Nevada Bank and Trust is celebrating its 40th anniversary of serving the people of Caliente, Elko, Ely, Mesquite and the surrounding areas from the top to the bottom of the eastern side of the state.
To celebrate, the bank is having special drawings with prizes every Friday in June at each of its branches. Customers can come into any branch to enter their name. The branch in Caliente hosted a customer appreciation barbecue over Memorial Day weekend, and the Ely branch has planned a barbeque as well for June 29. The other two branches are giving out snacks and treats at their branches.
Spencer Hafen, CEO of Nevada Bank and Trust explained, “Our main success is from the people in our communities. We are a community bank. We try to strive to keep and provide that community feel. The people have been loyal and have supported us because of it. Forty years of success is a direct reflection of the customers’ 40 years of support. We exist because of our customers. We look forward to another 40 years.”
The bank was established in Caliente on June 21, 1978, by a group of small businessmen, led by Caliente local Wes Holt. There was a great need for a bank in Caliente, since the closest one at the time was in Pioche. The bank was started with seven directors: Wes Holt, James Prince, Ross Harrison, Frank Chadwick, R.I. Olsen, Brian Mendenhall and James Gottfredson. Holt served as the director of the board of directors until he retired in 2015.
The dream and vision of the bank was to provide financial services to every small town on U.S. Highway 93. At the bank’s peak, it had branches in Alamo, Caliente, Carlin, Pioche, Elko, Ely, Mesquite, Owyhee and West Wendover. Although the bank has since consolidated to just four branches, its vision of providing financial services to rural Nevada has not changed. The bank continues to offer loan products ranging from consumer lending to financing commercial projects. In addition, the bank offers a wide variety of digital banking options, including mobile banking and mobile check deposit for a few thousand customers.
Hafen expressed, “As we turn 40, we reflect on the customers that have made Nevada Bank and Trust successful. We extend thanks to all who have helped in the success of your hometown bank, and we look forward to a bright future providing financial services to all we serve.”