BANKING NEWS
News & Insights
Lexicon Bank is proud to serve as a local, regional and national thought leader in community banking for Southern Nevada and amplify the unique needs of small businesses across the Valley.
Featured News
Lexicon Bank announced today that it has received three Gold Awards, including Best Bank, in the Las Vegas Review-Journal’s 2023 Best of Las Vegas Reader’s Poll. In addition, the local business bank was named this year’s Gold Award winner for Best Commercial Banking and Best Commercial Lending.
Lexicon Bank is proud to announce that Special Olympics Nevada (SONV) has been selected as the May Community Spotlight and that the bank will be sponsoring the upcoming 2023 Southern Nevada Spring Games. See full press release.
Lexicon Bank is proud to announce The Nature Conservancy (TNC) as its April Community Spotlight in celebration of Earth Month. The Bank is raising awareness for TNC, a leading environmental nonprofit organization, by highlighting its conservation efforts. The Bank hopes to inspire others to take action and make a positive impact in their local community and beyond. See full press release.
Lexicon Bank’s Chairman of the Board, Russell Rosenblum addresses the recent market conditions. See full letter.
Good business isn’t just turning profits; it’s also about being a force for good in the community. Hear from Lexicon Bank’s President & CEO Stacy Watkins in her guest column in the Las Vegas Weekly. See full article.
Lexicon Bank is proud to announce Friendship Circle of Las Vegas as its March Community Spotlight in celebration of National Developmental Disabilities Awareness Month. The Bank is championing their cause for a more inclusive community and is proud to sponsor the upcoming Walk4Friendship 5th annual fundraiser and walk on March 26th from 11 a.m. to 2 p.m. See full press release.
Lexicon Bank, Las Vegas’s first community-chartered bank in over a decade, was named the 2022 STAR Award recipient by the U.S. Small Business Administration (SBA) Nevada District Office.
The STAR Award is presented to a lender who has recently received their SBA Preferred Lender Program (PLP) designation, has gone above and beyond to increase access to capital for small businesses, and ensures SBA products are fully available to their clients. See full press release.
Hear from Lexicon Bank’s President & CEO Stacy Watkins and other banking leaders across Southern Nevada on banking trends, economic predictions and the year ahead in banking for consumers and businesses. See full article.
Lexicon Bank is proud to announce The Springs Preserve as its February Community Spotlight in celebration of Black History Month. The Bank joins forces this month to advocate for the organization’s cause as well as raise awareness of its upcoming 14th Annual Black History Month Festival taking place on February 18th from 10 am to 4 pm. See full press release.
When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Lexicon Bank in Las Vegas opened its doors in August 2019, not long before COVID-19 shut down the city’s entertainment businesses. See full article.
Lexicon Bank is proud to announce The B.E. A S.H.E.R.O. Foundation as its January Community Spotlight in recognition of National Human Trafficking Day on January 11th. Lexicon is supporting the organization through advocacy and raising awareness for its initiatives to eradicate sex trafficking in Las Vegas. Members of the Bank will be attending their largest fundraiser, the B.E. A S.H.E.R.O. Awareness Gala, on February 25th at the Palms Resort & Casino and are urging the community to join in supporting this important cause. See full press release.
Lexicon Bank, Las Vegas’s first community-chartered bank in more than a decade, announces the completion of its de novo period, a three-year timeframe of stringent supervision for newly established banks imposed by the Federal Deposit Insurance Corporation (FDIC). See full press release.
Lexicon Bank, Las Vegas’ community-focused banking partner, celebrates its community impact in 2022 by commemorating its 12 community spotlight recipients. The community and clients are encouraged to consider giving to these local organizations. Each community-spotlighted organization is proudly displayed in the Bank’s lobby at its Tivoli Village branch. See full press release.
Lexicon Bank announces The Just One Project as its November Community Spotlight. The Bank made a monetary donation and will be volunteering with the organization to help fund their mission of increasing access to healthy food and services to those in need across Southern Nevada. The Bank is also helping to drive awareness and the promotion of the upcoming holiday events to garner support and volunteerism. See full press release.
Lexicon Bank announces Spread the Word Nevada (STWN) as its October Community Spotlight. The Bank will raise funds for their Books & Buddies program, donating books and driving advocacy for their literacy programs that benefit students across Southern Nevada. See full press release.
Green Our Planet is a national nonprofit rooted in Las Vegas that connects students to the wonders of the universe through indoor and outdoor school gardens. Green Our Planet’s garden programming increases academic performance, heightens environmental conscientiousness and fosters healthy eating habits in students nationwide. See full press release.
This August, Lexicon Bank is proud to support Scleroderma Sprint, an event dedicated to raising awareness for the currently incurable Scleroderma disease, in its monthly Community Spotlight program. Lexicon Bank donated $5,000 to the cause in efforts to help raise awareness of the deadly disease and get closer to finding a cure. See full press release.
This July, Lexicon Bank is proud to partner with Street Teens to raise awareness of the local nonprofit in its monthly Community Spotlight program. Lexicon Bank proudly donated hundreds of heat relief items ranging from sunscreen to chapstick to toiletries and seeks additional support from its clients, partners and community supporters. See full press release.
Lexicon Bank is proud to spotlight the Charity Series of Poker. To commemorate the 2022 World Series of Poker kicking off, we are excited to help our local poker pros, raise money at CSOP’s next event on July 3, 2022 benefiting Three Square Food Bank. The tournament will be held inside Moon Nightclub at the top of the Palms starting at 4:30PM. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, has exceeded $100 million in core loans since completing its first loan in August 2019. At the close of Q1 2022, Lexicon Bank reported assets totaling $254.9 million. See full press release.
Lexicon Bank is proud to spotlight Leaders in Training as its May Community Spotlight by sponsoring their First Annual Homecoming Party celebrating Nevada’s first generation of college graduates on May 19, 2022. The bank is serving as Pep Rally Sponsor and encouraging attendance with its clients, partners, and team. See full press release.
Taking a page from challenger banks’ playbook, traditional banks and credit unions are focusing on niches to stand out in a mass of competitors. Read Article.
Lexicon Bank, Southern Nevada’s community-focused banking partner centered on local businesses, recently achieved the “U.S. Small Business Administration Preferred Lender” (SBA) designation, giving the bank the ability to provide small business loans to more companies and, in many cases, faster than ever before. See full press release.
This month, Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight the Girl Scouts of Southern Nevada as its April Community Spotlight by hosting Cookies and Corks on April 14, 2022. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, announced today the promotion of Hilary Nelson as its new Senior Vice President & Director of Operations and Compliance. Ms. Nelson will be responsible for the continued oversight and further development of the Bank’s Operations, Compliance, CRA and BSA departments. See full press release.
This month, Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight Project Marilyn, as their February Community Spotlight, with a cash donation to help raise awareness for the non-profit within the community. See full press release.
The Federal Reserve Bank of San Francisco has announced Lexicon Bank President & CEO Stacy Watkins’ appointment to its Community Depository Institutions Advisory Council (CDIAC). Watkins is one of five new members set to join the Council effective January 1, 2022, and will serve as the council's sole representative from Nevada. See full press release.
This month, Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight The Shaquille O’Neal Foundation as its January Community Spotlight with a cash donation to help kickstart youth initiatives locally and across the nation. See full press release.
The Las Vegas Review-Journal’s 2021 Best of Las Vegas program has recognized Lexicon Bank as a 2021 Best of Las Vegas winner. Lexicon, Nevada’s community-focused banking partner, was awarded the Bronze Medal in the best of bank’s category. See full press release.
Lexicon Bank commemorates its twelve 2021 community spotlight recipients with a themed tree at Opportunity Village’s Magical Forest running now through January 2, 2022. See full press release.
This month, Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight HopeLink of Southern Nevada as its November Community Spotlight with a cash donation and advocacy of its HopeWeek. See full press release.
Professional poker players can generate high-volume deposit accounts that give compliance officers fits and many wind up being asked to move their money elsewhere. Lexicon Bank, seeking sticky deposits, vets players carefully to build relationships with these small businesses. Read Article.
Lexicon Bank is proud to spotlight Susan G. Komen® this October during Breast Cancer Awareness Month. Lexicon Bank will be supporting Susan G. Komen with a cash donation, advocacy, and by honoring the organization at their National Women’s Small Business Month networking event. See full press release.
Lexicon Bank proudly partners with Caesars Entertainment, Inc. to serve as a sponsor at the 2021 52nd Annual World Series of Poker hosted at the Rio All-Suite Hotel & Casino Thursday, Sept. 30th to Tuesday, Nov. 23rd. Lexicon Bank’s sponsorship presence brings the community-led bank to the forefront of the world-renowned tournament event. The Bank will be onsite daily to provide information on professional poker accounts and support its active players in the tournament. See full press release.
Lexicon Bank is teaming up with the NAWBO Southern Nevada to celebrate women-owned businesses in honor of National Women’s Small Business Month on Thursday, October 7th from 5:30- 7:30pm. The two will host a free networking event focused on empowering growth and feature a Q&A panel with remarkable Las Vegas women business leaders. The event will be held at Lexicon Bank in Tivoli Village. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight St. Jude Children’s Research Hospital ® this September during Childhood Cancer Awareness Month. Lexicon Bank will be supporting St. Jude with a cash donation, as an official sponsor of the 30 ways in 30 days initiative, and by participating in their virtual Walk/Run 5k on September 25th. See full press release.
Lexicon Bank, Las Vegas’s first community-chartered bank in more than a decade, celebrates its second anniversary serving Southern Nevada this August 2021. To commemorate this milestone, Lexicon Bank is doubling down on business lending services and community engagement to meet the most urgent needs of local businesses and nonprofits. See full press release.
Lexicon Bank Nevada’s community-focused banking partner, is proud to spotlight JDRF this August. Lexicon Bank will be supporting JDRF by serving as a bronze sponsor for their annual One Walk, Las Vegas. Additionally, team members from the Bank will participate in the mid-November walk. See full press release.
Lexicon Bank is proud to spotlight Communities In Schools of Nevada (CIS) this July. For the third consecutive year, Lexicon Bank will be supporting ClS of Nevada by serving as a donation site for the annual Fill the Bus School Supply Drive for Clark County Students where clients, Tivoli Village businesses and the greater community can contribute to the drive. See full press release.
Lexicon Bank President & CEO Stacy Watkins has accepted membership into the Nevada Forum of the International Women’s Forum where she joins a preeminent roster of just over 100 women in Nevada. Chartered in 1999, and entering its 22nd year, IWF Nevada is committed to championing equality and cultivating the women leaders of tomorrow. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, is proud to spotlight DISCOVERY Children’s Museum this June. In 2020 during the height of the coronavirus pandemic, Lexicon Bank helped the Museum secure a Paycheck Protection Program (PPP) loan that allowed them to maintain their complete workforce without having to furlough or layoff staff. See full press release.
Lexicon Bank is proud to spotlight Operation Homefront, a national nonprofit assisting military families, for it May Community Spotlight and commemorate National Military Appreciation Month. Lexicon Bank supports Operation Homefront with a cash donation and a “Star-Spangled Babies" baby shower donation drive during the month of May at the Bank. See full press release.
Lexicon Bank President and CEO, Stacy Watkins, EVP/Chief Credit Officer Leo Moschioni, and Mindy Kermes, VP Sr. Relationship Manager, join host Joe Amato on the latest Business Matters episode discussing the new normal in Banking today and what the Southern Nevada business community needs to do to thrive in the current economy. Watch full episode.
Lexicon Bank joins hundreds of U.S. businesses, financial and educational Institutions this April to celebrate Financial Literacy Month, and the charge to foster more education around financial wellness in Southern Nevada. See full press release.
In honor of Autism Awareness Month, Lexicon Bank partners with The Collaboration Center Foundation and Grant A Gift Autism Foundation (GGAF) to raise funds and support their mission to enhance the lives of those living with intellectual, developmental and physical disabilities in Southern Nevada. See full press release.
Lexicon Bank teams up with The LGBTQ Center of Southern Nevada this month to help collect donations for the expansion of their health care clinic, the Arlene Cooper Community Health Center, during LGBTQ Health Awareness Week happening March 22 to March 26. See full press release.
President and CEO of Lexicon Bank, Stacy Watkins, joins the President’s Club of the Las Vegas Chamber of Commerce. Meet the incredible leadership team she joins in making Las Vegas an even better place we call home. Read Article.
Lexicon Bank Senior Vice President of Operations and Compliance, Hilary Nelson, proudly joins the board of directors for Junior Achievement of Southern Nevada. Ms. Nelson will support Junior Achievement’s mission to build a financially literate future for Southern Nevada’s youth, and in hand with Lexicon Bank, help with its continuing and growing efforts. Read Article.
Lexicon Bank, Nevada’s community-focused banking partner, proudly announces the appointments of Mindy Kermes to VP, Senior Relationship Manager and Tom Ewing as Commercial Loan Underwriter.
See full press release.
City of Las Vegas Councilman Cedric Crear has been appointed to its Board of Directors. Councilman Crear brings more than ten years of community and executive leadership to the board, including roles as a former Commissioner for the Las Vegas Planning Commission, former representative for the Nevada System of Higher Education Board of Regents, and former marketing director for Station Casinos. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, teams up with The American Heart Association in Southern Nevada (AHA) this month to sponsor its Go Red for Women initiative, and participate in National Wear Red Day, a day aimed to raise awareness on heart disease and stroke in women. See full press release.
Lexicon Bank, Nevada’s community-focused banking partner, is now accepting applications for the second round of the Small Business Administration's Payment Protection Program (PPP) funding and will continue its promise to serve the immediate needs of the Vegas business community.
See full press release.
Lexicon Bank announces that Stacy Watkins has been named as Chief Executive Officer in addition to President. Ms. Watkins’ appointment comes upon her exceptional performance in only ten months with Lexicon Bank. See full press release.
Stacy Watkins, Lexicon Bank President and CEO, and Leo Moschioni, Executive VP and Chief Credit Officer, discuss with Jonathan Ng the Bank's plans to help clients with Round Two PPP applications, and its continued promise to serve the immediate needs of Nevada's business community. Read Article.
Now through January 30th, Lexicon Bank, Nevada’s community-focused banking partner, will support Nevada Ballet Theatre (NBT) by encouraging donations to their Shoe Fund. See full press release.
Lexicon Bank partners with Opportunity Village for its December Community Spotlight to sponsor the 16th Annual Las Vegas Great Santa Run and use their business services for holiday gifts. See full press release.
Fifteen Lexicon Bank staff and board members came together Wednesday at Dorothy Eisenberg Elementary School to bag groceries for Three Square Food Bank. It was a historic day of giving at the school with over 350 families supported. See full press release.
Lexicon Bank's Stacy Watkins joins Nevada Business Magazine and other banking leadership across the Las Vegas Valley in a virtual roundtable to talk PPP, the future of banking, and how the Lexicon team is working to meet today’s changing customer and business needs. Read Article.
Lexicon Bank proudly announces the appointments of Ray Lucero to VP, Relationship Manager, and Riley Hammonds as IT Infrastructure Operations Officer. Both will serve as key contributors to Lexicon’s continued growth, with a dedication to strengthening its ongoing private banking services for small business and community endeavors. See full press release.
Lexicon Bank is proud to partner with Junior Achievement Southern Nevada to bring its Truth About Being A Grown-Up series to the Las Vegas community. Guided by Chief Financial Officer Tom Michelena, the free, virtual program offers students and parents an exclusive behind-the-scenes tour of Lexicon Bank, and the resources to learn the basic principles and benefits of banking. See full press release.
Lexicon Bank is proud to announce the promotion of April Wilson as Vice President, Relationship Manager, and the addition of Betty Reiff, Vice President, Commercial Loan Underwriter, and Lee Steinhauer, Assistant Relationship Officer.
See full press release.
Russell Rosenblum, Lexicon Chairman of the Board of Directors, discusses with American Banker Lexicon Bank’s unique history as a banking partner for the poker community and poker-related businesses across the U.S, and the ways the Bank is making it more convenient for professional poker players to bank, all while still observing and following all banking regulations. Read Article.
One year ago Lexicon Bank, Las Vegas’ first community-chartered bank in more than a decade, opened its doors to clients, serving the growing population in the Southern Nevada community. See full press release.
World Series of Poker legend Daniel Negreanu moves his winnings account to Lexicon Bank. The six-time World Series of Poker winner partners with Lexicon, a community-chartered bank known for its hospitality to professional poker players, after termination with a previous financial institution.
See full press release.
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. See full press release.
John Miller, Lexicon Executive Director, discusses with Subrina Hudson Lexicon Bank’s dedicated focus on PPP loans to help small businesses. The bank has seen 144 loan applications approved by April 13 with roughly $42 million in funding expected to be dispersed this week. Read article.
Stacy Watkins joins Lexicon Bank as its new President. With over 26 years in the business, Watkins will be responsible for connecting banking and investment resources to companies, families and individuals in Southern Nevada. Read feature.
Lexicon speaks with Kristal Leonard on the latest developments around the SBA’s Paycheck Protection Program (PPP) and access to loans broadening for gaming establishments. Read article.
John Miller, Executive Director of Lexicon Bank, spoke to Fox Business Network correspondent, Edward Lawrence, about the current measures in the PPP loan program, and Lexicon’s initiates to meet the needs of our Las Vegas community, one of the hardest hit cities in the nation. Watch interview.
Lexicon Bank celebrates the opening of its permanent location in Tivoli Village. The Ribbon-Cutting ceremony will takes place Thursday, February 20, 2020.
See full press release.
Lexicon Bank nears $4 million in assets four months after launch in August 2019. The bank has enjoyed the support of community members and businesses across the Valley. See full press release.
Video Coverage
Lexicon Bank partnered with BBB of Southern Nevada for an informational webinar on how to accelerate business growth. They discussed why choosing the right lending option and financial partner is a major step that will impact businesses in the long run.
Leo Moschioni, Lexicon Executive Vice President and Cheif Credit Officer, spoke with KSNV News 3, Las Vegas about the Bank's third Communities In Schools of Nevada Fill the Bus Supply Drive. The team was proud to contribute $7,000 to the drive between supplies and a Community Spotlight cash donation.
Stacy Watkins, president of Lexicon Bank, and Tim O'Reilly, president of O'Reilly Law Group, join the InBizLV Podcast to discuss how local business owners are navigating the current health crisis and planning for a safe reopening of the economy.
John Miller, Board Director and founding CEO, spoke to Fox Business Network correspondent, Edward Lawrence, about the current measures in the PPP loan program, and how Lexicon has stepped up to meet the needs of the Las Vegas community.
Lexicon’s Stacy Watkins and a PPP recipient spoke to Fox 5 Las Vegas about the Bank’s quick response towards businesses in need during the COVID-19 pandemic, and how they were able to help hundreds of other businesses across the Valley submit their applications.
Stacy Watkins and April Wilson spoke with KSNV News 3, Las Vegas about the Bank's second Communities In Schools of Nevada Fill the Bus Supply Drive. As one of Lexicon's first initiatives when it opened its doors last August, the team is proud to give back to the community it calls home.