29 March 2012
Presiden’t Letter March 29, 2012

March 29, 2012
Letter from Dallas Haun

Thousands of Nevadans are still grappling with the effects of the housing crisis. In order to help, Governor Brian Sandoval organized “Home Means Nevada,” an event designed to bring homeowners facing difficulties with their mortgage together with bankers, representatives of Fannie Mae and Freddie Mac, pro bono lawyers, and other concerned players who could offer practical advice and assistance. When the Governor invited Nevada State Bank to participate, I immediately accepted. Over the weekend of March 9 and 10 at the CashmanCenter inLas Vegas, our Senior Vice President for Residential Mortgage Lending, Marv Rosenthal, led 12 staff members from Nevada State Bank who answered homeowners’ questions and worked with a number of people who were seeking solutions to their specific mortgage situations.

            During the lead-up to the financial crisis, Nevada State Bank did not issue sub-prime loans; therefore, our clients did not suffer the consequences directly associated with them.  In addition, nearly all of our loans remain in our portfolio, so when difficulties arise, we are still there, ready to help find solutions. During this challenging time, as the economic crisis affects us all in a variety of ways, we have modified hundreds of our existing home loans to assist clients. Beyond our dedication to extraordinary service, though, Nevada State Bank maintains a broad commitment to the well-being of the entireNevadacommunity. So when an opportunity arose to participate in “Home Means Nevada,” we were there. My thanks go to the colleagues who represented us. We are sensitive to the frustrations of many Nevadans and we contribute in every way we can to a more prosperous future.     

Best Regards,


Dallas Haun
President and CEO
Nevada State Bank


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