There is a lot happening on the global stage that impacts the banking industry. From tariffs to rising costs, the world and local economy is changing, and many businesses are not sure if it is prudent to move forward or to wait and see what happens. In addition to an unsure economic forecast, bankers are grappling with a talent shortage as baby boomers are expected … [Read more...] about Industry Focus
Stacy Watkins
Industry FocusWorkforce
The workforce landscape in Nevada is changing. And while much of it is for the better, Nevada businesses are still grappling with a disconnect between their needs and the availability and skill level of applicants. Leadership in Nevada takes a collaborative approach and have resources to help recruit, train and retain the right people. Recently, a group of workforce … [Read more...] about Industry Focus
Banking on ChangeOutlook 2025
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
Industry FocusBankers
Keeping buried cash in the yard for a rainy day is a thing of the past. Today, consumers rely on banks to safely store their earnings. But what happens when banks fail? Although it seems impossible, it was not too long ago that news of the Silicone Valley Bank collapse had people panicking and wondering if grandpa had it right with cash hidden under the tomato plants. That, … [Read more...] about Industry Focus
Industry FocusBankers
From the recent COVID pandemic that resulted in a changed workforce, to rising interest rates and an overall lack of trust in the industry, bankers have had a front row seat to a dynamic market. These challenges have resulted in bankers becoming more focused and client centered. Recently, bankers met at a roundtable sponsored by City National Bank and held in Las Vegas to … [Read more...] about Industry Focus
Lexicon Bank Features the Nature Conservancy as Its April Community Spotlight
LAS VEGAS, April 4, 2023 – Lexicon Bank is proud to announce The Nature Conservancy (TNC) as its April Community Spotlight in celebration of Earth Month. The Bank is raising awareness for TNC, a leading environmental nonprofit organization, by highlighting its conservation efforts. The Bank hopes to inspire others to take action and make a positive impact in their local … [Read more...] about Lexicon Bank Features the Nature Conservancy as Its April Community Spotlight
Lexicon Bank Features Friendship Circle as Its March Community Spotlight
LAS VEGAS, March 1, 2023 – Lexicon Bank is proud to announce Friendship Circle of Las Vegas as its March Community Spotlight in celebration of National Developmental Disabilities Awareness Month. The Bank is championing their cause for a more inclusive community and is proud to sponsor the upcoming Walk4Friendship 5th annual fundraiser and walk on March 26th from 11 a.m. to 2 … [Read more...] about Lexicon Bank Features Friendship Circle as Its March Community Spotlight
Lexicon Bank Features the Springs Preserve as Its February Community Spotlight
Lexicon Bank is proud to announce The Springs Preserve as its February Community Spotlight in celebration of Black History Month. The Bank joins forces this month to advocate for the organization’s cause as well as raise awareness of its upcoming 14th Annual Black History Month Festival taking place on February 18th from 10 am to 4 pm. The Festival commemorates the tremendous … [Read more...] about Lexicon Bank Features the Springs Preserve as Its February Community Spotlight
Lexicon Bank Exits de Novo Status With Banner Year
Lexicon Bank, Las Vegas’s first community-chartered bank in more than a decade, announces the completion of its de novo period, a three-year timeframe of stringent supervision for newly established banks imposed by the Federal Deposit Insurance Corporation (FDIC). Launched just prior to the start of the pandemic, Lexicon Bank capitalized on its agile lending services and … [Read more...] about Lexicon Bank Exits de Novo Status With Banner Year
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
Lexicon Bank Spotlights Community Driven Non Profit, the Just One Project
LAS VEGAS, November 1, 2022--- Lexicon Bank announces The Just One Project as its November Community Spotlight. The Bank made a monetary donation and will be volunteering with the organization to help fund their mission of increasing access to healthy food and services to those in need across Southern Nevada. The Bank is also helping to drive awareness and the promotion of the … [Read more...] about Lexicon Bank Spotlights Community Driven Non Profit, the Just One Project
Industry FocusBankers
From the early, uncertain times of the pandemic to the hectic days of the Payroll Protection Program (PPP), Nevada bankers have seen massive shifts in the market and in their industry over the past few years. These shifts have made bankers agile and adaptable to their client’s needs. Recently, bankers met in a roundtable sponsored by City National Bank to discuss their industry … [Read more...] about Industry Focus
Industry FocusBankers
As the pandemic took its toll on businesses throughout Nevada, bankers were called upon to implement the Paycheck Protection Program (PPP), a loan program intended to provide American small businesses with cash flow. They did so efficiently while also overcoming new challenges to banking arising from a myriad of sources. Recently, bankers met in a virtual roundtable, hosted by … [Read more...] about Industry Focus
Industry FocusBankers
From Paycheck Protection Program (PPP) loans to overnight advances in contactless transactions, 2020 has been an interesting and challenging year for bankers. Now, as they try to navigate changing customer and business needs, bankers are pivoting their services and interactions to reflect those changes. Recently, banking executives met in a virtual roundtable to … [Read more...] about Industry Focus