Nevada’s Newly Chartered Community Bank Triples in Size in the Wake of the Payment Protection Program
Photo Credit: Lexicon Bank
LAS VEGAS, June 16, 2020—Lexicon Bank, Las Vegas’ newly chartered community bank, announced today the appointment of Hilary Nelson as its new Senior Vice President of Operations and Compliance. Ms. Nelson’s addition comes during a rapid period of growth within the Small Business Administration’s Paycheck Protection Program, and the bank’s unique position to assist hundreds of small businesses across the Las Vegas Valley.
As Lexicon Bank’s Senior Vice President of Operations and Compliance, Ms. Nelson will be responsible for leading and overseeing the Compliance, Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) Operations. Her immediate focus will be to ensure continuity among all areas of the bank regarding policies and procedures, along with the development, creation, and implementation of special projects. Additionally, she will manage and coordinate all federal and state examinations and audits.
With more than 15 years in banking compliance, Ms. Nelson has substantial BSA and operational experience and displays a strong knowledge of banking regulations with the ability to exceed business expectations.
”I’m very excited to join the Lexicon family with its exceptional base of employees, Board members, and clients,” said Ms. Nelson. “Being born and raised in Las Vegas, I feel it’s an honor to help Lexicon grow and help the local community get the personalized banking experience and support they deserve.”
Ms. Nelson is also an active leader in the Southern Nevada community. She is a long-time supporter of the Cheyenne Little League team, an active member of the Fraternity of the Desert Bighorn, and an active member in her church’s congregation.
”We are very excited to have Hilary join our team based on her many years of experience and leadership in compliance and operational efforts,” says Stacy Watkins, Lexicon Bank President. Her experience with small and regional-sized banks, knowledge of our market, and time spent within her respective positions will greatly support the operational needs and continued growth that Lexicon strives for. Hilary’s focus and tenacity will help us in our mission to support the Las Vegas community and get them back to business.”
Executive Profile
As a seasoned compliance manager, Hilary Nelson brings to Lexicon Bank over 15 years of experience in Compliance, BSA and AML Operations, with six years spent in management and nine years in an executive-level position.
Ms. Nelson displays a strong knowledge of banking regulations with the ability to explain the intricacies of the rules and regulations with ease. Her expertise and background in regulatory compliance is well-rounded, with proven success in directing regulatory change at Axxiome and Zions Bancorp. She will be an immediate contributor at Lexicon Bank, leading an efficient and strategic corporate compliance policy.
Key career highlights include:
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Created Axxiome Americas’ Regulatory Change Management Process and was responsible for monitoring and tracking all regulatory change
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Developed all regulatory compliance requirements for a new user interface system at Axxiome, and created detailed functional specifications for all regulatory compliance-related aspects of the system
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Worked closely with Zions Bancorp bank executives and middle-level management to ensure compliance related processes were understood and followed across its branches
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Oversaw the regulatory compliance management of Nevada State Bank and the Western regional banks in Nevada and California, and improved consistency among compliance policy and procedures and practices
Ms. Nelson has a bachelor’s degree in business management from Western Governors University, an advanced certificate in Compliance by the American Bankers Association, and a Regulatory Compliance Management Certificate with The American Institute of Banking.
Lexicon Bank is open in Tivoli Village at 330 S. Rampart Blvd., Suite 150. The bank is open from 9 a.m. to 5 p.m., Monday through Friday, and can be reached by phone at (702) 780-7700 or online at lexiconbank.com. As a consideration to client and staff safety during COVID-19, Lexicon is handling in-person essential service by appointment only at the bank. Online services are available 24/7 so you can bank seamlessly from anywhere.
ABOUT LEXICON BANK
Founded in 2019, Lexicon Bank is Nevada’s community-focused banking partner. Lexicon Bank provides private, personal, comprehensive banking services to business and personal banking customers, placing an emphasis on creating and nurturing a long-term relationship. By providing personalized services to all customers, Lexicon Bank can help to foster Southern Nevada’s economy and community – ultimately helping to grow the Las Vegas local business economy. The bank is redefining banking as it should be in the Las Vegas Valley and Southern Nevada by creating a private bank for small business no matter the size. Lexicon Bank is located in Tivoli Village at 330 S. Rampart Blvd., Suite 150. The bank is open from 9 a.m. to 5 p.m. and can be reached by phone at (702) 780-7700 or online at lexiconbank.com.
Media Contacts
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Brie Christian
Revenue Media Group
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