Southern Hills Hospital Underway
Allan Stipe, president and CEO of Sunrise Hospital and Medical Center, Kenneth Armstrong, CEO of Southern Hills Hospital and Medical Center, and Mark Howard, CEO of Mountain View Hospital, were among the dignitaries at the “topping out” ceremony for Southern Hills Hospital and Medical Center in January. The occasion celebrated the completion of the building’s steel shell and achievement of its maximum height of five floors. The $140 million hospital, located on 40 acres in southwest Las Vegas, will provide accessible hospital-based care for the fast-growing area’s population, with 130 beds, including 106 private rooms, and a 30-bed emergency department. Hospital employees, along with employees from Southern Hills’ sister properties, Sunrise Hospital and Medical Center and MountainView Hospital, joined contractor Kitchell Construction for the ceremony. Southern Hills will open with four inpatient units: medical/surgical, intensive care, progressive care and women’s services. Patient services will include diagnostic imaging, maternal services, neonatal intensive care, nursery, surgery, endoscopy, cardiology, laboratory, pharmacy, dietary and physical therapy. The Southern Hills Medical Office Building will open concurrently with the hospital and will be connected to it with enclosed pedestrian corridors on the second and third levels.
Credit Union Announces Member Bonus
Las Vegas-based Clark County Credit Union (CCCU) distributed more than $3.75 million in January to its 31,300 members in the form of a bonus dividend from capital. This year’s bonus averaged $119 per member, with the highest single bonus totaling $20,300. Since 2000, CCCU has given nearly $10 million to its members, who include employees of Clark County, the cities of Las Vegas and Henderson, and the county’s medical community. The bonus dividend was the result of a 2.16 percent return on assets (ROA) in 2002, more than three times the average 0.70 percent ROA among its peers in the credit union industry. “It was a tough year economically, so we are especially excited to give a bonus to our members again,” said Wayne Tew, president and CEO of CCCU. Founded in Southern Nevada in 1951, CCCU has $340 million in assets, five branches and 25 ATM locations throughout the Las Vegas Valley.
Business Bank of Nevada Expands
Business Bank of Nevada is expanding once again in the Northern Nevada area by opening a loan production office (LPO) in the Gardnerville/Minden area in February. In October of last year, the bank began its expansion plans in Northern Nevada by opening an LPO in the Stateline area of Lake Tahoe. In Carson City, the bank has a 5,000-square-foot, full-service branch at College Parkway and Goni Road.
President and CEO John Guedry stated the bank is currently in the process of acquiring a piece of property to build a full-service branch in Minden/Gardnerville in the near future. The bank is also looking at other opportunities and market areas in both Northern and Southern Nevada to open additional LPOs, as well as satellite and larger full-service branches.
The bank’s new LPO will be limited to meeting with customers, accepting loan applications and consummating loan transactions. Other functions of the bank may be performed at this location, but will not directly involve receiving deposits, making withdrawals or handling cash. Depository transactions will continue to be handled out of the bank’s full-service branch in Carson City.
“The opening of our Minden and Stateline facilities clearly reflects Business Bank’s goal and desire to establish long-term relationships with both our customers and the communities we serve,” said Jerry Gregory, senior vice president and Northern Nevada regional manager for Business Bank. “We’re excited about servicing this growing market.”
Tuscany Casino Opens
The Tuscany All-Suites Hotel in Las Vegas opened its 60,000-square-foot casino to the public in mid-January. The $100 million hotel and casino is located on 27 acres on Flamingo Road just east of the Las Vegas Strip. The 716-suite hotel has been open since December 2001, and the property recently added 26,000 square feet of meeting space. It will eventually have 40,000 square feet of meeting and convention facilities, as well as a fast food court. The casino features 800 ticket-in, ticket-out (coinless) slot machines, eight table tables and a 24-hour coffee shop. Employees at the Tuscany, in both the hotel and casino, total approximately 650. The property is being developed by Charles Heers, a Las Vegas builder since 1953.