This page provides the latest feature content on the Nevada Banking Industry from Nevada Business Magazine, plus additional resources.
Latest Nevada Banking Industry Feature
Industry Focus: Bankers
Originally Published: https://nevadabusiness.com/2023/07/industry-focus-bankers-16/
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 discuss banking and the future of the industry.
Connie Brennan, publisher and CEO of Nevada Business Magazine, served as moderator for the event. These monthly roundtables bring together different industries to discuss issues and solutions.
Recent Nevada Banking Industry Features
Banking on Nevada: Healthy 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. [Read More]
Industry Focus: Bankers – September 2021
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. [Read More]
Healthy Finances: Banking 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. [Read More]
Industry Focus: Bankers
From Paycheck Protection Program (PPP) loans to overnight advances in contactless transactions, 2020 has been an interesting and challenging year for bankers. [Read More]
Banking on Nevada: A 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. [Read More]
Industry Focus: Bankers
One industry that is consistently at the forefront of any economic discussion is banking. From financing issues to community giving, bankers are involved in the Silver State at a micro level. [Read More]
Banking: Let the Good Times Roll
“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 expects a similar trend this year. [Read More]
The Business of Credit Unions: The “Own-Your-Own” Financing Institution
“Credit unions have a different structure and business model than banks do, but they’re still depository institutions, so safe and sound is still safe and sound,” said George Burns, commissioner, Nevada Financial Institutions Division (NFID).[Read More]
Industry Focus: Bankers
An industry that saw major changes and new regulations after the recession hit, banking has endured a host of ups and downs. Currently in an upswing, the industry is cautious and working toward smart growth. Recently, banking executives met at the Las Vegas offices of City National Bank to discuss banking and talk about some of the changes they’re seeing.[Read More]
Banking on Nevada: Stronger + in Recovery Mode
For City National Bank, 2016 was one of its best years since the economic downturn. Today, with $47 billion in assets, its financials are more robust overall, profitability is improved, topline revenues are increasing and its number of clients is up, said Scott Aney, Nevada regional executive. [Read More]
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. [Read More]
Banking On Nevada: An Industry Still in Recovery
Nevada’s banking industry, which was hit hard during the recession, continues to see challenges today. Some bankers believe post-financial crisis regulations, rising interest rates and the popularity of mobile banking and other technology will continue to change their industry. [Read More]
Banking In Nevada: Beginning to Flourish
This year, Las Vegas-based Ear Nose & Throat Consultants of Nevada obtained financing from City National Bank for ground-up construction of a 13,000-square-foot surgery center. [Read More]
Nevada Banking Industry Resources
Nevada Financial Institutions Division: The mission of the Financial Institutions Division is to maintain a financial institutions system for the citizens of Nevada that is safe and sound, protects consumers and defends the overall public interest, and promotes economic development through the efficient, effective and equitable licensing, examination and supervision of depository, fiduciary, and non-depository financial institutions.
Federal Reserve: Board of Governors of the Federal Reserve System