# EDGAR Filing Document

**Accession Number:** 0001259968
**File Stem:** 0001259968-23-000001
**Filing Date:** 2023-3
**Character Count:** 14876
**Document Hash:** 7f9d6efc03db9957dcf5cce9b4039c4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001259968-23-000001.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001259968-23-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230329

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNION BANK & TRUST CO /NE/
- **CENTRAL INDEX KEY:** 0001259968
- **IRS NUMBER:** 470321480
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-00596
- **FILM NUMBER:** 23771846

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 82535
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68501
- **BUSINESS PHONE:** 4023231619

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 82535
- **CITY:** LINCOLN
- **STATE:** NE
- **ZIP:** 68501

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001259968

**Filer CCC:** XXXXXXXX

**Contact Name:** Jay J. Steinacher

**Contact Phone:** 402-323-1529

**Contact Email:** jay.steinacher@ubt.com

**Notification Emails:** jay.steinacher@ubt.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** UNION BANK & TRUST CO /NE/

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** Yes

**C. IRS Employer Identification Number:** 47-0321480

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00618-00

- **Municipal Advisor:** SEC File No: 867-00596

- **Other:** Description: FDIC, ID: 13421

**Additional Registrations:**

- **Nebraska Department of Banking:** 2190

- **Municipal Securities Rulemaking Board:** K0322

**E. Principal Office and Place of Business:** 3400 Plantation Drive Suite 200, Attn: 529 Division, LINCOLN, NE, 68516

**Telephone Number:** 402-323-1529

**Mailing Address is Different from Principal Office:** No

**F. Website:** www.ubt.com

**G. Chief Compliance Officer (CCO):**

**Name:** Tanya Leigh Lebsock

**Titles:** Assistant VP of Investment & Trust Division Compliance

**Address:** 6811 South 27th Street, Lincoln, NE, 68512

**Phone Number:** 402-323-1700

**Email:** tanya.lebsock@ubt.com

**H. Business Affiliates:**

- **Name:** Farmers & Merchants Investment Inc.

  - **Issuing Agency:** Federal Reserve Bank of Kansas City

  - **Jurisdiction:** 

- **Name:** Union Equipment Finance, LLC

- **Name:** Union Park Place, LLC

- **Name:** UBT Development Company, LLC

- **Name:** First Northeast Bank of Nebraska

  - **Issuing Agency:** FDIC

  - **Jurisdiction:** 

- **Name:** North Central Bancorp, Inc.

  - **Issuing Agency:** FDIC

  - **Jurisdiction:** 

- **Name:** Nelnet Bank, Inc.

  - **Issuing Agency:** FDIC

  - **Jurisdiction:** 

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** NE

**D. Date of Organization:** 03-06-1917

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 464

**B. Municipal Advisory Activities - Employees:** 8

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 0

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 3

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
529 Plans
, 529 Plans

**I. Compensation Arrangements (Municipal Advisory):** 
Fixed Fees
Other
, Fixed Fees, Other

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** Yes

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Other

### Item 5: Other Business Activities

- **Trust Company:** Actively Engaged: Yes, Primary Business: —

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Investment Adviser, Banking/Thrift institution, Trust Company, Investment Adviser, Investment Adviser, Banking/Thrift institution, Insurance company or agency, Insurance company or agency, Insurance company or agency, Banking/Thrift institution, Banking/Thrift institution, Banking/Thrift institution

**Total Associated Persons:** 9

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** Yes

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** Yes

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** Yes

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** Yes

- **Recommend broker-dealers to clients?:** No

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** —

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** No

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** No

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                                 | Title/Status                | Date Acquired   | Ownership Code           | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Farmers & Merchants Investment Inc.  | Shareholder                 | 01-01-1980      | E - 75% or more          | Yes               |  |  |
| UBATCO - University of NE Foundation | Shareholder                 | 08-01-1996      | A - 5% but less than 10% | No                |  |  |
| Angela Lynn Muhleisen                | President & CEO             | 05-01-1996      | NA - less than 5%        | Yes               |  | 507850       |
| Michael Sullivan Dunlap              | Secretary                   | 05-01-1982      | NA - less than 5%        | Yes               |  | 000000000    |
| Leo Gregg Searcey                    | Senior Vice President       | 09-01-1995      | NA - less than 5%        | Yes               |  | 000000000    |
| Dana Frederick Falter                | Executive Vice President    | 11-01-2005      | NA - less than 5%        | Yes               |  | 000000000    |
| Jon Christopher Gross                | Senior Vice President       | 12-01-2005      | NA - less than 5%        | Yes               |  | 2161819      |
| Bradley Roy Crain                    | Senior Vice President & CFO | 10-01-2000      | NA - less than 5%        | Yes               |  | 000000000    |
| Tanya Leigh Lebsock                  | AVP Compliance Officer      | 10-01-2008      | NA - less than 5%        | No                |  | 4919055      |
| Tonn Mitchell Ostergard              | Director                    | 04-20-2019      | A - 5% but less than 10% | No                |  | 000000000    |
| Jason Daniel Muhleisen               | Executive Vice President    | 01-01-2021      | NA - less than 5%        | Yes               |  | 000000000    |
| Doris Jean Robertson                 | Executive Vice President    | 01-01-2021      | NA - less than 5%        | Yes               |  | 000000000    |
| Joshua Knoll Bright                  | Regional Market President   | 01-01-2021      | NA - less than 5%        | Yes               |  | 000000000    |
| Thomas John Weinandt                 | Regional Market President   | 01-01-2021      | NA - less than 5%        | Yes               |  | 000000000    |

### Schedule B: Indirect Owners

| Owning Entity                       | Name                    | Title/Status   | Date Acquired   | Ownership Code            | Control Person?   |
|:---|:---|:---|:---|:---|:---|
| Farmers & Merchants Investment Inc. | Angela Lynn Muhleisen   | President      | 05-01-1996      | C - 25% but less than 50% | Yes               |
| Farmers & Merchants Investment Inc. | Michael Sullivan Dunlap | Chairman       | 01-01-2012      | C - 25% but less than 50% | Yes               |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity                       | Name                                 | Title/Status                | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Farmers & Merchants Investment Inc.  | Shareholder                 | 01-01-1980      | E - 75% or more           | Yes               |  |  |
|  | Direct      |  | UBATCO - University of NE Foundation | Shareholder                 | 08-01-1996      | A - 5% but less than 10%  | No                |  |  |
|  | Direct      |  | Angela Lynn Muhleisen                | President & CEO             | 05-01-1996      | NA - less than 5%         | Yes               |  | 507850       |
|  | Direct      |  | Michael Sullivan Dunlap              | Secretary                   | 05-01-1982      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Leo Gregg Searcey                    | Senior Vice President       | 09-01-1995      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Dana Frederick Falter                | Executive Vice President    | 11-01-2005      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Jon Christopher Gross                | Senior Vice President       | 12-01-2005      | NA - less than 5%         | Yes               |  | 2161819      |
|  | Direct      |  | Bradley Roy Crain                    | Senior Vice President & CFO | 10-01-2000      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Tanya Leigh Lebsock                  | AVP Compliance Officer      | 10-01-2008      | NA - less than 5%         | No                |  | 4919055      |
|  | Direct      |  | Tonn Mitchell Ostergard              | Director                    | 04-20-2019      | A - 5% but less than 10%  | No                |  | 000000000    |
|  | Direct      |  | Jason Daniel Muhleisen               | Executive Vice President    | 01-01-2021      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Doris Jean Robertson                 | Executive Vice President    | 01-01-2021      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Joshua Knoll Bright                  | Regional Market President   | 01-01-2021      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Direct      |  | Thomas John Weinandt                 | Regional Market President   | 01-01-2021      | NA - less than 5%         | Yes               |  | 000000000    |
|  | Indirect    | Farmers & Merchants Investment Inc. | Angela Lynn Muhleisen                | President                   | 05-01-1996      | C - 25% but less than 50% | Yes               |  | 000000000    |
|  | Indirect    | Farmers & Merchants Investment Inc. | Michael Sullivan Dunlap              | Chairman                    | 01-01-2012      | C - 25% but less than 50% | Yes               |  | 000000000    |

### Execution Page

**Signature:** Jay J. Steinacher

**Signer Name:** Jay J. Steinacher

**Title:** 529 College Savings Group Manager

**Date:** 03-27-2023