News – Deferred Loan Payments

March 16, 2020   |   Written By Lexicon Bank

LEXICON BANK OFFERS DEFERRED LOAN PAYMENTS FOR ALL BORROWERS

Nevada’s Newly Chartered Community Bank Encourages Business Owners and Individuals to Pass On Savings During This Period of Economic Uncertainty

 

LAS VEGAS, March 16, 2020— Lexicon Bank, Southern Nevada’s first newly chartered community bank in more than a decade, announced today that current Lexicon borrowers can defer their required monthly payment, effective immediately, for the next three payments.

The social and economic impact of the Coronavirus (COVID-19) pandemic is becoming more apparent as the situation evolves daily, if not hourly. To support clients during these unprecedented times, Lexicon Bank is stepping up with financial relief to help Southern Nevada’s individuals, businesses and community partners.

With its sights set on helping businesses and customers thrive in the Southern Nevada community, Lexicon Bank encourages all borrowers to pass along these savings to their tenant base and employees to help ease the financial burden.

“Banks need to be a financial rock for borrowers and depositors during this trying time,” said Lexicon Bank CEO John Miller. “We stand ready to support clients in need of assistance now, and as this period of economic uncertainty passes.”

Lexicon Bank will offer support measures for all clients, particularly small businesses that are tied to Las Vegas’ tourism industry, and those who have been hit the hardest by the current working and travel conditions.

“Lexicon Bank is committed to serving local businesses, the economic engine that will get Las Vegas back on its prosperous course,” states Miller. “By offering loan deferment, we are helping clients better finance their payroll, employee benefits such as paid leave, and existing debt while we ride this crisis out.”

Lexicon Bank is open in Tivoli Village at 350 S. Rampart Blvd., Suite 180. 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.

ABOUT LEXICON BANK

Founded in 2019, Lexicon Bank is Nevada’s community-focused banking partner. Located in Tivoli Village, 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 definition of lexicon is the vocabulary of a particular language, field, social class, or person. Lexicon Bank is redefining banking as it should be in the Las Vegas Valley and Southern Nevada by creating a private bank for small business. 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.

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