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. Total assets of the 68 financial institutions in the state were $108.2 billion, according to recent statistics compiled by the Federal Deposit Insurance Corp. (FDIC). Banking executives … [Read more...] about Healthy Finances
Terry Shirey
Temporarily Closed for BusinessNevada Versus COVID-19
Seemingly overnight the coronavirus (COVID-19) pandemic has swept through the world and changed every aspect of daily activity. From home-life and recreation to work and business operations, individuals everywhere have had to quickly learn to adapt to an unprecedented event. Working from home has been a trial by fire as businesses throughout Nevada closed their doors after … [Read more...] about Temporarily Closed for Business
Banking on NevadaA 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. “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 … [Read more...] about Banking on Nevada
BankingLet the Good Times Roll
Mirroring the vibrancy of Nevada’s economy, the state’s banking industry is robust, expanding and expected to remain strong throughout 2019, experts said. “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 … [Read more...] about Banking
The Las Vegas Metro Chamber of Commerce Installs 2019 Chairman of the Board Terry Shirey, President & Ceo of Nevada State Bank
LAS VEGAS – Terry Shirey, Nevada State Bank president and CEO, has been installed as the 2019 chairman of the board for the Las Vegas Metro Chamber of Commerce. The installation took place at the chamber’s annual State of the Chamber and Installation Luncheon held at The Cosmopolitan on Dec. 12. “I am honored to accept this position,” said Shirey. “The chamber’s work is … [Read more...] about The Las Vegas Metro Chamber of Commerce Installs 2019 Chairman of the Board Terry Shirey, President & Ceo of Nevada State Bank
Nevada State Bank Partners with UNLV Runnin’ Rebels Benefitting Make-A-Wish Southern Nevada
LAS VEGAS – For a third consecutive year, Nevada State Bank will sponsor Swish for a Wish, a partnership with the UNLV Runnin’ Rebels men’s basketball team to raise awareness and money for Make-A-Wish Southern Nevada. Starting with the first official home game on November 2 and throughout the 2018-2019 season, the bank will donate $20 for every free throw made by a Rebel, up … [Read more...] about Nevada State Bank Partners with UNLV Runnin’ Rebels Benefitting Make-A-Wish Southern Nevada
Nevada State Bank Sweeps State Contests for Second Year in a Row
LAS VEGAS – In 2018, Nevada State Bank repeated the extraordinary feat it accomplished last year – winning a top honor in the state’s three metropolitan areas: Las Vegas, Reno and Elko. “We are extremely proud that for a second year in a row our clients across Nevada have named us as their favorite bank,” said Terry Shirey, president and CEO of Nevada State Bank. “We’ve been … [Read more...] about Nevada State Bank Sweeps State Contests for Second Year in a Row
Nevada State Bank to Become Inaugural Presenting Sponsor for Wolf Pack Men’s Basketball
![Shirey_Terry 2017[1]](https://i2.wp.com/www.nevadabusiness.com/wp-content/uploads/2018/10/Shirey_Terry-20171.jpg?resize=150%2C150&ssl=1)
Longtime Nevada Wolf Pack Corporate Partner Expands University Relationship RENO – Nevada State Bank takes its corporate partnership with the Wolf Pack to a new level by becoming the first-ever Presenting Sponsor of Men’s Basketball as announced by Terry Shirey, President & CEO for Nevada State Bank and University of Nevada Director of Athletics Doug Knuth. On the … [Read more...] about Nevada State Bank to Become Inaugural Presenting Sponsor for Wolf Pack Men’s Basketball
Nevada State Bank Wins Gold in “Best of Reno” for a Second Year in a Row
RENO – For a second year in a row, Nevada State Bank was voted “Best Bank” in the “Best of Reno” contest presented by the Reno Gazette-Journal. Focusing on the Reno/Sparks area, Nevada State Bank took first place over all banks and credit unions. Winners of this competition are both nominated and voted on by local residents, making this honor all the more meaningful to the … [Read more...] about Nevada State Bank Wins Gold in “Best of Reno” for a Second Year in a Row
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. Connie Brennan, … [Read more...] about Industry Focus: Bankers
Nevada State Bank Promotes James Rensvold and Raine Shortridge to Senior Vice President
LAS VEGAS - Nevada State Bank has promoted James Rensvold to senior vice president, private banking manager and Raine Shortridge to senior vice president, professional banking manager. As manager, Rensvold leads The Private Bank by Nevada State Bank to serve the financial needs of high net worth and high-income clients, providing them with a full range of financial services … [Read more...] about Nevada State Bank Promotes James Rensvold and Raine Shortridge to Senior Vice President
Banking on Nevada: Nevada Financial Institutions by the Numbers
Nevada’s Financial Institutions Division (FID) maintains and supervises Nevada’s banking industry. According to FID, the industry is growing stronger. Some of the positive indicators include loan concentrations – those concentrations that indicate what loan growth is, what loan activity is actually taking place, and whether individual banks have too large a concentration in … [Read more...] about Banking on Nevada: Nevada Financial Institutions by the Numbers
Nevada State Bank Wins Best of Las Vegas, Sweeping State Contests
LAS VEGAS – Being named the best bank in any city is an honor, but in 2017 Nevada State Bank has accomplished the extraordinary feat of winning a top honor in the state’s three metropolitan areas: Las Vegas, Reno and Elko. “We are extremely proud that clients across the state of Nevada have named us as their favorite bank,” said President and CEO Terry Shirey. “We’ve been … [Read more...] about Nevada State Bank Wins Best of Las Vegas, Sweeping State Contests
Industry Focus: Bankers
As the economy continues to improve in the Silver State, the banking industry is seeing an uptick in growth. However, there are still challenges for an industry with substantial regulations and bankers are working to navigate those challenges. Banking executives recently met in the Las Vegas offices of City National Bank to discuss the health of the industry and what Nevadans … [Read more...] about Industry Focus: Bankers
Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
77 percent of respondents feel optimistic, compared to 61.5 percent in prior year LAS VEGAS – A recent survey found that small business owners throughout Nevada are increasingly bullish about the coming year, with 68.9 percent believing the U.S. economy is headed in the right direction and 77 percent believing Nevada’s economy is headed in the right direction. The … [Read more...] about Nevada Small Businesses Report Growing Confidence In The State’s Economy, Nevada State Bank Survey Finds
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. In fact, in December, executives signed a 10-year lease extension for City National’s … [Read more...] about Banking on Nevada: Stronger + in Recovery Mode
Nevada State Bank Promotes Micah Phillips to Executive Vice President, Marketing Director
LAS VEGAS – Nevada State Bank announced that Micah Phillips is joining the bank’s executive management team as executive vice president, marketing director. In July 2015, Phillips was promoted to the position of senior vice president, marketing director. In this role, he has been responsible for the bank’s marketing and communications teams, as well as continued oversight of … [Read more...] about Nevada State Bank Promotes Micah Phillips to Executive Vice President, Marketing Director
Nevada State Bank, as Part of Zions Bancorporation, Receives 31 Greenwich Banking Excellence Awards
LAS VEGAS — Nevada State Bank, as part of Zions Bancorporation (NASDAQ: ZION), was recognized with 31 Greenwich Excellence Awards for the year ended 2015, the highest number of awards won by any bank in the United States and the most ever received by Zions. The survey is conducted by Greenwich Associates for excellence among the nation’s top banks for both small business and … [Read more...] about Nevada State Bank, as Part of Zions Bancorporation, Receives 31 Greenwich Banking Excellence Awards
What has been your most memorable milestone in business?
“The most memorable milestone in my career was contributing to the rebranding of Desert Passage to Miracle Mile Shops in 2007 and offering customers a fresh look with new stores, restaurants and entertainment experiences.” Wendy Albert | Senior Director of Marketing, Miracle Mile Shops “We were awarded the contract at the Springs Preserve in March of 2014. The last two years … [Read more...] about What has been your most memorable milestone in business?
Army Veteran Selected for Heroes Hand Up House
Dillon Erickson bringing his family home for Christmas LAS VEGAS –Army veteran Dillon Erickson and his family will receive the ultimate holiday gift this year from Northern Nevada Veterans Coalition, through the donations of Nevada State Bank and the Harmon’s Heroes Foundation. Erickson will officially receive the keys to the Heroes Hand Up House on December 22, 2015 in a 1 … [Read more...] about Army Veteran Selected for Heroes Hand Up House