January 29, 2015 8:12 AM ET


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





Key Executives for World's Foremost Bank

Chief Executive Officer and President
Age: 43
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Cabela's Incorporated
Age: 60
Vice President of Finance & Accounting
Compensation as of Fiscal Year 2014.

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.

Cabela's Incorporated and World’s Foremost Bank Announces Appointment of Donna M. Milrod to Board of Directors

Cabela's Incorporated announced that Donna M. Milrod has been appointed to its Board of Directors. Ms. Milrod has been the Chief Administrative Officer of The Depository Trust & Clearing Corporation (DTCC) since October 2012, with responsibilities for DTCC's finance, operations, regulatory relations, business continuity, vendor management, and security functions. Prior to joining DTCC, Ms. Milrod served as Deputy CEO of Deutsche Bank North America (DBA) from 2009 to October 2012. In addition, Ms. Milrod was head of Deutsche Bank's Regional Oversight & Strategy Group where she established DBA's Independent Control Office to enhance the company's control and governance infrastructure and oversee the day-to-day relationships with its numerous regulators. Ms. Milrod joined Deutsche Bank in September 1999 and held a number of other senior positions at the company, including Assistant Treasurer of the Americas. In addition to joining Cabela's Board, Ms. Milrod has been appointed to the Board of Directors of World's Foremost Bank.

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