Bank of Nevada launches corporate-banking unit
Bank of Nevada has launched a corporate banking division to provide financial services to middle market companies with annual revenues of $25 million to $500 million, John Guedry, president and chief operating officer, said Thursday.
Bill Paredes, executive vice president, and Vince Telles, senior vice president, will head up the new division.
In a statement, Guedry said the division will provide treasury management and credit facilities to companies in specific industries, such as gaming.
“We are excited to offer these specialized services to commercial business,” Guedry said.
Bank of Nevada, which is an affiliate of Western Alliance Bancorp in Phoenix, has assets of $2.8 billion and operates 11 offices in Las Vegas, Henderson, North Las Vegas and Mesquite.