Our Philosophy
The CRA/Community Development Department of Nevada State Bank is committed to promoting and improving our Nevada community. This key commitment is exemplified through our community partnerships, our focus on affordable housing for low-to-moderate income individuals, our charitable contribution programs, our employee volunteerism, our advocacy of financial education, and our loan and grant programs targeted to improve the quality of the lives of Nevada residents.

Nevada State Bank has a long history of commitment to reinvesting in the communities we serve, by supporting programs that promote revitalization and growth. NSB helped fund and support more than 298 Community Reinvestment Act (CRA) programs, events, sponsorships and agencies in Nevada during 2006, totaling more than $527,000. These programs play a vital part in supporting the economies of communities throughout Nevada.

The bank's programs focus on maintaining services that ensure that education, affordable housing, human services and recreational activities are available to all residents of Nevada. This is accomplished in a multitude of ways, including monetary contributions, grant sponsorship, city and county projects, and employee volunteerism.

Affordable Housing efforts are highlighted by our participation with the Federal Home Loan Bank’s IDEA (Individual Development and Empowerment Account) Program, which provides matching subsidies to lower-income households saving to buy a home. NSB has also established the HOPE program, which provides up to $5,000 down payment assistance to qualified NSB employees.

Community Development and SBA Loans provide the bank’s clients with access to important financial services, including loans that support economic development and job creation.

Corporate and Real Estate Lending Department Loans in 2006

• Community Development Loans, totaling $151,309,947
• Home Mortgage Disclosure Act loans, totaling $20,143,860
• Small Business Administration 504 loans, totaling $15,945,610
• Small Business Administration 7 (a) loans, totaling $12,463,000

Employees of NSB make a difference by helping to further community development goals in markets served by NSB. Ten percent of our team members volunteer, serving more than 140 organizations throughout the state.

Assistive Technology Loan Fund
The Assistive Technology Loan Fund (ATLF) helps clients determine if they can be helped by an assistive device and loans money to those who cannot get funding from other sources. Currently, Nevada State Bank has more than 218 ATLF accounts totaling $1,299,450.

Banking on Your Future
The "Banking on Your Future" program provides young adults with basic financial information, including banking, credit, rental contracts, and employment. In 2006, the program reached more than 800 high school students and members of the Henderson Boys & Girls Club.

Community Direction
Nevada State Bank has established a Community Advisory Board to stay in touch with community needs in the areas of Affordable Housing, Financial Education, Conventions, Community Events, Training and Conferences.

Free Tax Service
In Southern Nevada, Nevada State Bank partners with the Las Vegas Valley Coalition, Consumer Credit Counseling and the Internal Revenue Service to provide free tax service and electronic filing for low-to-moderate income individuals and families

Fresh Start Checking
This product is geared to the individual who has had a checking account closed by a financial institution because he or she did not know how to reconcile and maintain an account. The program, which includes an educational course, gives a much-needed second chance to those who would not otherwise be able to open a checking account at any financial institution.

Paiute Tribal Housing Nevada State Bank was proud to partner with the Yerington Paiute Tribal Housing Authority to obtain a grant from the Federal Home Loan Bank of San Francisco–Affordable Housing Program for assistance in renovating an apartment building. The Yerington renovation project now provides rental housing to low- to-moderate income Native American families.

(from left to right): Curtis Millsap, Lee Shaw, Vince Conway, former NSB President Bill Martin, Fred Lambright, Loretta Johnson and Ralph Rogers, with a check used to renovate an apartment building for the Yerington Paiute Tribal Housing Authority.

Elko Recreation Project
Nevada State Bank served as the lead bank for the construction loan to build "The Igloo," a nonprofit recreation center located in Elko, Nevada. Thanks to Nevada State Bank and its partners in this project, Elko youth can now enjoy wholesome activities year-round.

Great Basin Ready Mix
Nevada State Bank funded more than $14 million to help Great Basin Ready Mix in Fernley, Nevada purchase 47 cement trucks and build a batch plant and a mobile batch plant, which brought 55 full-time jobs to the rural city.