Latest Nevada Banking Industry Feature
Banking on Nevada: A New Decade is Dawning
By Jennifer Rachel Baumer
Originally published: https://www.nevadabusiness.com/2020/02/banking-on-nevada/
The economy and the banking industry mirror each other, and both are doing well in Nevada as the new decade begins.
“We have one of the best economies in the country as measured by employment growth and in-migration, all those key metrics that we watch so closely, those are really strong right now. That generally means that the banking industry’s going to do well. That’s right where we are,” said Terry Shirey, president, Nevada State Bank.
The banking industry in Nevada is experiencing good loan and deposit growth. Interest rates are somewhat challenging not just for the state, but throughout the U.S., said Shirey, but that’s a manageable challenge and not a factor inhibiting growth of the industry. “It’s just something we all need to work hard on, but the industry overall is very healthy.” [Read the Full Story]
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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