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2008
Small Business Administration Names Sun West Bank “Financial Services Champion of the Year”
(05/08/2008)
SUN WEST BANK GIVES BACK TO THE COMMUNITY Sun West Bank hosts fraud prevention seminar and shredding event April 17 and 18.
(04/11/2008)
SUN WEST BANK CONTINUES SOLID GROWTH WITH STRONG FOURTH QUARTER EARNINGS
(01/30/2008)
Small Business Administration Names Sun West Bank “Financial Services Champion of the Year”
Las Vegas, May 8, 2008 - Sun West Bank has been named the 2008 “Financial Services Champion of the Year” by the U.S. Small Business Administration.
The U.S. Small Business Administration selects honorees using an independent panel of small business leaders. Nominees are judged on a variety of criteria including staying power, growth in number of employees, increase in sales, current and past financial reports, innovativeness of product or service, response to adversity and evidence of contributions to community-oriented projects. Sun West Bank was honored at an awards ceremony on May 7, 2008.
“Being named Financial Services Champion of the Year is a great honor,” said Sun West Bank President and CEO Jackie DeLaney. “We are excited because in addition to celebrating this award, we are also celebrating ten years of serving Nevada’s businesses this year. We take great pride in our community and believe that supporting Nevada's small businesses is instrumental to its growth.”
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SUN WEST BANK GIVES BACK TO THE COMMUNITY Sun West Bank hosts fraud prevention seminar and shredding event April 17 and 18.
Las Vegas - Sun West Bank continues to keep the community top-of-mind by hosting a special fraud prevention seminar and document shredding event at the Eastern branch office on Thursday, April 17 and Friday, April 18. These days, it’s crucial to understand the importance of fraud and how it can be prevented. Guests can now register to attend Sun West Bank’s fraud prevention seminar taking place on Thursday, April 17 from 5:30 – 6:30 p.m. and Friday, April 18 from 8 – 9 a.m. Special guest speaker, Sergeant John H. Hillenbrand of the Financial Crimes Section of the Las Vegas Metropolitan Police Department will share tips with guests on how to protect themselves and their businesses from fraud and identity theft. The seminar will benefit both consumers and businesses, as attendees will learn about the most recent advances and security options for business checking accounts.
In conjunction with the seminar, Sun West Bank is teaming up with Opportunity Village for a shredding event on both days from 9 a.m. – 5 p.m. People will be greeted by a team of professionals, prepared to shred documents in accordance with NAID and HIPPA Compliance Certification Standards. In addition, Sun West Bank is offering a special certificate of Deposit rate to interested customers.
“We are pleased to sponsor the fraud prevention seminar and document shredding event, two events that we know will be of great value to local consumers and businesses,” said Christine Danforth, vice president of Sun West Bank. “We feel it’s our responsibility to educate our clients, and it’s also a great opportunity for Sun West Bank to meet our neighbors in the community.”
The fraud protection seminar and shredding event will be held at Sun West Bank’s Eastern branch office located at 8475 S. Eastern Ave., Ste. 100. To register for the seminar or for additional information please call (702) 921-2100.
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SUN WEST BANK CONTINUES SOLID GROWTH WITH STRONG FOURTH QUARTER EARNINGS
LAS VEGAS/RENO- Sun West Bank reports continued growth and success with increased profitability for the fourth quarter and year ending December 31, 2007.
Total assets, as of December 31, 2007, were $421 million, a 1.78% increase over the prior year-end assets of $414 million. Total loans grew 2.83% in 2007 to $344 million. At year-end 2007, deposits at Sun West Bank totaled $370 million, an increase of 0.82% over year-end 2006. Fourth quarter earnings reached $1.95 million, a 5.46% decrease from 2006 4th quarter earnings of $2.06 million. The Bank’s net income for the year was $7.5 million, a 21.26% increase over $6.2 million reported at year-end 2006. These performance levels produced a return on average assets of 1.86% and return on beginning equity of 17.14%
“Our solid year of performance and success was made possible by the loyalty of our valued customers, the expert leadership of our management and board of directors, and the personal commitment to excellence by the entire Sun West Bank team,” said Sun West Bank President and CEO Jackie DeLaney. “As we move into our tenth year of providing our customers superior service and results, we look forward to continued growth and success as Nevada’s premier community bank.”
Sun West Bank continues its commitment to serving both Northern and Southern Nevada with seven branch offices in the Reno-Sparks and Las Vegas metropolitan areas. Sun West Bank is the prime banking choice for the business community across Nevada and is characterized by excellent client and banking services.
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Sun West Bank is Committed to Remaining Independent and Serving Nevada as a Premier Banking Organization
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