VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
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IN BUSINESS BANKING AND FINANCE LONGTIME LAS VEGAN NAMED PRESIDENT OF BANK OF NEVADA By Buck Wargo staff writer John Guedry has been named president and chief operating officer of Bank of Nevada. Guedry will be responsible for the bank's business development and sales activities. He will report to CEO Bruce Hendricks, who will continue oversight of all bank administration. Guedry, a 37-year Las Vegas resident, is a former executive at City National Bank. He most recently served as managing director with CB Richard Ellis. A graduate of UNLV, Guedry began his banking career in 1985 with Valley Bank of Nevada, where he served in several roles and eventually was named vice president/sales manager. In 1990, he joined Nevada Title Company as president REIS and executive vice president/sales manager until 1997. He was named executive vice president/director of retail banking for Community Bank of Nevada until joining Business Bank of Nevada in 2000 as its CEO. In 2007, Business Bank was acquired by City National, where he served in a senior management role until 2009, when he joined CB Richard Ellis. Guedry is past chairman and board member of the Nevada Bankers Association and past board member of the American Heart Association and Opportunity Village. He currently serves as a board member of Woman's Development Center and Public Education Foundation and is a member of the Las Vegas Bowl Executive Committee. Bank of Nevada was established in 1994 and has assets of $2.8 billion. It has 12 offices in Las Vegas, Henderson, North Las Vegas and Mesquite. FDIC CALLS BANK 'UNDERCAPITALIZED' SUNFIRST, FROM PAGE 16 In the latest enforcement order dated July 28, the FDIC said SunFirst is "significantly undercapitalized" and ordered it to beef up its finances by selling stock or other obligations, or to merge with another bank. It was also ordered not to accept expensive brokered deposits, to limit the interest rates it pays on deposits, to not make any capital distributions or dividend payments and to not pay bonuses or award raises to staff. This "Supervisory Prompt Corrective Action Directive" will remain effective until the bank shows it's adequately capitalized for four consecutive quarters. The bank gained notoriety this year because of its dealings with Johnson and after it was caught up in the national Internet poker crackdown that led to the April 15 indictment of the principals of PokerStars, Full Tilt Poker and Absolute Poker. Among those indicted were John Campos, vice chairman of SunFirst Bank, who was accused of arranging for the bank to illegally process Internet poker transactions. The US Attorney's Office in Manhattan has alleged Campos was induced into doing so by Las Vegas businessman Chad Elie, also a defendant in the criminal poker case. In exchange for processing the transactions, Campos was to receive a $20,000 "bonus" and Elie and an associate—apparently Johnson—would invest $10 million in the bank. | 5 SEPTEMBER 2011 | 17 073632.01_ref 056879_SNWA_Compliance Lower The Overhead_Vegas Inc._9/5_Print_Jr Pg 7.46" x 7.5"_InDesign CS5_Fonts: Univers (T1) 93 Extra Black Extended, Helvetica Neue_4C_AD: DV_GA: Dorcus 8.23.11; tom 8/24/11 loaded LOWER THE OVERHEAD UNDER YOUR FEET. MEMO FROM THE TOP: CUT BACK YOUR WATERING SCHEDULE TO 3 DAYS A WEEK. IT LOWERS YOUR WATER BILLS AND KEEPS YOUR GRASS GREEN AS THE SEASON CHANGES. changeyourclock.com