The Power of Reinvesting in Our Community

Reinvesting in your community sounds great, but how does one really put that into action?

If you’ve ever wondered if it matters where you deposit your hard-earned money, it does. Not only does banking locally support small businesses (community banks fund more than 60% of small business loans and more than 80% of ag loans), but as locally owned and operated businesses themselves, they are part of the economic engines that create 62 percent of new jobs annually. That’s powerful.

Community banks like Lexicon Bank take in deposits and distribute loans that feed into a self-sustaining micro-economy that keeps funds right here in Southern Nevada. It is all part of a symbiotic relationship that community banks have with their communities. And the proceeds from those businesses employ residents, fund municipalities, and continue the cycle of locally based economic growth.

If you need more proof just consider the community bank impact on local communities:

• Community banks outpace large banks in the average number of banks operating in both rural and urban markets by a 3:1 ratio.
• Community banks are preferred small business lenders, with an 81 percent net satisfaction score compared to 68 percent for large banks and just 43 percent for online lenders.
• Community banks operate in areas abandoned by others—serving as the only physical banking presence in nearly one in three U.S. counties.

But it’s not just about the numbers. When you reach out to Lexicon Bank, you’re connected with a knowledgeable team member who understands your needs and is empowered to take meaningful action.

And when our team members volunteer with our Community Spotlight partners—or when Lexicon Bank supports nonprofit projects and initiatives—we’re actively investing in the long-term prosperity of the community we proudly call home.

April is Community Banking Month, and we’re so grateful to our clients for trusting us with their banking needs. If you’re thinking about switching financial partners, we invite you to take a closer look at Lexicon Bank—where personalized service and your financial goals come first.

At Lexicon Bank, we’re committed to always putting relationships first—delivering the concierge-like service our clients expect and deserve.

Remember, we are all in this together. Community banks like Lexicon Bank are only successful if our customers and communities are, too. That’s why community banks and our relationship business model have thrived for more than 150 years. We know what it takes to create successful local economies. Join us in helping to build a more sustainable, vibrant economy here at home.