The banking industry must constantly adapt to changes: in the economy, in the interest rate environment, in regulations, in online security and in political leadership. For many bankers, it’s a never-ending balancing act, and the coming months will again challenge their adaptability and resilience. Bankers constantly adjust their business model to account for interest … [Read more...] about Banking on Change
Heritage Bank of Nevada
Money 2024An Update on Financing in Nevada
The ability to get financing when needed is critical to most businesses. "The important thing to know is how vibrant Nevada is right now," said Bruce Ford, senior vice president, City National Bank. "Nevada is economically vibrant and we anticipate it will only grow more vibrant. This is a great time to be a business owner in Nevada." Approaching mid-year 2024, there's money … [Read more...] about Money 2024
Banking on NevadaHealthy Growth Post-Pandemic
"Overall, '22 was a strong year for earnings for the banking industry," said Terry Shirey, president and CEO of Nevada State Bank. "A lot of loan growth occurred, historic loan growth. We had very low interest rates when we started the year, very strong economic conditions and that really played out on bank balance sheets where we were able to do a lot of high-quality new loan … [Read more...] about Banking on Nevada
Healthy FinancesBanking on Nevada
Despite the ongoing changes and challenges brought by the coronavirus pandemic, the Nevada banking industry is in a much healthier place than it was after the Great Recession in 2008. Total assets of the 68 financial institutions in the state were $108.2 billion, according to recent statistics compiled by the Federal Deposit Insurance Corp. (FDIC). Banking executives … [Read more...] about Healthy Finances
Nevada Bankers AssociationSupporting Business. Supporting Communities
WHAT makes a community a community? From educators and law enforcement to medical professionals and retailers, every individual plays an important role to the success of the community. Banks play a key part in supporting the community as well. By providing loans, checking and savings accounts and a range of products and services, banks help create stable, prosperous … [Read more...] about Nevada Bankers Association
BankingLet the Good Times Roll
Mirroring the vibrancy of Nevada’s economy, the state’s banking industry is robust, expanding and expected to remain strong throughout 2019, experts said. “It’s a great time to be a bank in Nevada,” said Stan Wilmoth, president and CEO of Heritage Bank of Nevada. Loans and deposits at the Northern Nevada community bank increased about 8 to 10 percent last year, and Wilmoth … [Read more...] about Banking
Financial Foundations: Funding Commercial Real Estate in Nevada
Nevada’s commercial real estate industry is growing again. New projects are underway, both sales of existing buildings and those under construction. “We’re definitely seeing a large increase in our loan volume over the last several months,” said Debra Alexandre, president, Nevada State Development Corp. “It’s looking much better than it has since the recovery began. We’re … [Read more...] about Financial Foundations: Funding Commercial Real Estate in Nevada
S3 Development and Dickson Commercial Group Bring First Mix Use Development to Midtown
Construction is Underway Reno – S3 Development Company, LLC, a leading edge residential and commercial development company, and Dickson Commercial Group, a locally owned and operated, full-service commercial real estate brokerage firm, are bringing the first mixed use development project to Midtown District of Reno. 1401 Midtown is the name of the commercial part of the … [Read more...] about S3 Development and Dickson Commercial Group Bring First Mix Use Development to Midtown
Banking On Nevada: An Industry Still in Recovery
Nevada’s banking industry, which was hit hard during the recession, continues to see challenges today. Some bankers believe post-financial crisis regulations, rising interest rates and the popularity of mobile banking and other technology will continue to change their industry. Others believe China’s economic slowdown, Saudi Arabia’s worsening relations with Iran and an … [Read more...] about Banking On Nevada: An Industry Still in Recovery
Protecting Your Business
Whether dealing with intangible threats from a murky cyber world or those closer to home such as litigious employees, business owners need to be protected on a myriad of fronts. While many threats that businesses face today are not new, there is a growing faction of creative criminals looking to attack companies through electronic vulnerabilities. As part of the Business First … [Read more...] about Protecting Your Business
What is Your Personal Mission Statement?
“It is my mission in life to create wonderful long lasting personal relationships. To live with integrity, honesty & unconditional love; And to never lose sight of what is important; family.” Kathy O’Grady Watkins | Partner, Sutton Watkins Advertising & Marketing, Inc. “Make someone else’s life better by what you do.” Matthew T. Dushoff, Esq. | Shareholder Kolesar … [Read more...] about What is Your Personal Mission Statement?
The Lending Window is Open: Financing in Nevada
Owners of small and medium-sized companies in Nevada increasingly seek bank loans to finance their growth into new and expanding markets as the state’s remarkable economic rebound continues. The good news: As the recession slips farther into the past, many companies are beginning to show three, four or five years of the solid financial performance that bankers want to see … [Read more...] about The Lending Window is Open: Financing in Nevada
Nevada Real Estate & Development Report: June 2014
E Project, Industrial ADDRESS 124 S. 6th St., 89101 DETAILS The John E. Carson hotel is being renovated into a mixed-use development that will feature feature both retail and office spaces. Construction of the 19,000 SF space began in April of last year and is expected to be complete by July of this year. Tenants to the renovated space are expected to include Black Spade … [Read more...] about Nevada Real Estate & Development Report: June 2014
Wealth of Knowledge: Banking on Nevada
From federal budget challenges and Dodd-Frank to the housing market, borrowers’ shaky confidence and the state of the national economy, Nevada’s banking industry has its work cut out for it in 2013. While top executives remain cautiously optimistic, they are under no illusions about the challenges facing growth over the next 12 months. “I think we’re on the road to … [Read more...] about Wealth of Knowledge: Banking on Nevada