The Vegas-Born, Community-Led Bank Seeks to End Big Bank Struggles for Professional Poker Players.
LAS VEGAS, September 21, 2021— 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.
“This is a special event for our city and we’re excited to come on board as a sponsor this year,” said Russell Rosenblum, Lexicon Bank Chairman of the Board and poker enthusiast. “Our bank has direct contact with the poker community through personal relationships, business partnerships, and community endeavors so the partnership was a natural fit as we expand our presence in Southern Nevada.”
Lexicon Bank, a community-led bank opened in August 2019, was founded by poker advocates and enthusiasts, and boasts Board of Directors leadership, from notable Las Vegas gaming and casino properties, who understand the compliance complexity surrounding poker pros and the ongoing account monitoring necessary to avoid red flags in the banking process.
Over its two years serving Las Vegas, Lexicon Bank is proud to be tabbed as a professional poker-friendly bank and has become a new banking partner for many professional poker players.
“We understand the intricate vetting that needs to happen for professional poker players, and proactively plan with each player to better service their tournament schedule throughout the year,” said Hilary Nelson, SVP, Operations and Compliance at Lexicon Bank. “This concierge approach overcomes hurdles where the big banks struggle. As a Vegas-born bank, we intrinsically understand the ebb and flow of an account and are often operationally better equipped to handle these accounts with agile, hands-on relationship management.”
A personalized banking experience allows Lexicon bankers to vet professional poker player legitimacy and ensure that cash management is handled with ease. Lexicon Bank works to intimately understand the needs of account holders, which makes the banking experience more comfortable and dependable for its client. Knowing the needs and typical transactions of their account holders helps to limit the risk of regulator concerns on account transactions such as wires and fraud.
The Bank utilizes many methods to demonstrate to account holders and regulators that they are well-versed on where to verify winnings online and collects additional account information such as player numbers at hotels, expected WSOP tournament participation and much more.
Lexicon Bank most notably serves small businesses and sole proprietors across the Southern Nevada community and offers a private banking experience no matter the asset size of the client.
For information on opening an account or transitioning an account, please email poker@lexiconbank.com or call (702) 780-7700. Poker accounts are eligible for U.S. and international clients who have played in at least one World Series of Poker event.
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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 helps 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 businesses 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. Monday through Friday, 10 a.m. to 2 p.m. on Saturdays, and can be reached by phone at (702) 780-7700 or online at lexiconbank.com. Lexicon Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
Follow us on social media at @lexiconbank on Twitter, Instagram, LinkedIn, and on Facebook at facebook.com/lexiconbank/.
ABOUT THE WORLD SERIES OF POKER
The World Series of Poker® is the largest, richest and most prestigious gaming event in the world, having awarded more than $3.29 billion in prize money and the prestigious gold bracelet, globally recognized as the sport’s top prize. Featuring a comprehensive slate of tournaments in every major poker variation, the WSOP is poker’s longest-running tournament in the world, dating back to 1970. In 2019, the event attracted 187,298 entrants from 118 different countries to the Rio All-Suite Hotel & Casino in Las Vegas and awarded more than $293 million in prize money. In addition, the WSOP has formed groundbreaking alliances in broadcasting, digital media and corporate sponsorships, while successfully expanding the brand internationally with the advent of WSOP Europe in 2007 and the WSOP Asia-Pacific in 2013 and the WSOP International Circuit Series in 2015. All WSOP events are subject to the then-current and applicable WSOP tournament rules. For more information, please visit www.wsop.com.
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