47°F
weather icon Overcast

Meadows Bank net income up 21%

Meadows Bank, headquartered in Las Vegas and operating a branch in Pahrump, announced that it posted net income after tax of $13,739,900 in the first nine months of 2019.

That was 21% higher than the $11,368,000 it earned during the same period in 2018.

As of Sept. 30, the bank had total loans of $817.8 million which represented a 12% growth or $85.2 million over loans outstanding at Sept. 30, 2018.

Meanwhile, total deposits grew by $62.6 million from Sept. 30, 2018 to $823.1 million at Sept. 30, 2019. As of Sept. 30, 2019, total assets grew to $950.6 million and total equity capital grew to $113.2 million.

Details were released in a Nov. 7 news release.

Meadows Bank was founded in 2008 in Las Vegas and currently has branches in Las Vegas, Henderson, Reno, Pahrump and Phoenix.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Nevada redistricting group files amended petition

A group seeking to turn the once-a-decade process of redistricting political lines in Nevada over to a commission rather than the Legislature has refiled a petition with the secretary of state, after a judge ruled the original was misleading.

After roughly a century, bighorn sheep return to Pyramid Lake

Nevada state officials and the Pyramid Lake Paiute Tribe worked to reintroduce desert bighorn sheep to the hills above the lake Monday, the first time since the early 1900s that they’ve been seen in the area 50 miles north of Reno.

Senators call for investigation into Pahrump ICE facility

Two U.S. senators representing Nevada are calling for the Department of Homeland Security Office of Inspector General to investigate conditions at the Nevada Southern Detention Center, a privately-owned facility in Pahrump that contracts with Immigration and Customs Enforcement, also known as “ICE.”

Pahrump community invited out for All People’s Luncheon

Martin Luther King Jr. Day is right around the corner, and coinciding with the nationwide holiday in honor of the life and legacy of the civil rights leader, Pahrump’s Martin Luther King Jr. Scholarship Foundation will be holding its 17th Annual All People’s Luncheon.

Pahrump Fairgrounds water applications protested by Great Basin Water Co.

For more than a decade and a half, the town of Pahrump has been working toward development of a huge patch of land with the ultimate goal of turning 427 acres of property into a major recreation facility, the Pahrump Fairgrounds.

Pahrump parcel fee hike overturned by Nye commissioners

Many Pahrump area property owners have been angry these past few weeks about a future hike in the per parcel fee assessed on their property taxes. And owners haven’t been shy about expressing their frustrations either.

Nevada 2020 Democratic caucus includes early voting option

The Nevada 2020 Democratic Caucus, the “First in the West” as it is proudly being hailed, is just over a month away, and the Nevada Democratic Party is preparing for the major undertaking that will help decide the Democratic presidential nomination.