Las Vegas-based Meadows Bank on Tuesday reported that its total assets topped $500 million for the first time in its seven-year history at the end of the third quarter on Sept. 30.
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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.
Nevada’s locally chartered banks had the highest loan growth rate in the eight-state Rocky Mountain region in 2013, a report by the Hovde Group, a consulting firm, shows.
Zappos’ former Henderson headquarters welcomed Nevada’s governor, local economic officials and politicians as it rolled out the red carpet Thursday for a British banking company that expects to hire hundreds of employees this year.
Barclaycard U.S., the payments business of Barclays, will open a new customer service center Thursday in Henderson.
Talmer Bancorp Inc., parent company of Bank of Las Vegas, priced its initial public offering of common shares between $12.50 and $14.40. The price values the company at up to $1 billion.
Meadows Bank on Monday attributed its profitable 2013 to Nevada’s improving economy as the community bank benefits financially from its focus on Small Business Administration loans as well as other financial services.
First Security Bank of Nevada on Thursday cited double-digit loan growth last year as one of the reasons for breaking the $1 million mark in net earnings for 2013. The Las Vegas-based business bank said net income last year was $1.01 million, up from $420,000 in 2012.
Nevada State Bank on Wednesday reported net income for 2013 of $18.8 million, a 14 percent decline from the $21.8 million it reported for 2012. The Las Vegas-based bank also posted fourth quarter earning of $2.1 million, compared with $4.5 million last year.
Silver State Schools Credit Union on Monday reported its seventh consecutive quarterly profit, as consistent results helped the Las Vegas-based credit union turn a corner and post its first profitable year in three years.
Zions Bancorp, parent of Nevada State Bank, Monday on reported a fourth-quarter loss of $59.4 million, or 32 cents per share, compared to a profit of $35.61 million, or 19 cents per share, in the same period last year.
Two of Southern Nevada’s largest regional banks reported earnings increases for 2013, while a third financial institution expects to report a quarterly loss Monday because of fallout from the Volcker Rule.
Washington Federal Inc.’s acquisition of 23 Bank of America branches in Nevada and Arizona is the Seattle-based bank’s second deal with the nation’s second largest-bank in the last six months.