Check Collection Department all Drafts, the payment of which is refused by the Company, with an appropriate notation on the face of each Draft for which payment is refused and the reason for the refusal to pay. The Company shall be liable to the Bank for tfie.amount of any Draft for which the Bank has provisionally charged the Company and which was not returned by the Company prior to the 4:00 p.m. (Central Standard Time) deadline set-forth above. Nothing in this paragraph shall be deemed to create any liability on the part of the Bank or the Company to any other person for the failure to pay any Draft.. 906 - 03/99 Page 1 of 3 5. The Bank shall not be under any obligation to pay any Draft of the Company if there are not sufficient available funds in the Company's account or if the Company does not make satisfactory provisions to satisfy said Draft, which provisions must be approved in writing by an officer of the Bank. In the event that the Bank in its sole discretion, pays any Draft when there are not sufficient funds in the Company's account, the Company shall immediately reimburse the Bank for any overdraft created thereby. 6. Except as expressly provided in this paragraph, the Bank shall not be responsible for the validity of signatures, endorsements, dates, or amounts or the acceptance of stop payment orders relative to Drafts presented by the Bank under this Agreement. In obtaining acceptance and payment of any Draft from the Company, the Bank warrants to the Company that it has title to such Draft or is authorized to obtain acceptance and payment on behalf of one who has good title; provided, however that the Bank makes no warranty with respect to the signature of the drawer of any Draft. In the event any Draft paid by the Company is subsequently determined to bear an unauthorized signature, to have been altered or otherwise to be irregular, the Bank will take any action reasonably requested by the Company to enforce against prior parties (including prior collecting banks, endorsers and other holders) whatever rights the Company or the Bank may have against such prior parties, but the Bank shall not be responsible or liable to the Company with respect to any such signatures, alterations or irregularities and shall not be obligated to take any such action unless the Company shall first indemnify the Bank for all liabilities, costs and expenses (including reasonable attorneys' fees and legal expenses) which maybe entailed thereby or incurred by the Bank as a result thereof. 7. If any claim arises or is made against the Bank arising out of or connected with the Bank's receipt, handling or presentment of any Draft, the Company shall indemnify, defend and hold harmless the Bank from and against such claim and any and all liabilities, damages, losses, costs and expenses (including attorneys' fees) that the Bank may incur. Notwithstanding the foregoing, the Bank shall have no right to be indemnified for its own gross negligence or willful misconduct. Without limiting the generality of the foregoing, in the event that a court of competent jurisdiction determines, in any suit in which the Company is not a party adverse to the Bank, that the Bank is accountable for any Draft, the Company shall pay to the Bank the amount of such Draft plus interest and other costs and expenses (including attorneys' fees) expended in such suit. 8. The Bank shall exercise due care in performing its obligations hereunder. The Bank shall not be liable for any failure to perform or untimely performance of any of its obligations if such failure is due to equipment failure or malfunction or to any other cause beyond the Bank's reasonable control. In no event shall the Bank be liable for any special, indirect, incidental or consequential damages. Notwithstanding anything elsewhere in this Agreement to the contrary, in no event shall the Bank's liability to the Company for any claim arising out of or related to the subject matter of this Agreement, regardless of whether arising in contract, tort or otherwise, exceed the lesser of the Company's direct loss or the fees paid to the Bank by the Company pursuant to this Agreement during the twelve (12) months immediately preceding the event giving rise to such claim. 906 - 03/99 Page 2 of 3 9. This Agreement shall be effective on the date indicated below and shall continue in effect until terminated by either party. This Agreement may be terminated as to prospective transactions by the Company or by the Bank upon three (3) business days written notice to the other party. In such event, all the terms and conditions of this Agreement shall remain in force and effect as to Drafts received by the Bank prior to the effective date of such termination. 10. This Agreement: (i) constitutes the entire Agreement of the parties with respect to the subject matter hereof and may not be effectively amended except in writing, executed by both parties; (ii) shall be binding upon and inure to the benefit of the parties hereto and their successors and assigns; (iii) may not be assigned by the Company without the written consent of the Bank; and (iv) shall be governed by and construed in accordance with the laws of the State of Nebraska. 11. The Company shall compensate the Bank for its services in accordance with the proposed fee schedule as in effect from time to time. Such fee schedule maybe amended by the Bank from time to time upon 30 days notice. IN WITNESS WHEREOF, the parties have executed this Agreement as of _ 2004. FIRST NATIONAL BANK OF OMAHA BY: TITLE: COMPANY: BY: TITLE: 906 - 03/99 Page 3 of 3 Attachment For ELECTRONIC ACCESS SERVICES This Attachment for Electronic Access Services is made with reference to the General Agreement for Cash Management Services between First National Bank of Omaha and the undersigned customer. In this Attachment, "we" and "us" refer to First National Bank of Omaha and "you" refers to the customer. 1. We agree to provide our standard Electronic Access Services. The electronic access authorization levels supported for you will be as identified in our records. We will provide you, on request from time to time, with a listing of the access authorization levels we are supporting for you and the Relevant Accounts to which they are applicable. You may request us to -change - -- - those records at any time, so long as we have a reasonable opportunity to react after receiving your request. 2. You are responsible for obtaining and maintaining the hardware, software and encryption capability that you need to access our system. You understand that access requirements are subject to change from time to time. 3. We will issue the Company and User IDs that are necessary to use the services. You are responsible for maintaining adequate security and control over your IDs. You should request your IDs to be changed whenever any person with access to them transfers to a new assignment, leaves your employ or is no longer authorized to use the services on your behalf or if you believe that security of your IDs has been compromised. You understand that Electronic Access Services (including, but not limited, access to your account information) will be available to anyone who uses your ID. FIItST NATIONAL BANK CUSTOMER: OF OMAHA First Financial Services 201 N. 16~' Street Omaha, Nebraska 68102 By: (signature) Name: (please print) Title: Date: By: (signature) Name: (please print) Title: Date: 01396511.02 ELECTRONIC ACCESS AUTHORIZATION REQUEST In accordance with the Attachment for Electronic Access Services between the undersigned Customer and First National Bank of Omaha ("FNBO"), ID's will be issued to permit the following access to the accounts indicated below. If authorization is to be limited by account, a second access request form is required. Acct. Title: _ Acct. Number: Acct. Title: _ Acct. Number: Acct. Title: Acct. Number: Checking Loan. Access Authorization Name WH Ima a Ret Ima a BR ESP DDA ESP Loans Stops Wire WH Image = Wholesale Lockbox Image Access Ret Image = Retail Lockbox Image Access BR = Balance Reporting ESP = Electronic Statement Processing(Checking or Loans) Stops = Stop Payments (Stop payment agreement required) Wire = Wire Transfer* (Wire transfer agreement required) *If a wire transfer is requested in an electronic access session, FNBO's computer system will verify that the session was initiated via use of Customer's ID (the "Security Procedure"). The Security Procedure is not intended to detect errors in transmission or content. Any order that FNBO accepts in compliance with the Security Procedure shall be effective as the order of Customer, and Customer agrees to be bound by the same, whether or not authorized (and Customer's Funds Transfer Agreement shall be deemed amended accordingly). Different security procedures are available on request. By signing, Customer freely selects the Security Procedure. CUSTOMER: BY: TITLE: DATE: Checking Loan Checking Loan. 601 - 01/95 __. ____-, Page 1 of 1 01-396512.02 __ - __.. First National Bank ACCOUNT NUMBER ASSIGNMENT DDA Account Number - #110191207 Draft Account Number - #09104172 First National Bank of Omaha -Bank Routing Number #104000016 First National Bank BANK CONTACT PERSONNEL Lisa Jones -Client Representative, Cash Management Support Phone: (402) 633-2614 or 1-800-228-4411- Ext. 2614 Fax: (402) 633-2650 E-Mail crosupport ®,fnni.com Barry Gideon -Vice President Cash Management Sales Phone: (402) 633-2609 or 1-800-228-4411 Ext. 2609 Fax: (402) 633-3223 E-Mail b ideon(a~fnni.com First National Bank About Us In an industry characterized by mega-mergers and ever-changing marquees, First National Bank is proud to have a history and a name that dates back nearly 150 years. First National's rise to prominence as a leading banking institution continues to be driven by its well-established culture of providing personalized customer service and innovative, quality products. First National Bank is a division of First National of Nebraska, a multi-state holding company located in the heart of downtown Omaha. First National Bank has been serving Omaha and surrounding communities for more than 130 years. With nearly $13 billion in managed assets and over 7,000 employees, First National of Nebraska ranks as one of the largest bank holding companies west of the Mississippi River. First National of Nebraska serves over 6.6 million customers in a1150 states, with more than 50 banking locations in Nebraska, Colorado, Kansas, South Dakota and Texas. First National prides itself as one of the top S in-house merchant processors in the United States, a top 15 Visa and MasterCard issuer, a top 15 Visa and MasterCard processor, a top 20 processor of automated clearing house transactions and one of the 151argest providers of remittance processing services.