Nevada’s Financial Institutions Division (FID) maintains and supervises Nevada’s banking industry. According to FID, the industry is growing stronger. Some of the positive indicators include loan concentrations – those concentrations that indicate what loan growth is, what loan activity is actually taking place, and whether individual banks have too large a concentration in … [Read more...] about Banking on Nevada: Nevada Financial Institutions by the Numbers
Las Vegas banking
Nevada’s high net worth households rank improving education programs as a top priority for the state
LAS VEGAS - The Private Bank by Nevada State Bank released the latest edition of its High Net Worth Report series today. Issue 2 of 2017 examines the education-related laws and issues that were considered during the recent session of the Nevada Legislature. This issue also includes a column by Clark County School District Superintendent Pat Skorkowsky about the things that make … [Read more...] about Nevada’s high net worth households rank improving education programs as a top priority for the state
Southern Nevada’s Go-To Business Banking Resource
At Bank of Nevada, we know what it takes to start, grow and maintain a thriving business in the Silver State. We’re a local business banking division supported by one of the top-performing banking companies in the U.S., which ranks #4 on the Forbes 2017 “Best Banks in America” list. You’ll enjoy a close relationship with Nevada business banking professionals, who offer … [Read more...] about Southern Nevada’s Go-To Business Banking Resource
Industry Focus: Bankers
As the Silver State continues to bounce back from the recent recession, Nevada banking continues to experience ups and downs throughout the recovery. Potential rising interest rates, regulatory changes and staffing issues remain a challenge to the industry. However, loan demand is up and bankers have expressed an optimism going forward. Banking executives recently met at the … [Read more...] about Industry Focus: Bankers
Nevada State Bank: Established in 1959
Nevada State Bank (NSB), the largest state-chartered bank in Nevada, has grown along with the state for nearly 55 years, succeeding despite the economic challenges that managed to defeat many other financial institutions. Today, it operates 50 branches in 20 communities across the state, and has over $4 billion in assets. Beginnings: 1959-1979 In the late 1950s, a group of 12 … [Read more...] about Nevada State Bank: Established in 1959
Banking on Nevada: A New Day Dawning
Banking doesn’t exist in a vacuum; the industry is affected by the economic environment which, in turn, can be directly affected by practices and realities within the banking industry. So it should be good news that Nevada bankers are feeling optimistic about 2014. The banking industry has stabilized, according to George E. Burns, commissioner, Nevada Financial Institutions … [Read more...] about Banking on Nevada: A New Day Dawning
Credit Unions in Nevada: They’re Coming Back
During the recession, Nevada’s Boulder Dam Credit Union (BDCU) moved from the black into the red, primarily due to loan losses, said President and CEO Eric Estes. It weathered the financial decline by shrinking assets and shares. After three and a half years in the doldrums, the credit union’s health began to turn around. BDCU now has been profitable for about 18 months, … [Read more...] about Credit Unions in Nevada: They’re Coming Back