One to Watch: Lexicon Bank
Las Vegas, Nevada-based Lexicon Bank is a de novo already familiar with the concept of continued development and self-improvement.
Having recently received regulatory approval (July 24th 2019), the bank has already gone through two name changes, originally Sterling Bank, then Catalyst Bank, and now Lexicon – which seems to be sticking for the time being at least! But an identity crisis this is not. The team behind this new community bank are all singing from the same song sheet, and it’s a pretty impressive sounding thing they’ve got going on. Aside from their penchant for puns and slogans, (“Redefining the Lexicon of Banking in Las Vegas one client at a time” is a particular favourite), for a bank that has only just launched, they’re making some pretty bold promises. But only time will tell on that one – and now that Southern Nevada’s first new community bank in over a decade has officially made their debut, here at Talent Ticker we’ll be expecting to hear big things in the near future.
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Headed up by veteran banker John Miller as Chief Executive, the bank have also named their Chief Credit Officer, Chief Lending Officer, President, Chief Financial Officer, and Chairman of the Board, amongst other leadership roles.
When their application was originally filed to the FDIC to open a branch in Las Vegas, the firm stated they would be raising a minimum of $20 million in startup capital, with the aim of becoming a full-service, independent, commercial bank focussed on serving the small to mid-sized business market. CEO, Miller, is the man with a definite vision of just how they’ll be serving those clients: “Lexicon Bank provides a clear distinction between having a bank and having a personal banker. We are a banking partner willing to listen, provide solutions, and have a personal understanding of your business bank needs”.
The bank’s new branch is located in Tivoli Village at 350 S. Rampart Rd., Suite 180, is open five days a week and will offer customised services tailored to their clients individual needs. So while they’re focussing on their private banking style of relationship, they’ll also be using cutting edge technology and digital offerings to provide the most efficient and convenient mobile deposits, payments, and other transactions. They will also be offering services in credit lines, equipment loans, and real estate and construction loans.
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