The banking industry is navigating headwinds on multiple fronts as institutions strive to preserve a culture of highly personalized and long-term strategic relationships with clients. From shifting election dynamics to overseas conflicts, Nevada's financial leaders are tasked with guiding clients through uncertain times while tackling the rise of sophisticated AI-driven fraud, … [Read more...] about Industry Focus
Terry Shirey
Banking On Nevada
To succeed in 2026, Nevada bankers will have to be expert multi-taskers. They must deal with the burden of government regulations while battling increasingly sophisticated fraud schemes. Predicting interest rates is a constant challenge. In addition, bankers must balance risk and reward with their lending policies and adapt to changes in what customers expect from … [Read more...] about Banking On Nevada
Industry FocusState Leadership
Nevada is in a unique position. While the Silver State has always boasted a business-friendly environment, tourism serves as the backbone of its economy. But, with recent reports of significant declines in Nevada’s tourism industry, which contributes significantly to the state's coffers, state leaders are working harder than ever to diversify Nevada’s economy. This … [Read more...] about Industry Focus
Industry FocusArts and Culture
The art and culture industry in Nevada is unique. In addition to what tourists may find in casinos, the Silver State has a myriad of museums, orchestras, art centers and more. When it comes to economic contribution, workforce development and the overall growth of the human condition, arts and culture in Nevada has been surging in recent years. Recently, a group of art and … [Read more...] about Industry Focus
Industry FocusBankers
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
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 NevadaThe Changing Landscape of Nevada’s Banking Industry
Over the last five years, the banking industry has seen significant changes, including the use of technology, client behavior and economic downturns. "The pandemic played the biggest role [in changing the industry], but some of the changes were already beginning to transpire," said David Navarro, Nevada regional president, Enterprise Bank & Trust. Flexible work … [Read more...] about Banking on Nevada
Last WordWhat is your favorite thing about Fall in Nevada?
Terry Shirey President and CEO Nevada State Bank “The Fall Season is a time to settle in with family and the comforts of home after a hectic summer. Weekends watching football, enjoying the great weather in the backyard and preparing for the holiday season.” Franchesca VanBuren CEO Insight Therapy Solutions “Fall in Vegas is the perfect time and … [Read more...] about Last Word
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
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
Last WordWhat are your hopes for the New Year?
Dr. Ali Nairizi Board Certified Interventional Pain Specialist and AnesthesiologistReno-Tahoe Pain Associates and United Pain Urgent Care “I hope the urgent pain care concept will become an accepted and integrated part of our healthcare system. It’s imperative that we address acute injuries upfront to reduce opioid misuse and abuse while removing the stigma associated … [Read more...] about Last Word
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
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Banking on NevadaA New Decade is Dawning
The economy and the banking industry mirror each other, and both are doing well in Nevada as the new decade begins. “We have one of the best economies in the country as measured by employment growth and in-migration, all those key metrics that we watch so closely, those are really strong right now. That generally means that the banking industry’s going to do … [Read more...] about Banking on Nevada
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