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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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.
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.
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 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.
The chairman of City National Corp. is stepping down and passing the torch to his son. Bram Goldsmith will become chairman emeritus on Tuesday, the bank holding company announced.
Citigroup Inc. will eliminate 760 jobs in its Las Vegas mortgage unit through layoffs starting in December, the company announced Monday. The cuts will eliminate more than two-thirds of the mortgage unit staff based at 8725 W. Sahara Ave. Work will end for most on Dec. 20.
With the long-ailing Las Vegas economy finally in a sustained recovery, Clark County Credit Union has re-emerged as a profitable financial institution after shedding branches and nonperforming loans, as well as investing in technology.
First Security Bank of Nevada said its net income for the second quarter increased by 583 percent over the same period last year because of strong loan growth.
WASHINGTON — A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases. He said the Federal Reserve didn’t have the authority to set the limit the way it did in 2011, improperly including data that made the cap too high.
As a 17-year-old senior at Chaparral High School, Johanna Blake took a part-time job as a teller with Bank of America. What the Las Vegas native couldn’t imagine was that two decades later, she would be a senior executive with the same company.
Silver State Schools Credit Union posted second-quarter net income of $7.48 million and year-to-date income of $8.65 million.
Nevada State Bank, a subsidiary of Zions Bancorp, on Thursday reported net earnings of $11.6 million for the first six months of 2013, compared with $11.3 million for the same period last year.
After a four-month search for a new chief executive, Bank of George said Tuesday it has promoted T. Ryan Sullivan to president and CEO of the Las Vegas-based community bank.
Zions Bancorp, parent company of Nevada State Bank, posted second-quarter earnings Monday that missed Wall Street expectations, as the company’s expenses and total loans increased.
Credit unions first earned their tax-exempt status in 1934 with the passage of the Federal Credit Union Act. The act granted the exemption because “credit unions are mutual or cooperative organizations operated entirely by and for their members.”