Mangione retiring as chairman, CEO of Bank of Las Vegas
Tom Mangione, 60, who raised capital and led the organization of five community banks in Southern Nevada, is retiring as board chairman and chief executive officer of Bank of Las Vegas, the bank announced Tuesday.
Pete Atkinson, president and vice chairman of the $382 million asset bank, is expected to succeed Mangione who retires effective March 1.
"I don't expect this to impact the customers or the community investments of the bank in any way," Atkinson said.
Atkinson, previously chief executive officer of Black Mountain Community Bank, has been in Las Vegas banking for the last 18 years. He is past chairman of the Nevada Bankers Association.
Mangione oversaw organization of five banks for Capitol Bancorp of Lansing, Mich., and local investors starting in 1999. They included Bank of Las Vegas, Black Mountain Community Bank, Desert Community Bank, Red Rock Community Bank and 1st Commerce Bank.
A year ago, Capitol Bancorp consolidated all but 1st Commerce under the Bank of Las Vegas name. Black Mountain, however, was the largest and most profitable of the banks. Lawyer and businessman Jason Awad has agreed to acquire 1st Commerce from Capitol Bancorp, pending regulatory approval.
The four consolidated banks are headquartered at 1700 W. Horizon Ridge Parkway in Henderson.
Contact reporter John G. Edwards at jedwards@reviewjournal.com or 702-383-0420.
