One of Southern Nevada’s largest regional banks on Thursday announced second-quarter earnings, reporting a 12 increase in net income.
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The newly released “High Net Worth Report” by the Private Bank of Nevada State Bank, drawing up the BLS Time Use Survey, found higher income individuals get about eight hours and six minutes of sleep each night — about 3.3 percent less than the lower income set.
For Dallas Haun, the economic indicators at his bank are showing that the Southern Nevada market is creeping out of the doldrums and slowly picking up momentum.
George Smith, market president for Bank of America Nevada, oversees companies who bring in a serious chunk of change.
Anna Martini, president of Montreal-based fashion retailer Dynamite, said she hopes the Las Vegas store, which opened May 1 at Fashion Show mall, will be the 30-year-old company’s flagship location.
A tall blue box tucked in the rear of The D casino in downtown Las Vegas could soon shake up the gambling industry. That’s the hope of Derek Stevens and Jordan Kelley, who met Wednesday as they prepared to launch the first Bitcoin ATM in a casino.
Should an economic collapse ever ruin the U.S. dollar, you could still shop for your cataclysmic needs at the Zombie Apocalypse Store. Behind the door protected by wrought-iron bars and near a couple of machetes, black and orange signs read: “Bitcoin accepted here.”
Meadows Bank on Monday reported first-quarter net income of $1.262 million, compared with $335,000 in the same period last year.
Southern Nevada’s credit freeze is thawing, and that means better times for small businesses that need financing. It’s also a boost for the region’s economy, because smaller companies employ most of the local workforce and help spur spending in every industry.
Nevada State Bank, a subsidiary of Zions Bancorp., on Friday reported loan growth of $33.1 million for the first quarter of 2014. The bank’s year-over-year loan growth was $233.9 million, and the company posted a net income of $2.3 million. That extended a positive trend of quarterly earnings since 2010, according to a news release.
First-quarter earnings reported this week have offered varying results for a trio of Southern Nevada’s biggest regional banks.
Zions Bancorp, the parent company of Nevada State Bank, reported that its first quarter earnings fell about 8.6 percent in 2014, as the company worked to meet Federal Reserve stress test standards.
Banker John Guedry’s speech on Wednesday marked the first of what he expected to be many talks with business leaders across the valley through November about a proposed 2 percent margins tax on business that would be earmarked for education.
Technology such as video conferencing is forcing a redesigned blueprint at financial insitutions across the country and throughout Southern Nevada. Tellers are stepping from behind the counter. Even the line at the drive-up window is shorter.
Zions Bancorp, parent company of Nevada State Bank, is alone among 30 major banks to fail a “stress test” by the Federal Reserve.
The Las Vegas Business Press’ Rising Stars of Business Class of 2014 is a tenacious group. Many started on the ground level, climbing the ranks quickly. And as our honorees approach the pinnacle of their careers, they don’t hesitate to help others achieve their goals. Philanthropy and education are common extracurriculars for these professionals.
A less-than-perfect credit score is no longer an obstacle to buying a single-family home or townhouse in Southern Nevada.
Table game provider Galaxy Gaming said it settled its legal issues with Bank of America over a disputed business loan.
For marijuana dispensaries lining up to do business in Southern Nevada, paying your employees in cash is difficult and comes with lots of complications. But, financial institutions will not do business with marijuana firms, even in states where it has been approved.
While tax-exempt, high-yield municipal bonds were all the rage after 2008’s economic collapse, they have since lost some of their appeal for investors. Some bond indexes reported their worst performances since 1994.
Credit union loan growth in Nevada is in positive territory for the first time since 2007, posting a 0.6 percent increase, according to a report released Friday.
Federal regulators have terminated a consent order issued in January 2011 for Bank of George. At the time, the Las Vegas-based bank was dealing with loan losses resulting from commercial real estate loans that soured during the recession.
While there are risks to the economy locally and nationally, the fundamentals behind the recovery are good and have improved tremendously over the last few years, according to an economist with Beacon Economics.
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