Lexicon Bank President & CEO Stacy Watkins shares key insights
Nevada's banking leaders are navigating a landscape of economic uncertainties and shifting interest rates in 2025. Discover how adaptability and proactive client engagement are key strategies in this evolving financial environment.
LAS VEGAS (February 1, 2025)
Excerpt from Banking on Change: Outlook 2025 by Kathleen Foley (Nevada Business Magazine)
Lower interest rates should be good news for businesses seeking loans from their banker, but Stacy Watkins, president & CEO of Lexicon Bank in Las Vegas, noted, “One thing that confuses the public is that, when the Fed drops rates, they expect business loan rates to drop. That’s not always the case because those rates are tied to treasury rates, and those may still be high. There’s often a lag with loan rate reduction. We try to educate investors. If they find a good deal, they should lock it up when it’s presented instead of waiting for the interest rate to change. We advise them to get off the sidelines, talk to their banker, and don’t pass up a good deal. They can always reprice the loan later.”
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