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Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.July 30
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Greater Nevada Credit Union, like a number of community banks, agreed to sell its Paycheck Protection Program loans to avoid having to navigate the complicated forgiveness process.July 15
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Member business lending growth has fluctuated in recent years but growth overall is slowing even as balances continue to rise. The long run of success could prove to be a problem when the economy finally turns south.November 14
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The Las Vegas-based institution reported that its net interest margin rose during the third quarter of 2019 as consumer loan balances increased.November 1
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The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t overreaching.October 9
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Credit unions have largely moved past their distrust of fintechs, but plenty of institutions still face challenges when it comes to finding the right vendors.August 22
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Credit unions not actively thinking about mergers are at risk of missing out, an industry expert warned at a recent conference.August 6
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With the loan-to-savings ratio at its highest point in four decades, some CUs have limited options to boost their funding.August 5
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The Las Vegas-based institution said its income for the first half of the year was down as it put more into its loan-loss provision.July 30
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CUs in both states surpassed total asset milestones, but many business lines are growing at a slower pace than they were one year ago.July 11
