President's Message

Dear Valued Customers,

In light of recent news about the Banking industry and the uncertainty that it has caused, I wanted to reach out to you to let you know your money is safe with us. Community 1st Bank Las Vegas is a very strong financial institution with strong capital, liquidity and risk management practices. The three banks that failed had unique characteristics that contributed to their failure. One of the banks relied heavily on deposits from fintech and venture capital firms, while the other two relied heavily on crypto currency deposits.

At Community 1st Bank Las Vegas, we apply a more conservative approach to managing our balance sheet. We are extremely careful in how we invest deposits in securities and loans.

Other points to note about Community 1st Bank Las Vegas:

• As a community bank, we do not rely on fintech, venture capital, or crypto currency deposits.

• Community 1st Bank Las Vegas remains well capitalized and well positioned to continue to serve our customers and community. We were chartered 74 years ago and expect to serve this community for generations to come.

• You have access to our experienced team, and we stand ready to assist you at all times with any of your questions or concerns.

• We take pride in our relationship-based business model focused on building long-term trust with our customers. After all, we live in your community too, and your success is our success. We are big enough to serve you, small enough to value you.

• We are ready and prepared to assist you in identifying whether additional insurance coverage is necessary and ensuring your deposit needs are met. If you have questions about your coverage, or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources or give us a call directly at (505) 425-7584:

  • o Understanding Deposit Insurance.

  • o FDIC Deposit Insurance FAQs.

  • o FDIC Calculators.

We will continue to apply conservative decision making to ensure our clients’ deposits remain safe and secure.
Thank you for being a valued customer of Community 1st Bank Las Vegas.

Yvette M. Williams
CEO/President
Community 1st Bank Las Vegas
600 Douglas Ave.
Las Vegas, NM 87701