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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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.”
Two of the nation’s largest regional banking companies with subsidiaries in Nevada posted second-quarter earnings Thursday that topped Wall Street expectations.
Bank executives who oversee automatic teller machine operations in Las Vegas know that with new technologies, consumers are slowly shifting away from visiting local branches and relying on mobile or ATMs to meet their financial needs.
The Las Vegas region is tied for second when it comes to how much banks and credit unions charge customers for overdrawing their checking account, according to a survey by Moebs Services.
The Nevada Bankers Association has elected its new officers and board of directors for 2013-2014, the Las Vegas-based trade group said Monday.
With just 74 branches, U.S. Bank lacks the street-corner presence that its larger competitors — Wells Fargo & Co. and Bank of America Corp. — have in Nevada. But that’s all right with Lori Soren, whose strategy for the bank with $2.22 billion in local deposits includes mobile banking offerings, smarter ATMs and supermarket branches.
Huntington Capital is a boutique private equity firm with a successful track record of funding small and midsized businesses in the Southwest, including Nevada.
Nevada is expected to benefit economically from its first New Markets Tax Credit allocation. Clearinghouse CDFI, a Lake Forest, Calif.–based financial institution with an office in Las Vegas, recently received an $80 million allocation.
Nevada Attorney General Catherine Cortez Masto said a report released Wednesday by the monitor of the National Mortgage Settlement shows that more work needs to be done by the largest U.S. mortgage servicers, who are failing to comply with several key aspects of the settlement designed to regulate how struggling homeowners are treated.
Cathay General Bancorp said Tuesday it has opened its first branch in Las Vegas as the Asian-American bank continues to expand its branch network.
Will 2013 be the year we say farewell to free checking for good? It’s beginning to look that way with six months left.
NEW YORK — Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.
As more and more people use smartphones for everything from paying bills to making deposits and checking statements, banks are working to meet customer demands for faster and securer mobile options.
Plaza Bank has agreed to assume the deposits and buy the assets of a small bank in North Las Vegas, seized by federal regulators, the bank’s CEO and president confirmed Thursday.
An analysis of social media conversations found that consumers join credit unions because of better customer service, more credit and lower fees.