Breakout Southern Nevada community-chartered bank honored for its commitment to small businesses by the SBA Nevada District Office.
LAS VEGAS February 7, 2023 — 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.
Launched just prior to the start of the pandemic, Lexicon Bank capitalized on its agile lending services and “Yes” mentality. The Bank achieved explosive client growth by differentiating itself through fast local decision-making and concierge-like personal service.
Lexicon Bank made national headlines during the Small Business Administration’s Paycheck Protection Program (PPP) when it served as an advocate and banking partner for Southern Nevada small businesses, lending over $185 million in PPP loans. In April 2022, the Bank was designated a preferred lender under the Small Business Administration Preferred Lending Program. This designation gives the Bank the tools to make faster decisions for borrowers seeking SBA loans.
Every year SBA recognizes lenders that are helping small businesses access the capital they need to drive the economy. To assist with this, SBA guarantees loans the lending institutions provide to these small businesses. SBA-backed loans are proven tools lenders can use to help small businesses grow while reducing their own risks. The Nevada District Office values the partnerships with local lenders to assist the small business community and is proud to highlight the achievement those lenders have made in an ever-changing lender climate.
“Lexicon Bank is Las Vegas’ community-focused banking partner for business, no matter the size. From start-ups to small businesses to established companies, we treat all clients with the same commitment and concierge-like service,” comments Leo Moschioni, Executive Vice President and Chief Credit Officer. “Our team of commercial lenders and local decision-makers start with “yes” and stand ready to help you achieve your goals.”
SBA will recognize these lenders during the National Small Business Week ceremony on May 4, 2023, in Las Vegas, Nevada.
For more information on Lexicon Bank lending products and services, visit lexiconbank.com.
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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 individual banking clients, emphasizing creating and nurturing long-term relationships. By providing personalized services to all clients, Lexicon Bank helps to foster Southern Nevada’s economy and community—ultimately helping to grow and develop the region’s local businesses. The Bank is redefining banking as it should be in Southern Nevada by creating a concierge-like experience for businesses, regardless of 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 and 10 a.m. to 2 p.m. on Saturdays. Clients can contact us by phone at (702) 780-7700 or online at lexiconbank.com. Follow us on Facebook, Instagram, LinkedIn, and Twitter @lexiconbank. Lexicon Bank is a member of the FDIC.
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Revenue Media Group
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