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 Federal Savings Bank, a privately-held bank based in Chicago, has expanded into Las Vegas with the opening of its 11th loan production office nationwide.
There is good news for the Las Vegas economy, as the region is finally showing some moderate signs of life with balance sheets stabilizing and consumer confidence on the rise.
TMC Financing, a San Francisco-based certified development company, took a calculated risk six years ago and moved beyond its nine-county Bay Area region to set up shop in Las Vegas.
The Consumer Financial Protection Bureau will accept complaints from consumers about payday loan products.
The Small Business Administration’s stable of lending products has played a crucial role in giving local and regional community bankers opportunities to fund real estate deals or the expansion of local businesses during the economic recovery.
Some of the largest U.S. banks are lobbying against a proposed rule to increase the capital they hold against potential losses that would put them at a disadvantage against non-U.S. banks facing easier requirements.
One Nevada Credit Union on Wednesday posted net income for the first nine months of the year that topped $5 million as the Las Vegas-based credit union continues to set aside less for potential loan losses.
More companies in Las Vegas — including Starbucks, Wendy’s, Chipotle, Darden restaurants and MGM Resorts International — are offering their employees the option of being paid with payroll debit cards that are automatically loaded with money each pay period.
President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve appears headed toward a relatively easy confirmation, said a veteran bank executive who worked with the former business professor for almost four years.
Meadows Bank on Thursday posted third-quarter net income of $1.06 million, compared with $1.1 million in the same period last year.
Plaza Bank on Thursday reported third-quarter earnings that jumped 62 percent year-over-year.
While consumers at all income levels face challenges resulting from the continued roll out of the Patient Protection and Affordable Care Act, or ObamaCare, wealthier Nevadans are expected to experience some unique effects.
Zions Bancorp, parent of Nevada State Bank, on Monday posted third-quarter earnings that easily surpassed analyst expectations, as its loan portfolio expanded modestly amid consumer cautiousness.
There’s no denying that there are fewer community banks in Southern Nevada today than before the recession. Several of the survivors still operate under the watchful eye of the Federal Deposit Insurance Corp. and have changed their executive teams.
A recent spike in interest rates has caused a decline in refinancing activity, a drop-off that has curtailed a two-year refinancing wave that started in 2011 and led to the nation’s largest banks shedding thousands of mortgage jobs.
A Deutsche Bank unit has reached an $11.5 million settlement with the state’s attorney general to resolve a nearly two-year investigation into its role in funding subprime mortgage loans in Nevada.
Bank of Nevada, a subsidiary of Western Alliance Bancorp., on Thursday reported third-quarter net income of $16.3 million, compared with $12.7 million in the second quarter and $5.8 million in the same period last year.
City National Bank will be the first financial institution in Las Vegas to begin testing cardless ATMs, which allow customers to get cash using their smartphones.
Bank of Las Vegas is being sold to a Michigan bank holding company. Bank executives say the deal will recapitalize the struggling community lender and allow it to grow for the first time in three years.
Bank of George is one of seven financial institutions nationwide to be included in priced auctions of preferred stock as the U.S. Department of Treasury winds down its remaining Troubled Asset Relief Program bank investments.
Federal government employees that have been furloughed in Southern Nevada due to the ongoing government shutdown are being offered short-term, interest-free loans by several credit unions.
Federal banking regulators have terminated a consent order issued in September 2010 for First Security Bank of Nevada. At the time, the Las Vegas bank was recovering from losses on real estate loans that collapsed when the recession took hold.