Nevada State Bank
| Company type | Division |
|---|---|
| Industry | Banking, Financial services |
| Founded | December 9, 1959 in Nevada, United States |
| Founder | Charles Lee Horsey Jr. and eleven others |
| Headquarters | Nevada , United States |
Area served | Nevada |
Key people | Terry Shirey (President and CEO), Dallas Haun (Chairman) |
| Products | Checking accounts, savings accounts, loans, credit cards, mortgages, private banking, online banking, SBA business financing |
| Parent | Zions Bancorporation |
Nevada State Bank operates as a division of Zions Bancorporation and is headquartered in Nevada. Established in 1959 and integrated into Zions Bancorporation in 1985, the bank provides a range of financial services including checking and savings accounts, loans, credit cards, mortgages, private and online banking, as well as SBA business financing.
History
The inception of Nevada State Bank dates back to December 9, 1959, when a group of twelve entrepreneurs led by Charles Lee Horsey Jr. founded the institution. The initial funding amounted to $600,000 with an extra $150,000 allocated for reserves. After receiving its state charter on January 5, 1960, the bank operated solely from a downtown Las Vegas site until it expanded with its first branch in 1974.
1968 - Rolled out the Reddi Reserve account, offering customers overdraft credit facilities.
1983 - Deployed eight Docutel automated teller machines and introduced the “NSB Money Machine” card.
1984 - Expanded its footprint to five branches staffed by 269 employees.
1985 - Became a subsidiary of Zions Bancorporation while maintaining operational independence.
1989 - Established Nevada’s inaugural supermarket banking branch.
1997 - Grew through acquisition of five rural branches in Nevada and three Southern Nevada branches from Sun State Bank.
1998 - Initiated telephone, online, and PC banking services to provide round-the-clock account access.
1999 - Combined operations with Pioneer Citizens Bank of Nevada, effectively doubling its branch network to twelve locations across Northern and Southern Nevada.
2002-2005 - Led innovations such as Internet bill payment (offered free to non-business customers), introduced Reddi-Check for viewing online check images, and became the first Nevada bank to provide Remote Deposit services for commercial clients.
2006 - Served as the official financial institution for the launch of the Nevada quarter during the U.S. Mint’s 50 State Quarters Program.
2008-2009 - Selected by the FDIC to take on insured deposits from Silver State Bank and Great Basin Bank of Nevada; also functioned as payout agent during Community Bank of Nevada’s resolution.
2010-2014 - Launched NevadaSmallBusiness.com alongside social media platforms; introduced Mobile Banking and Bill Pay features; deployed Smart ATMs capable of accepting cash and check deposits without deposit slips; rolled out Mobile Deposit Capture via mobile application; initiated an annual Small Business Survey to monitor business trends statewide.
2015-2018
- On December 31, 2015, following a charter consolidation within Zions Bancorporation, Nevada State Bank became a division under ZB, N.A., still part of Zions Bancorporation. - In January 2017, Terry Shirey assumed the roles of President and CEO while Dallas Haun continued as Chairman. - Effective September 30, 2018, Zions Bancorporation merged with ZB, N.A., adopting the name Zions Bancorporation, N.A., with Nevada State Bank continuing operations as one of its divisions.