One effect of all the mergers and acquisitions in the banking industry during the past decade has been the proliferation of community banks, both in Nevada and across the country. According to congressional testimony given by former FDIC Acting Chairman Andrew C. Hove Jr., in 1998, 90 percent of the banks in the United States were community banks and they were being chartered … [Read more...] about Survival of the Fittest: Mergers and Acquisitions Build a Tough New Breed of Community Bank
Archives for October 2000
October 2000: Building Nevada Briefs
Clubhouse at Red Rock Country Club Nears Completion The 45,000 sq. ft. clubhouse at the Red Rock Country Club in Las Vegas will be completed in December, according to owner Sunrise Colony Company. Roel Construction is the general contractor for the project in Summerlin, at the far western edge of the city. The clubhouse will feature a formal dining room, three informal … [Read more...] about October 2000: Building Nevada Briefs
October 2000: Business Briefs
House2Home™ Test Marketed in Nevada Two House2Home™ stores opened in September in southern Nevada to market home furnishings in four broad categories: outdoor living, including patio, nursery and garden items; indoor living, including flooring, lighting and storage; home décor and accessories; and seasonal/holiday items. House2Home™ is an offshoot of HomeBase, Inc., a home … [Read more...] about October 2000: Business Briefs
October 2000: Business Indicators
The Federal Reserve has worked through word and action during the first half of 2000 to push the full range of interest rates upward, thereby attempting to trim the rate of growth and hopefully reduce the risk of future economic difficulty. Treasury bill rates under the tight rein of the Fed are up over year-ago levels, but the market-determined rates have not moved … [Read more...] about October 2000: Business Indicators
Whining or Winning: The Choice is Yours
What political issues really irritate you? Are you disgusted that people with money seem to win elections instead of people with principles? What issues do you think are being ignored by the government – fiscal responsibility, environmental threats, health issues, Social Security problems, or any number of other worthy causes? Do you wish the government would listen to what you … [Read more...] about Whining or Winning: The Choice is Yours
Show Me the Money…and the Benefits: Strategies for Hiring and Keeping Employees
Employee benefits packages with a simple medical plan are becoming a thing of the past. These days, getting top-notch people to sign on and stay with a company takes a little wooing and a lot of creativity. Some companies use cash bonuses to attract talented people. Other organizations tout fringe benefits such as wellness programs, flex time and on-site day care. The Nevada … [Read more...] about Show Me the Money…and the Benefits: Strategies for Hiring and Keeping Employees
October 2000: Face to Face
Name: Donald Giancursio Title: Vice president for sales, Managed Healthcare Division Company: Sierra Health Services, Inc., Las Vegas Type of Business: Nevada’s largest healthcare insurer. Sierra Health and Life and Health Plan of Nevada insure 200,000 members through HMO, PPO, individual and Medicare product lines. Years in Nevada: 7 Years with Company: 4 … [Read more...] about October 2000: Face to Face
Finding Their Niche: The State of HMOs in Nevada
HMOs (Health Maintenance Organizations) have been around for decades. During the 1920s, physicians worked with the railroads and with farmers' cooperatives. Over time, more HMO-type organizations cropped up, usually organized by businesses and community groups trying to make health care available to their workers and members at lower costs. In 1954, Individual Practice … [Read more...] about Finding Their Niche: The State of HMOs in Nevada
Voter Apathy: Who Pays the Price?
Apathy - it’s a disease that affects voters around election time. There’s not a lot of research as to the cause, but the results are evident: a very tiny percentage of the population ends up making choices for everyone else. Voter apathy is something that politicians and those who run elections have dealt with for years. In fact, often it is something they count on. These … [Read more...] about Voter Apathy: Who Pays the Price?
MacDonald Ranch: Family’s Vision Becomes Reality in Hillside Community
Few would mistake Nevada for Hawaii. Yet, a vision of homes dotting the hillsides of Las Vegas, similar to the way homes nestle into the lush hillside mountains in Hawaii, led the way to what would become MacDonald Highlands, a new luxury golf course community in the hills overlooking Green Valley Ranch. Although from Nevada, "Mac" and Frances MacDonald lived in Hawaii for … [Read more...] about MacDonald Ranch: Family’s Vision Becomes Reality in Hillside Community
Making It In Nevada: Growing Industrial Segment Contributes to Nevada Economy
Manufacturing runs the economy, in Nevada and around the developed world. If it isn't grown or mined, it has to be manufactured. If it's grown, it was grown with manufactured products. If it was mined, it was mined with manufactured products and the results were put into more manufactured products. Just look around you - that phone didn't grow from a beanstalk; your desk was … [Read more...] about Making It In Nevada: Growing Industrial Segment Contributes to Nevada Economy
Retiring Minds Want To Know: Quick-Start Retirement Tips for Baby Boomers
What can baby boomers who haven't saved enough -- or anything at all -- do to prepare for retirement? If you count yourself among the baby boomers who need to play catch up with their retirement savings, the Nevada Society of CPAs provides the following advice to get you started: Review the estimate of your projected social security benefits The Social Security … [Read more...] about Retiring Minds Want To Know: Quick-Start Retirement Tips for Baby Boomers
U.S. versus Microsoft: Bill Gates Faces Judgment Day
Experience has taught us that auto injury cases must be tried with the assumption that all jurors view themselves as experts because they all drive vehicles. The public (and professional) response to United States v. Microsoft Corp. D.D.C. No. 98-1232 (TPK) reflects a similar attitude. Because almost everyone uses Microsoft products, everyone seems to have an opinion on the … [Read more...] about U.S. versus Microsoft: Bill Gates Faces Judgment Day
Perseverance and Positive Attitude: Spell Success for MVP Sports
The Business: MVP Sports, a store that sells sports memorabilia and collectibles and does custom framing. It is located at 2580 S. Decatur Blvd. in the Sahara Pavilion South shopping center. The Players: Bill and Joyce Cheverino, a couple who grew up in Las Vegas and worked in the resort industry before deciding to start their own business. The Background: Joyce Cheverino … [Read more...] about Perseverance and Positive Attitude: Spell Success for MVP Sports
Internet Incubators: Myth vs. Reality
These days it seems that everyone wants to be a part of a business incubator or business accelerator (I’ll discuss the difference in a bit). Since 1980, the number of incubators has grown from 12 to over 850 today, with much of the recent growth occurring in Internet incubators. I know of at least seven incubators/accelerators planned or operating in Nevada. With all of the … [Read more...] about Internet Incubators: Myth vs. Reality