LAS VEGAS – Nevada State Bank, through a partnership with the Federal Home Loan Bank of San Francisco, awarded a $1.5 million grant to the Salvation Army. Nevada State Bank will administer the funds which are the largest amount awarded by the FHLBank San Francisco.
Salvation Army’s Operation Smart Start program will use the funds to preserve and renovate a 20-year-old rehabilitation center in North Las Vegas that primarily serves the homeless and people with disabilities and other special needs. A key component of the project is expansion of some public areas to enable better outreach to the community and facilitate providing assistance to the general homeless population.
“Nevada State Bank is thrilled to help the Salvation Army continue to provide valuable resources to the community,” said Drew Zidzik, senior vice president and community relations manager for Nevada State Bank. “This renovation project will not only help those served by the Salvation Army, but it will also create jobs, increase construction and consumer spending and generate new tax revenues in southern Nevada.”
The grant was given to FHLBank San Francisco member bank, Nevada State Bank, as part of its 2013 Affordable Housing Program funding competition. The grant will allow Nevada State Bank together with the FHLBank San Francisco and community housing sponsors to help create affordable housing for many low income households in the community.
About Nevada State Bank (@nevadastatebank)
Nevada State Bank, with assets of more than $4.0 billion, is the largest state-chartered bank in Nevada. A full-service bank with 50 branches statewide, Nevada State Bank offers a complete range of consumer, private and business banking services. It is a subsidiary of Salt Lake City-based Zions Bancorporation (Nasdaq: ZION), one of the nation's premier financial services companies. With affiliates in 10 Western and Southwestern states, 140-year-old Zions Bancorporation has assets of $55.2 billion. For more information on Nevada State Bank, call 702.383.0009 or access www.nsbank.com.