Nevada State Bank History

Nevada State Bank first opened its doors for business on December 9, 1959, making it the oldest state-chartered community bank in Nevada. 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.

Nevada State Bank is a full-service bank offering a complete range of consumer, small business, real estate and corporate banking services. It operates more than 100 ATMS and more than 50 branches serving 20 communities across Nevada. Nevada State Bank employs more than 850 people and is the fourth largest bank in Nevada with total assets in excess of $4.1 billion.

Historical Highlights

December 9, 1959

Nevada State Bank opens its doors for business, earning it the distinction of being the oldest state-chartered community bank in Nevada.

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 “Nevada State Bank Money Machine” card is introduced to customers.

1984

Nevada State Bank celebrates its Silver Anniversary with a total of five branches and  269 employees.

1985

Nevada State Bank is purchased by Zions Bancorporation and has operated as an autonomous subsidiary since then.

1998

Nevada State Bank introduces telephone, online and PC Banking, offering clients the ability to bank 24/7.

1999

Nevada State Bank merges with Pioneer Citizens Bank of Nevada.

2002

Nevada State Bank introduces free Internet Bill Pay for consumer banking clients,  one of the first banks in the country to offer this service free of charge.

2004

Nevada State Bank introduces Reddi-Check,  a service that creates images of cleared checks, now called check images, instead of mailing cancelled checks with monthly statements. 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™. This enhances cash flow control enabling companies to conveniently scan checks electronically, from anywhere at any time, instead of going to the bank.

September 2008

Nevada State Bank is selected by the FDIC to assume the insured deposits of Silver State Bank.

April 2009

Nevada State Bank acquires the banking operations of Great Basin Bank of Nevada in a transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).

August 2009

Nevada State Bank is chosen to assist the Federal Deposit Insurance Corporation (FDIC) by acting as Payout Agent in the resolution of Community Bank of Nevada, which was closed by the Nevada Financial Institutions Division.

December 9, 2009

Nevada State Bank celebrates its 50th Anniversary.

Drop by your local Nevada State Bank branch or call a Relationship Manager today at 800-727-4743 to find out how our Banking Services can benefit you.

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