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  • SUN WEST BANK CONTINUES SOLID GROWTH WITH STRONG FOURTH QUARTER EARNINGS   (01/30/2008)
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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.  (04/11/2008)
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  • Small Business Administration Names Sun West Bank “Financial Services Champion of the Year”   (05/08/2008)
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  • SUN WEST BANK REPORTS SOLID FIRST QUARTER EARNINGS   (05/15/2008)
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  • SUN WEST BANK TEACHES CHILDREN THE VALUE OF MONEY  (05/23/08)
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  • SUN WEST BANK COMMEMORATES TEN YEARS OF EXCELLENCE   (05/30/2008)
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  • SUN WEST CAPITAL CORPORATION HELD ANNUAL SHAREHOLDERS’ MEETING IN LAS VEGAS MAY 21  (06/03/2008)
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  • SUN WEST BANK AND FIRST BOOK DISTRIBUTE OVER 12,000 BOOKS TO HELP THE CHILDREN OF THE LAS VEGAS VALLEY   (06/10/2008)
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  • Sun West Bank Receives BauerFinancial Inc., Four-Star Rating!   (07/14/2008)
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  • Sun West Bank Continues Growth and Profitability During Faltering Economy  (08/15/2008)
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  • SUN WEST BANK PARTNERS WITH CLASSROOM ON WHEELS TO DONATE NEW CLOTHES TO CHILDREN  (09/03/2008)
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  • Sun West Bank Offers a Teaching Program to Honor “Get Smart about Credit” Day   (10/22/2008)
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  • DECK THE KIDS’ HALLS WITH FINANCIAL EDUCATION Sun West Bank’s Financial Education Gift Ideas   (11/25/2008)
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  • SUN WEST BANK SERVES HOLIDAY JOY TO FAMILIES IN NEED  (12/11/2008)
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  • SUN WEST BANK AND HELP OF SOUTHERN NEVADA GIVE BACK THIS HOLIDAY SEASON THROUGH FAMILY ADOPTION   (12/15/2008)
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    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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    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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    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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    RENO /Las Vegas - Sun West Bank reports profitability for the first quarter ending March 31, 2008, according to figures recently released by the bank.

    Sun West Bank is reporting a solid start for 2008 with net income of $1.68 million for the first quarter, as compared to $1.76 million in the first quarter of 2007. Earnings are down just slightly reflecting the lower interest rate environment as rates have declined 225 basis points since year-end Dec. 31, 2007 and 325 basis points since year-end Dec. 31, 2006.

    Total assets for the first quarter, were $420.3 million, a 1.62% increase as compared to the end of the first quarter 2007 with total assets of $413.6 million. Total deposits at quarter end equaled $370.9 million, an increase over the same period in 2007, with total deposits at $368.4 million.

    “Although these are challenging economic times, as we embark on our tenth year serving Nevada’s business community, we are pleased to celebrate not only strong results for the first quarter of 2008, but the growth and performance of our Bank over the past decade,” said Sun West Bank President and CEO, Jackie DeLaney. “Our success stems from the loyalty of our valued customers, the dedication and guidance of our management and board of directors, and the personal commitment of the entire Sun West Bank team to ensure our customers receive superior service for all their banking needs.”

    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 premier banking choice for the business community across Nevada and is characterized as Nevada’s largest locally owned and operated independent community bank in the State of Nevada.

     
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    LAS VEGAS – Sun West Bank employees teamed up with students from Rex Bell Elementary School on Tuesday, April 29 to discuss the value and benefits of saving and spending wisely. During the course of their morning together, several Sun West Bank employees teamed up with approximately 100 students in three classes to watch an educational video, conduct discussions and play games supporting the underlying message of responsible money management.

    ''This year celebrates Sun West Bank's eighth straight year supporting the America Banker Association's Teach Children to Save Day Program,” said Tina Peraza, Sun West Bank senior vice president. “Sun West Bank employees find this program one of the most rewarding of the year. Our program focuses on teaching young children the importance of the 3 ''S's'' of handling their money responsibly by remembering to ''Save, Spend and Share'' their money wisely.”

    On April 29, some 5,000 bankers exchanged balance sheets for blackboards and gave 202,000 students some basic saving and money management lessons. The American Banking Association (ABA) Education Foundation established National Teach Children to Save Day to spotlight the importance of teaching the nation's youth about saving money. Every April bankers make presentations to students in grades K-12 about budgeting, saving, recognizing needs and wants and how interest makes money grow. Since the first National Teach Children to Save Day, more than 18,003 bankers have reached nearly 1.2 million students across the country, providing them with money skills they will use throughout life. These efforts are focused on helping young people master the first step toward financial success, learning how to save.

     
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    LAS VEGAS – Sun West Bank and its Board of Directors celebrates ten years of excellence this year and honored its accomplishments by hosting a social gathering on Wednesday, May 21, which took place at their Flamingo branch location in Las Vegas.

    “Sun West Bank is pleased to reach ten years of offering unparalleled services, products and expertise to our clients,” said President and CEO of Sun West Bank, Jackie DeLaney. “It’s a privilege to be able to celebrate this time with those whom we wouldn’t be here without, and we look forward to many more years of continued growth and success.”

    With more than 200 guests in attendance, comprised mostly of clientele and prospects, the evening was complete with entertainment, passed hors d' oeuvres, a delectable cake and champagne toast, various raffle drawings and elegant parting gifts which included a bottle of wine and chocolates.

     
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    LAS VEGAS – Sun West Capital Corporation, the parent company of Sun West Bank, a Subchapter S Corporation focusing on serving the needs of the small business and professional community in Nevada, held its annual shareholders’ meeting at its Las Vegas corporate headquarters on May 21, 2008. Shareholders voted to re-elect all eight members of the board of directors.

    The eight members re-elected to Sun West Bank’s board of directors include: Chairman of the Board Ken Templeton, of Ken Templeton Development; Sun West Bank President and CEO Jackie DeLaney; Secretary, Steven Kalb, of Kalb Industries; Treasurer, Hugh Templeton, of Templeton & Templeton CPA Professional Corporation; Larry Carter, Investor; Jerome Snyder Developer-Investor; Mark Stout of Mark Stout Inc; and Ron Zurek, Vice President of the University of Nevada Reno.

    In addition to affirming their current board of directors, shareholders also voted to retain McGladrey & Pullen LLP as Sun West Bank’s independent public accountants for the 2008 fiscal year.

    “We at Sun West Bank are very proud of our accomplishments over the last ten years and are looking forward to the next ten years,” said President and CEO Jackie DeLaney. “This year’s annual shareholder meeting was especially rewarding as we were able to celebrate ten years of offering our clients and the community the unparalleled service and expertise Sun West Bank is recognized for.”

     
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    LAS VEGAS – First Book-Las Vegas Valley, along with Sun West Bank, successfully distributed over 12,000 new books to aid children’s literacy issues across Las Vegas at Sun West Bank’s Flamingo branch office.

    First Book-Las Vegas Valley distributed the books to nine separate literacy programs serving over 2,894 children from low-income families within the Las Vegas Valley. These books will enable the children to start their own home libraries they can share with their siblings and families. Over the period of four years since in Las Vegas, a total of 74,496 books have been distributed to 23,164 children. Sun West Bank, along with additional leading participants of the literacy programs and several children were honored for their service and contribution by First Book-Las Vegas Valley on Monday, June 2 at Sun West Bank.

    “We are fortunate to have received such strong support from the community, Sun West Bank and our Sun West Bank employees over the past four years,” stated Sun West Bank CFO and First Book-Las Vegas Valley board member, Doreen McKee. “It is of the upmost importance for us to continue to not only support but embrace these literacy programs to ensure that children have the proper resources available to further their education, which will provide them with the right opportunities that will help advance their future.”

    Programs receiving books include: The Children's Believe in Yourself Foundation, Desert Willow Literacy Guild's program, I Have a Dream® Foundation, Inc., Las Vegas-Clark County Urban League, Robert Lunt Elementary School, Nevada Association of Latin Americans, Inc., Clark County Public Education Foundation, Retired and Senior Volunteer's Celebrate Literacy Program, and the Wendell P. William Elementary School.

    First Book is a national nonprofit organization committed to improving literacy by giving children from low-income families the opportunity to read and own their first new books. The primary goal of First Book is to work with existing community-based tutoring, mentoring and family literacy programs to distribute new books to children who, for economic or other reasons, have little or no access to books to keep for their own. In this way, First Book leverages the efforts of local organizations and individuals as they work to improve the reading skills of at-risk children. For more information on First Book's efforts to continue to bring the magic of books and reading to children or to make a contribution for the purchase of new books please send an email to lasvegasvalleynv@firstbook.org or call Doreen McKee at Sun West Bank (702) 949-2205.

     
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    Through Increasingly Difficult Environment, Sun West Bank Boasts Recommended Safety Rating

    Sun West Bank, Las Vegas, Nevada stands strong in the current environment while many financial institutions are faltering. You don't have to take their word for it, though; Sun West Bank has earned a 4-Star Recommended rating from BAUERFINANCIAL, Inc. of Coral Gables, FL, the nation's leading independent bank rating and research firm. The 4-Star rating is based on the overall financial picture of the bank and indicates that Sun West Bank is one of the strongest banks in the nation.

    “In a climate where it is increasingly difficult to shine, Sun West Bank proves it can be done,'' remarks Karen L. Dorway, president of the research firm. ''In fact, local residents should be proud that their community bank is one of the elite financial institutions in the nation, they can be rest assured that their deposits are well-placed in this 4-Star bank.''

    Established in 1998, Sun West Bank has been pleased to fulfill the financial needs of its neighbors and friends for 10 years. It currently operates through seven conveniently located offices in Las Vegas, North Las Vegas and Reno and can also be found on the Internet at www.swbnevada.com.

    Sun West Bank: “Service Above the Rest.''

    BAUERFINANCIAL, INC., Coral Gables, Florida, the nation's leading independent bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can they elude it. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.

    For more information on Sun West Bank, or any other U.S. bank or credit union, contact Karen Dorway directly, at 800.388.6686 or e-mail her at kdorway@bauerfinancial.com.

    BAUERFINAICIAL, INC. 2655 Lejeune Road, Penthouse One, Coral Gables, FL 33134.
     
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    Reno /Las Vegas - Sun West Bank reports total assets at the end of the second quarter 2008 were $ 443.3 million, a 5.26% increase as compared to the end of the second quarter 2007 with total assets of $ 421.2 million. Total deposits at quarter end equaled $ 395.2 million, a 5.4% increase over the same period in 2007, with total deposits at $ 375.0 million.

    The Bank is reporting profitability for the second quarter ending June 30, 2008, with net profits through June 2008 of $2.016 million compared to $2.923 million (for the same period last year) according to figures recently released by the bank. Lower earnings reflect the effects of the lower interest rate environment, (a 325 basis points decline since June 30, 2007), as well as a proactive management review of the loan portfolio resulting in the allocation of prudent levels of loan loss reserves based on the current economic environment. “Like many safety minded banks, we are addressing and strengthening our position on loan loss reserve, said Sun West Bank president and CEO Jackie DeLaney, because we want our customers to know we are being responsible while still reporting profitability.”

    “In our 10 years of operations, Sun West Bank has never participated in subprime lending; however, we are indirectly impacted by the effects this issue has had on our national and local economy,” said DeLaney. “We remain well positioned, with an experienced Board and management team, anticipating a sensible approach to growth during these challenging times. The Bank’s capital levels are above the required ''well capitalized'' position to meet this regulatory classification and intend to remain an active banking partner in the communities we serve.

    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 premier banking choice for the business community across Nevada and is characterized as Nevada’s largest locally owned and operated, independent community bank in the State of Nevada.

     
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    LAS VEGAS – Sun West Bank provided numerous at-risk elementary children with complete back-to-school outfits through the Classroom on Wheels’ Dress For Success program during the month of August.

    Sun West Bank employees supported Dress for Success by shopping for back-to-school outfits for at-risk children. Shoes, socks, shirts, pants, backpacks and other school supplies were collected. The outfits were given to Classroom on Wheels to distribute to those supported by the program.

    Since 1999, Sun West employees have regularly volunteered their time and energy to serve various community and charity organizations such as America’s Promise, HELP of Southern Nevada, and Classrooms on Wheels.

    “On behalf of Sun West Bank, we are thrilled to make a difference in these children’s lives for we are aware that many of them do not have new outfits for the new school year,” said Lisa Scissom, Loan Servicing Specialist. “As regular volunteers serving a number of community and charity organizations throughout the year, the entire Sun West Bank family is very excited to help curb this need.”

    Classroom on Wheels (COW) was founded in 1992 and continues to serve Clark County by addressing the developmental needs of at-risk preschool children. COW empowers their families to provide a nurturing environment with a goal of success in school and a healthy lifestyle. COW services 23 neighborhoods in Clark County, which benefits 414 at-risk preschoolers.

     
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    Las Vegas – Sun West Bank continues to give back to the community by presenting a teaching program to GNJ Family Life Center in celebration of “Get Smart about Credit” day on Thursday, Oct. 16.

    “We were thrilled to be given the opportunity to speak with the youths at GNJ Family Life Center,” said Jim Cunningham, vice present and commercial loan officer for Sun West Bank. “During the current unstable state of the economy, we felt it was extremely important to counsel these young adults with information on how to manage credit, find employment and understand the basics of how to earn, save and spend wisely.”

    Available at no cost, Sun West Bank conducted sessions where professionals chatted informally with a group of 15 students from GNJ Family Life Center, a faith-based youth services organization. With students generally between the ages of 12 and 19, the enrollment for the teaching class reached more than 385. In addition to discussing credit and finance, Don Peetz, senior vice president from Sun West Bank also conversed about goal setting and how to make smart lifestyle choices. At the end of the discussion, Cliff Northrup of the US Mint shared a story on how Nevada citizens designed the quarter, which is the only US coin that has won an international coin design honor. At the end of the discussion, US Mint presented each participant with a Nevada State Quarter and Sun West Bank each with a package that included three “Get Smart about Credit” reminders and a one dollar coin. Following the program, Sun West Bank presented a $1,000 check to GNJ Family Life Center to support the program’s in-house store.

    “On behalf of GNJ Family Life Center, we are truly humbled by the generosity of Sun West Bank’s ongoing support of the program,” said Sylvia Spencer, director of GNJ Family Life Center.'' To recognize their unyielding kindness, we will be naming Sun West Bank as a platinum sponsor during our upcoming “Get Connected” youth conference taking place Saturday, Oct. 25.”

    “Get Smart About Credit” day is an annual event where participating bankers and their companies offer their knowledge to students and youth organizations across the nation. GNJ Family Life Center assists those who often struggle with basic skills such as reading and math as well as young adults who are homeless, disadvantaged or disabled.

     
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    Las Vegas –This holiday season make sure to include gifts that promote savvy saving and smart spending. Sun West Bank lends a helping hand by offering financial education gift ideas.

    “Learning how to manage money is more important now than ever,” says Jackie DeLaney, president and CEO of Sun West Bank. “This is the season to enlighten adults and youth in our community about financial strategies that can help save money.”

    Sun West Bank suggests spreading the holiday cheer with the following money smart gifts:

    · Electronic piggy banks let children watch their money grow as the bank keeps count of coins deposited.

    · Fake checkbooks are great for pretend play. Children fill out faux checks, make payments and calculate their balance as they learn about managing a checking account.

    · Play cash registers bring playing store to life with interactive cash management. Transactions are rewarded with lights, sounds and voice messages and some systems include a built-in scanner, scale, coin slot and volume control.

    · Money board games incorporate the concepts of earning, spending, planning ahead and the value in real estate, basic money skills kids will use for the rest of their lives.

    · Pretend ATMs work just like real ATMs, complete with an electronic bill feeder and mechanisms to recognize coins. They also allow youngsters to enter a secret pin number. A fun introduction to money smarts, helping children learn as they save.

    · “Rock, Brock and the Savings Shock” by Sheila Bair, chairman of the FDIC, is a story of two twin boys who, given an opportunity to make extra money, notice the difference in their money personalities.

    · “Arthur’s Funny Money” by Lillian Hoben details Arthur’s attempt to earn money to make a special purchase.

    For other holiday spending or personal finance tips, stop by your neighborhood Sun West Bank or visit getsmartaboutcredit.com.

     
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    Reno, Nev. – Sun West Bank partnered with St. Vincent’s Food Pantry and the Children’s Cabinet of Northern Nevada to provide families in need with special holiday treats this Thanksgiving.

    St. Vincent’s Food Pantry and 12 Sun West Bank employees participated this holiday season by filling dinner boxes for families who are less fortunate. The committee also provided $50 grocery cards for each recipient to use to purchase the perishable items.

    Sun West Bank also adopted six families this year from the Children’s Cabinet of Northern Nevada. The Children’s Cabinet provided Sun West Bank employees with the names, ages and special requests each family had. This year all the families adopted were single mothers with multiple children. Each family had a $50 budget which also included a $100 gift card that was given to the head of the household. This allowed the families to purchase personal items for their loved ones. Gifts from employees were brought to Sun West Bank and then delivered to the families at the Children’s Cabinet of Northern Nevada.

    “On behalf of Sun West Bank, we are thrilled to provide for these families with gifts this holiday season,” said Rodger Stone, chairman of America’s Promise Committee, vice president and senior commercial loan officer for Sun West Bank. “Sun West Bank employees have shown tremendous character in opening up their hearts to help provide families in need. As a community bank, we are dedicated to giving back and making a difference in the lives of others.”

    Rodger Stone actively participates in Colin Powell’s America’s Promise Committee volunteer program at Sun West Bank. As a “Bank of Promise,” the program provides volunteer activities throughout each year which focus on children and support local non-profit organizations including Helping Hands, Safe Nest, Classroom on Wheels, Big Brothers Big Sisters, the YMCA, the Juvenile Diabetes Association, Opportunity Village and the Nevada Partnership for Homeless Youth.

     
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    LAS VEGAS - Sun West Bank and HELP of Southern Nevada spread the holiday spirit this year with family adoptions.

    Sun West Bank employees who participate in family adoption are given information about their adopted families, including clothing and shoes sizes, in addition to a “wish list” from their selected child. Employees spent up to $200 for each child. Money raised throughout the year also went towards fulfilling each child’s wish list. This holiday Sun West Bank adopted 24 children.

    “Sun West Bank and HELP of Southern Nevada are honored to provide these families with gifts this holiday season,” said Barbara Carson, project coordinator. “Giving back to the community and bringing a smile to these children’s faces is what the holidays and adopt a family is all about.”

    Employees shopped, wrapped and tagged all presents for their selected child then they were delivered by couriers to HELP of Southern Nevada. The adopted families made arrangements to pick up their gifts at HELP of Southern Nevada this past weekend.

     
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