Nevada State Bank, a division of Zions Bancorporation, N.A. Member FDIC, is a full-service bank with branches statewide. Founded in 1959, Nevada State Bank serves 20 communities across the state of Nevada. Zions Bancorporation, N.A. operates in nearly 500 local financial centers across 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. Zions Bancorporation, N.A. is included in the S&P 500 and NASDAQ Financial 100 indices (NASDAQ: ZION).

History

Nevada State Bank first opened for business on December 9, 1959. The bank was organized by a group of 12 business owners, with Charles Lee Horsey Jr. serving as President. The organizing group sold 24,000 shares of stock to local people at $31.25 per share. This gave them $600,000 to put into capital and $150,000 for surplus and reserves. The bank received its official state charter on January 5, 1960. It operated out of one location in downtown Las Vegas until 1974, when it opened its first satellite branch. 1968 - Reddi Reserve account introduced, giving customers the ability to use a line of credit to cover overdrafts in their checking accounts. 1983 - Eight Docutel Automatic Teller Machines (ATMs) are purchased and installed. The “NSB Money Machine” card is introduced to customers. 1984 - The bank has a total of five branches and 269 employees. 1985 - Nevada State Bank is purchased by

Zions Bancorporation Zions Bancorporation is a bank holding company headquartered in Salt Lake City, Utah. Zions Bancorporation originated as Keystone Insurance and Investment Co., a Utah Corporation, in April 1955. In April 1960, Keystone, together with several in ...

and operates as an autonomous subsidiary. 1989 - Nevada State Bank opens the first supermarket bank branch in the state of Nevada. July 1997 - It acquires five branches in rural Nevada towns:

Eureka Eureka (often abbreviated as E!, or Σ!) is an intergovernmental organisation for research and development funding and coordination. Eureka is an open platform for international cooperation in innovation. Organisations and companies applying th ...

, Fernley, Tonopah, Lovelock and Wells. October 1997 - Nevada State Bank purchases Sun State Bank, giving it three new branches in

Southern Nevada Southern Nevada (SNV) is a region and the southern portion of the U.S. state of Nevada which includes the Las Vegas Valley. It also includes the areas in and around Pahrump and Pioche. Tonopah and Hawthorne are sometimes also referred to as part ...

. 1998 - Nevada State Bank introduces telephone, online and PC banking, offering clients the ability to bank 24 hours a day, seven days a week. 1999 - Nevada State Bank merges with Pioneer Citizens Bank of Nevada, founded in

Reno Reno ( ) is a city in the northwest section of the U.S. state of Nevada, along the Nevada-California border, about north from Lake Tahoe, known as "The Biggest Little City in the World". Known for its casino and tourism industry, Reno is the ...

in 1965. This adds six Northern Nevada branches and six

branches, effectively doubling the size of the bank. 2002 - Nevada State Bank introduces Internet bill pay, one of the first banks in the country to offer this service free of charge to non-business clients. 2004 - The bank introduces Reddi-Check, a service that creates images of cleared checks. Clients gain the ability to view images of cleared checks and deposit slips online. 2005 - Nevada State Bank is the first bank in the state to offer Remote Deposits, enabling companies to scan checks electronically, from anywhere at any time, instead of going to the bank. January 2006 - The Nevada quarter is launched in a special ceremony on the steps of the Nevada Capitol, as part of the U.S. Mint’s 50 State Quarters Program. Nevada State Bank is the first bank to offer the quarter to the general public as the official “Bank of the Nevada Quarter Launch.” September 2008 - Nevada State Bank is selected by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...

(FDIC) to assume the insured deposits of

Silver State Bank Silver State Bank was a failed Nevada commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to ...

. April 2009 - Nevada State Bank acquires the banking operations of Great Basin Bank of Nevada in a transaction facilitated by the FDIC. August 2009 - Nevada State Bank is chosen to assist the FDIC by acting as Payout Agent in the resolution of Community Bank of Nevada, which was closed by the Nevada Financial Institutions Division. 2010 - NevadaSmallBusiness.com website launches, and Nevada State Bank joins social media with a Facebook page and Twitter account. 2011 - Nevada State Bank launches Mobile Banking and Bill Pay. 2011 - Nevada State Bank rolls out "Smart ATMs" that allow clients to deposit cash and checks without deposit slips or envelopes. 2014 - Nevada State Bank launches Mobile Deposit Capture, allowing clients to deposit checks by uploading images of the checks using a mobile phone app. 2014 - Nevada State Bank launches its annual Small Business Survey, with highly targeted, statewide research on business trends, opinions, and priorities. December 31, 2015 - With the consolidation of Zions Bancorporation affiliates’ charters into a single charter, Nevada State Bank becomes a division of ZB, N.A., whose parent company is Zions Bancorporation. January 2017 Terry Shirey is named President and CEO of Nevada State Bank; Dallas Haun remains as Chairman. September 30, 2018 At the end of the day on September 30, 2018, Zions Bancorporation merges with its wholly owned bank subsidiary, ZB, N.A. ZB, N.A. is the surviving entity in the merger and immediately thereafter changes its name to Zions Bancorporation, N.A. Zions Bancorporation, N.A. continues to operate through its locally managed bank divisions, including Nevada State Bank.

Products and services

Nevada State Bank is organized into five lines of business, each one serving a different client segment. The retail line serves individual consumers and micro-businesses, through branches in 20 communities throughout Nevada. It also operates an online and mobile banking platform that enables clients to bank from any location with Internet access. The retail line offers a full range of financial services products, including checking and savings accounts, loans and lines of credit, credit cards, and mortgages. Small business banking offers a full range of business services to small business owners and entrepreneurs, including cash management,

Small Business Administration The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and stren ...

(SBA) loans and account analysis. Corporate banking serves larger business clients with customized banking, special financial services packages and relationship managers who act as liaisons between the client and the bank. The real estate line provides residential and commercial construction loans and term loans of all sizes. Professional banking is designed for professionals who have attained a significant level of wealth. Professional banking clients are assigned a dedicated relationship manager to assist them with their banking needs. The Private Bank by Nevada State Bank is a division of Nevada State Bank that provides specialized banking services to high net-worth clients.

The Zions Bancorporation relationship

Nevada State Bank is a division of Zions Bancorporation, N.A., which operates in nearly 500 local financial centers across 11 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.

References

{{Authority control Banks based in Nevada Companies based in Las Vegas