The way in which a company is operated can have a dramatic
impact on the company's economic success.
Midland National is a member of the Sammons Financial Group, which is a group
of financial companies that share resources and services
for optimal efficiency and growth.
Unlike most financial companies, the Sammons Financial Group is a privately owned
organization that will eventually become fully employee-owned.
Its parent company, Sammons Enterprises Inc., of Dallas, Texas,
owns a variety of diversified businesses in addition to
financial companies and is one of the nation's strongest privately held companies.*
Years ago, the founder of Sammons Enterprises created an Employee Stock
Ownership Plan, whereby virtually every Sammons employee would become an owner
of the organization.
This translates into two main benefits for you:
Stability: Because of its unique ownership, Sammons is not
publicly traded. This means that we are not as susceptible to market
fluctuations as are publicly traded companies.
- Better Service: Whenever you talk to someone at the Sammons
Financial Group, you will most likely be talking to a shareholder of the company.
As shareholders, our employees have a stake in the company's success, and they
take your business seriously.
*Ranked No. 104 in the "Largest Private Companies" listing published in the November 2003 issue of Forbes Magazine.