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First National Bank of Omaha Brings Updates, Enhancements to State Farm® 529 Savings Plan

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Reduced costs, new investment options now available

Nebraska State Treasurer Don Stenberg today announced a series of
changes to the State Farm 529 Savings Plan (Plan). As a result of the
changes, First National Bank of Omaha, which has been the program
manager, now becomes distributor and servicing agent as well.

The State Farm 529 Savings Plan is one of four college savings plans
offered by the Nebraska Educational Savings Trust (NEST 529), Nebraska's
state-sponsored, tax-advantaged 529 college savings program. Treasurer
Stenberg is Trustee of NEST. The other plans are NEST Direct College
Savings Plan, NEST Advisor College Savings Plan, and TD Ameritrade 529
College Savings Plan.

Effective today, State Farm 529 Savings Plan updates include reduced
expenses for Plan participants, as well as new investment options and
underlying funds.

The Plan's investment options include the following:

  • Age-Based Investment Option. Includes allocations among equity,
    fixed income, and cash equivalent funds. Contributions are placed in a
    portfolio according to the child's age, with an asset allocation that
    best corresponds to the number of years until college. As the child
    gets close to college, the allocations become more conservative. The
    new expenses for Plan participants range from 0.57 percent to 0.61
    percent. Formerly they ranged from 0.81 percent to 1.28 percent.
  • Static Investment Options. All Equity, Growth, Moderate Growth,
    Balanced, Conservative, Money Market, and Bank Savings (FDIC-insured)
    options offer fixed allocations to underlying funds throughout the
    life of the investments. The new expenses for Plan participants range
    from 0.20 percent to 0.61 percent. Formerly expenses ranged from 0.38
    percent to 1.28 percent.

"These new options will help even more families maximize their savings
to prepare for the costs of higher education," Treasurer Stenberg said.
"We look forward to helping our account owners plan for the future
educational needs of their children and grandchildren."

"We are confident account owners will be pleased with the new 529 Plan
with lower prices, enhanced investments, and new rewards programs that
First National Bank brings to its new role with the State Farm 529
Savings Plan," said Deborah Goodkin, Managing Director, Savings Plans,
First National Bank of Omaha. "Affordable, tax advantaged, and with
diversified investment options, the updated Plan allows State Farm
registered agents to help customers make higher education attainable."

"We're excited about the opportunity to help families across America
with their education savings needs," said Lisa Stewart, Vice President –
Life, Health & Investment Planning Services, State Farm. "With the
partnership of First National and the State of Nebraska, State Farm
agents can help customers make those dreams a reality."

The changes will not affect the tax status of the State Farm 529 Savings
Plan and do not count towards the account owner's twice-a-year limit to
change investment options.

About State Farm

The mission of State Farm is to help people manage the risks of everyday
life, recover from the unexpected, and realize their dreams. State Farm
and its affiliates are the largest providers of auto and home insurance
in the United States. Its nearly 19,000 agents and nearly 65,000
employees serve more than 84 million policies and accounts – more than
81 million auto, fire, life, health and commercial policies and more
than 2 million bank accounts. Commercial
auto insurance
, along with coverage for rentersbusiness
owners
boats and motorcycles,
is available. State Farm Mutual Automobile Insurance Company is the
parent of the State Farm family of companies. State Farm is ranked No.
33 on the 2017 Fortune 500 list of largest companies. For more
information, please visit https://www.statefarm.com.

State Farm Bank®, Bloomington, Illinois, is a Member FDIC and
an Equal Housing Lender. Insurance, annuities and securities products
offered by affiliate companies of State Farm Bank are not FDIC insured,
are not guaranteed by State Farm Bank, and are subject to investment
risk, including possible loss of principal.

About NEST 529

NEST 529 is a tax-advantaged 529 college savings plan and provides four
plans to help make saving for college simple and affordable: State Farm
529 Savings Plan, NEST Direct College Savings Plan, NEST Advisor College
Savings Plan, and TD Ameritrade 529 College Savings Plan. The Nebraska
State Treasurer serves as Program Trustee. First National Bank of Omaha
serves as Program Manager, and all investments are approved by the
Nebraska Investment Council. Families nationwide are saving for college
using Nebraska's 529 College Savings Plans, which have more than 260,000
accounts, including 82,000 in Nebraska. Visit https://www.statefarm.com/finances/education-savings-plans
and treasurer.nebraska.gov for
more information.

About First National Bank of Omaha

First National Bank is a subsidiary of First National of Nebraska. First
National of Nebraska is the largest privately owned banking company in
the United States. First National and its affiliates have more than $21
billion in assets and 5,000 employee associates. Primary banking offices
are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota
and Texas.

An investor should consider the Plan's investment objectives, risks,
charges and expenses before investing. The Program Disclosure Statement
available at
www.statefarm.com
contains more information, and should be read carefully before
investing. AP2018/07/0910

Investors should consider before investing whether their or their
beneficiary's home state offers any state tax or other state benefits
such as financial aid, scholarship funds, and protection from creditors
that are only available for investments in such state's qualified
tuition program and should consult their tax advisor, attorney and/or
other advisor regarding their specific legal, investment or tax
situation.

State Farm VP Management Corp. is a separate entity from those State
Farm entities that provide banking and insurance products. Neither State
Farm nor its agents provide tax or legal advice.

Investments Are Not FDIC Insured* · No Bank, State or Federal
Guarantee · May Lose Value

*Except the Bank Savings Static
Investment Option

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