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February 06, 2016 6:59 AM ET

Banks

Company Overview of World's Foremost Bank

Company Overview

World's Foremost Bank manages and administers credit card business. It offers credit card through inbound telemarketing, retail locations, catalogs, and the Internet. The company was founded in 2001 and is based in Lincoln, Nebraska. World's Foremost Bank operates as a subsidiary of Cabela's Incorporated.

4800 NW 1st Street

Suite 300

Lincoln, NE 68521

United States

Founded in 2001

Phone:

800-552-7963

Fax:

402-323-4303

Key Executives for World's Foremost Bank

Chief Executive Officer and President
Age: 44
Chief Financial Officer, Chief Marketing Officer, and Treasurer
Chief Operating Officer, Secretary and Director
Chief Executive Officer of Cabela's Incorporated
Age: 61
Vice President of Finance and Accounting
Compensation as of Fiscal Year 2015.

World's Foremost Bank Key Developments

The Federal Deposit Insurance Corp. Terminates Consent Order against World's Foremost Bank

The Federal Deposit Insurance Corp. announced that it has terminated a consent order against World's Foremost Bank, credit card bank operation set up by the outdoor outfitter Cabela's. The original order in March required World's Foremost Bank to pay a $1 million penalty and restitution to about 1.8 million cardholders for what the FDIC said were deceptive and unfair acts. The bank agreed to the sanctions but did not admit or deny the violations.

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