Banking on It - July 2002

Nevada Security Bank

New Headquarters Sign of Growth

Northern Nevada’s newest community financial institution, Nevada Security Bank, broke ground on a new banking branch and administrative headquarters in March 2002. The new building is located at the corner of Double R and South Meadows Parkway in southwest Reno. The bank opened its first branch in a temporary southwest Reno location in December of 2001 in the Double Diamond Town Center on South Meadows Parkway. A second branch was opened in March 2002 in Incline Village. Between the two locations, the bank currently employs 23 people. "Our customers value and desire a personal banking relationship, and our newest location will enable us to better serve them. Our mission is to provide quality service, efficient operations and personal attention to our customers’ needs," said Chairman of the Board Ed Allison.

Nevada Security Bank was developed by a group of prominent Reno and Incline Village business people committed to providing Northern Nevada with professional community banking institutions. As a local-based bank, it has a strong commitment to both the communities it serves. This is exemplified in its strategies and actions - products are tailored to the needs of the communities in which it operates, and all decisions are made in Northern Nevada. The bank provides general commercial banking services, primarily catering to businesses and professional concerns, as well as developers and individuals residing or doing business in Northern Nevada. As an independent bank, Nevada Security Bank emphasizes quality products and personalized customer service. Many of these products and services are exclusive to the bank and its customers. 

"We continually strive to find better ways to serve our customers’ needs by enhancing the products and services we offer, introducing innovative new products and establishing new offices for their banking convenience," said Allison. "Our dedication to our customers and our local touch is what differentiates us from other local banks."

Nevada Security Bank was incorporated in February of 2001 and opened with an initial capitalization of $14,058,300, consisting of 1,405,830 shares of $0.01 par value common stock held by approximately 400 shareholders of record.

President and CEO Hal Giomi, who resides in Zephyr Cove, has been in the banking business for 35 years. He formerly served as senior vice president/director of business development of Capital Valley Bank and as CEO/president/chairman of the board for Silverado Bank. Senior Executive Vice President Joseph Bourdeau is a longtime resident of Incline Village who has been in the banking industry for over 26 years. Most recently, Bourdeau served as vice president and sales manager for Nevada Banking Company. Prior to that, he worked for Valley Bank of Nevada for 17 years. Executive Vice President and Chief Credit Officer Bob Walter has been involved in banking in Nevada since 1985. He previously served with Bank of the West, Sierra West Bank, Bank of America and Valley Bank of Nevada. His lending background includes over 16 years of local experience, as well as nine years in Northern California. Executive Vice President and CFO Jack Buchold has 30 years of banking experience, primarily with independent community banks in the Central Valley of California. He has over 20 years’ experience, primarily with independent community banks in the Central Valley of California. Vice President Robin Orr has over 23 years of banking experience with First Security Bank, Nevada Banking Company, Bank of America and Valley Bank of Nevada. Orr will be heading up Nevada Security Bank’s operations for both the Reno and Incline Village branches.