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banking

Nevada State Controller Posts Fraud Hotline Link On Website

CARSON CITY – Nevada State Controller Kim Wallin announced today that a Fraud Hotline has been posted on her agency’s website in order to assist both the public and state employees in reporting questionable practices.

Nevada State Bank launches $20K Giveaway: You Vote, Schools Win

Many people use social media to stay connected, but Nevada State Bank is using it to give away $20,000 to three Nevada public schools.

Nevada State Bank believes in the importance of education and the difference it makes in the community. The bank continually strives to volunteer and invest in the future of the state’s children. Now, Nevada State Bank is asking for the public’s help.

Gov. Sandoval Appoints Private Sector Financial Adviser To Economic Forum

CARSON CITY – Gov. Brian Sandoval has appointed Las Vegas financial adviser Ken Wiles to the Economic Forum, a panel of mostly private citizen fiscal experts charged with making tax revenue projections for the state.

Lawmakers Consider Bill To Improve Efficiency And Transparency Of Government Contracting

By Sean Whaley/Nevada News Bureau
CARSON CITY – The Senate majority leader today advanced a bill intended to make state and local government contracts more efficient and transparent to benefit both taxpayers and consumers was reviewed by a legislative subcommittee on Friday.

Thousands Expected Today For Huge Rally For Revenue At Legislature

By Andrew Doughman /Nevada News Bureau
CARSON CITY – In what could be the largest rally ever held at the Legislature, more than 1,000 students, parents, teachers and activists are expected today to protest education budget cuts.

Former Colonial Bank Mortgage Lending Supervisor Pleads Guilty to Fraud Scheme

(U.S. Department of Justice Press Release)
WASHINGTON – Teresa Kelly, a former operations supervisor in Colonial Bank’s Mortgage Warehouse Lending Division (MWLD), pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW).

Colonial Bank had a branch on Stewart Street in Carson City, that now sits vacant.

State worker launches budget deficit plan, issues challenge to economists

Carl Kuhl, a state Parole and Probation employee of six years, has created a plan that he claims will eliminate Nevada's budget deficit within two years.

In a news release issued on Tuesday, Kuhl said his plan not only will reduce the budget deficit but also help repair Nevada's economy at the same time. It is a pretty big claim, he admits, coming from an Accounting Assistant I, an entry level position.

Nevada AG Joins 49-State Mortgage Foreclosure Group

By Nevada News Bureau
CARSON CITY – Attorney General Catherine Cortez Masto is joining a 49-state bipartisan mortgage foreclosure working group as part of a coordinated national effort by states to review the practice of so-called “robo-signingâ€� within the mortgage servicing industry.

Reid and Sandoval Wrangle Over Budget And Taxes In Second Debate In Nevada Governor's Race

By Sean Whaley / Nevada News Bureau
Taxes, the state budget and a looming revenue shortfall in 2011 took center stage Thursday in the second debate between the two major party candidates for Nevada governor.

Parties Focus On Get-out-the-Vote Effort As Campaign Season Hits Critical Point

By Sean Whaley / Nevada News Bureau
CARSON CITY – With the Nevada campaign season kicking into high gear in the four weeks remaining before election day, candidates and their supporters are also starting to focus on what could mean the difference between victory and defeat: voter turnout.

Assembly Majority Leader Wants to Eliminate Nevada Revenue Volatility, Teacher Tenure

By Sean Whaley / Nevada News Bureau
CARSON CITY – Assembly Majority Leader John Oceguera said today he believes the Legislature will have a great opportunity in 2011 to look at ways of broadening the state’s tax base to eliminate the volatility that has created Nevada’s boom and bust funding cycles.

FDIC: Reno-based Nevada Security Bank fails, Oregon Umpqua Bank to take over

Reno-based Nevada Security Bank, with three Reno branches and an administrative office, an Incline Village branch, and a Roseville, Calif., branch were closed Friday by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation as receiver.

Cyber Center Issues Computer Intrusion Scam Warning

The Northern Nevada Cyber Center, located at the Washoe County Sheriff’s Office has issued a computer intrusion scam warning. Many Facebook users are reporting their accounts being hacked.

Special Session: Assembly GOP Leader Says Bank Fee in Budget a Tradeoff, Expresses Concerns About Last Minute Jobs Bill

CARSON CITY – Assembly Minority Leader Heidi Gansert said in an interview today that GOP agreement to include a new f

Bipartisan Budget Deal in Place

CARSON CITY – As a deal to close an $805 million budget gap was announced today, bringing a close to a sometimes rancorous six-day special session, Republican lawmakers say they helped shape the de

Heritage Bank of Nevada buys out Carson River Community Bank

Carson River Community Bank, located on Highway 395 next to Home Depot and Target, was declared a failed institution Friday by Nevada state banking regulators and the Federal Depositors Insurance C

FDIC Shuts down Carson River Community Bank

Carson River Community Bank in Carson City was closed today by the Nevada Department of Business and Industry, Financial Institutions Division, which appointed the Federal Deposit Insurance Corporatio

THE ROCKER SKI HAS ARRIVED FOR POWDER

The rocker ski is with us now
By The Senior Skier

Business Briefs

Leaders elected to NNDA committeeBonnie Betts has been elected chairwoman for the Northern Nevada Development Authority's banking and finance advisory committee. Larry Rodriguez has been selected vice chairman.

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