Bank of America Corp. on Wednesday said it reached a $300 million settlement of a lawsuit brought by lenders that helped finance construction of the failed Fontainebleau, which filed for bankruptcy protection in June 2009.
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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.
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.
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.
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.
Plaza Bank on Thursday posted a profitable fourth-quarter and 2013 as the regional bank continues to grow its loan, noninterest checking and money market accounts business in Southern Nevada.
The Clark County Credit Union in Las Vegas on Thursday reported $9.2 million in net income in 2013, an increase of 26 percent, compared with net income of $7.3 million the previous year.
The Target data breach has already cost credit unions in Nevada $89,760 in card reissuance and other expenses, according to figures released Wednesday by the Nevada and California Credit Union Leagues.
Citigroup Inc. is eliminating the last 220 jobs at its sprawling campus at the Lakes in Las Vegas, a spokeswoman for the financial services firm confirmed Tuesday. About 60 employees will work from home, Janis Tarter, a Citi spokeswoman, said.
Nevada small-businesses owners are more optimistic about the local economy than the national economy, a Nevada State Bank survey shows.
One Nevada Credit Union on Wednesday reported its second consecutive profitable year, as the state’s largest credit union continued to strengthen its balance sheet despite a sluggish economy.
Talmer Bancorp Inc., the company that recently acquired Bank of Las Vegas, now plans to become a public company.
As a private banker, Lee Pullan works with many high-net-worth individuals. Day to day, he manages existing clients, works on new credit requests and develops business across a product line that includes deposits, credits and investments.
Credit card issuers J.P. Morgan Chase, Wells Fargo and American Express won’t allow gamblers to use their credit or debit cards to deposit money into online gaming accounts. That goes for both online poker and sports betting in Nevada.
Southern Nevadans who shopped at Target during a credit and debit card data breach should be receiving new cards from their banks or credit unions.
With demand for their modestly priced classic cars growing, Michael Nicholl, owner of Classic & Collectable Cars Las Vegas, needed to find a new home large enough to display his eclectic inventory.
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.