Bank Receives Permission to Organize
Service1st Bank of Nevada has received “Permission to Organize” by the State of Nevada Financial Institutions Division. This step in the formation process allows bank organizers to accept stock subscriptions. Service1st expects to raise initial capital of $50 million, making it Nevada’s first “super-start-up bank.” The stock will be sold through private placement to between 200 and 300 Nevada shareholders with a minimum subscription of $100,000. John Dedolph, Chairman and Chief Executive Officer, was the former CEO of Las Vegas based Sun State Bank. Other officers involved in the formation of Service1st include: Stuart Olson, President; Patricial Ochal, Executive Vice President and Chief Financial Officer; and David Jones, Executive Vice President. All three individuals were formerly with Nevada First Bank. The bank will open in January with one branch and a lending center located in Las Vegas at Centra Point, on the northeast corner of Durango Boulevard and Sunset Road.
Northern Nevada Medical Center Expands
Northern Nevada Medical Center is expanding into the community of Spanish Springs in Sparks, with its Northern Nevada Diagnostic Center planned to open in summer 2007. The center will be located in a medical office building on the southeast corner of Los Altos Parkway and Ion Drive just across from the new Miguel Sepulveda Elementary School. The facility will be the first of three 20,000-square-foot physician-owned buildings planned for the 5.6-acre site. Northern Nevada Diagnostic Center will offer outpatient diagnostics including X-rays, CT scans, MRIs, ultrasounds and digital mammography. Moody Weiske Contractors of Reno will begin construction on the first medical office building in early January 2007.
New People Mover Planned for McCarran
The Surveying and Geomatics group at Stantec’s Las Vegas office will assist Bombardier in the construction of a people mover that will eventually connect the D concourse at McCarran International Airport to the new T3 terminal via a 1,100-foot-long underground tunnel. For this project, Stantec will use a new three-dimensional laser scanning system, which company officials said is a much faster process than more conventional methods. The laser scan will produce a three-dimensional map of the core as-built tunnel, while also recording necessary data, capturing images at 16 different points on the full 360-degree radius inside the tunnel at 2.5-foot intervals. This new technology will allow the task to be completed in as little as three days, rather than the estimated six weeks it would take otherwise. Bombardier engineers will use Stantec’s data when they pour concrete for the people mover’s running pads and install steel guidebeams and other equipment.
Ford Motor Credit Expands Henderson Operation
Ford Motor Credit Company recently announced it will expand its operations in Henderson. The Henderson facility, which currently employs more than 500 people, will occupy nearly 20,000 square feet at an additional location in southwest Henderson, bordering the city of Las Vegas. The new office will accommodate more than 300 employees. In addition to loan servicing, which is currently handled at the Henderson facility, the expansion will also focus on additional business services, including originations, dealer credit and wholesale operations. The expansion efforts will allow Ford Motor Credit to serve as the company’s primary financial services hub to customers throughout the entire western region of the United States.
Ely School Develops Biomass Project
The David E. Norman Elementary School in Ely will receive the Nevada Renewable Energy and Energy Conservation Task Force’s 2006 public sector Renewable Energy And Conservation Honors (REACH) Award for outstanding contributions to renewable energy and energy conservation in Nevada. The school’s biomass boiler project uses approximately 150 tons of wood chips per year to heat the school building. It was part of a $3.4 million energy retrofit project completed by APS Energy Services and made possible through the Fuels for Schools program. The retrofit will generate an annual savings of approximately $460,000 for the White Pine County School District. The biomass boiler is the first Fuels for Schools project in Nevada and will be used to host tours and educate students and visitors about alternative fuels and forestry health.
