Global Banking and Financial Services

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Southern Nevada has a diverse, abundant, and customer service oriented workforce that makes it a destination for the back office operations of financial service firms and business services firms. Southern Nevada has also developed a unique expertise in the financial services industry, with many high value firms specializing in financial services related to the global gaming and tourism industry. ¬†Industrial loan companies like Toyota Financial Savings Bank and USAA Savings Bank take advantage of Southern Nevada’s unique regulatory environment, and more than 10% of all industrial loan companies in the United States are headquartered in Southern Nevada. Scroll down to learn more.

 

INDUSTRY STATISTICS

Global banking, business & financial services CLUSTER

Employment in Cluster 25,670
Regional Yearly Average Wage in Cluster $62,275
Cluster Employment Growth (2014/15) -1.8%

SOUTHERN NEVADA banking & financial services INDUSTRIES

REGIONAL AVERAGE WAGES

Commercial Banking $54,370
Credit Unions $46,492
Credit Card Issuing $64,221
Financial Transaction Processing & Clearinghouse Activities $57,567
Securities Brokerage $143,980

LEADING COMPANIES

Financial services back office

Southern Nevada is home to the back office and customer contact facilities of many major financial institutions. Some of the larger ones are listed below.

Barclay Ameriprise-Logo hsbc-logo
bank_of_america crb first-national-bank-of-marin_logo_3993

Industrial Loan Companies

Industrial loan companies, also known as industrial banks, are financial services firms owned by companies engaged in commercial activities that are not necessarily financial activities. Nevada is one of only two states with a significant presence in the industrial banking industry. Though these companies are not often known to the consumer, they play a pivotal role in the operation of some of America’s largest companies. To learn more about Industrial Loan Companies, click over to this Milken Institute report.

Toyota usaa-logo-horizontal beal bank

 

FInancial Services FIRMS

Southern Nevada is home to some of the most innovative and profitable financial services firms in America, including Fidelity National Financial, a Fortune 500 company and a leading provider of title insurance, technology, and transition services to the real estate and mortgage industries, that relocated its headquarters from Jacksonville to Las Vegas in 2015.

fidelity Provident UnionGaming_logo2