What Lexicon Bank does

Lexicon Bank is a privately held community bank headquartered in Las Vegas, Nevada, operating as a wholly-owned subsidiary of Lexicon Bancorp (formed July 2023). Founded in 2019 as the first newly chartered bank in Nevada in over a decade, the bank operates from a single physical branch in Tivoli Village (330 S Rampart Blvd., Suite 150) and serves small-to-mid-sized businesses, individual consumers, nonprofits, and a niche professional poker and athlete client segment across Southern Nevada.

The bank's product portfolio spans Business Banking (commercial real estate loans, SBA loans, lines of credit, equipment financing, construction loans, business credit cards, Zelle for Business), Personal Banking (checking, savings, credit cards, Zelle), and a specialized Professional Poker Banking vertical. Digital channels include online banking, a mobile application on iOS and Android with biometric authentication and remote deposit capture, ACH-based external funds transfer, bill pay, and Zelle integration. Community engagement is productized through the monthly Community Spotlight program (which has spotlighted 60+ nonprofits) and the founding sponsorship of Junior Achievement's BizTown facility.

Lexicon generates revenue primarily through net interest income on its $164.7M loan portfolio, funded by $260.9M in core deposits, supplemented by fee-based services (bill pay, debit card interchange, account services). The bank's go-to-market relies on relationship banking with concierge-style service, including after-hours and weekend banker availability and on-site client visits. The PPP loan program during COVID-19 ($185M across nearly 1,000 loans) served as the initial growth catalyst and continues to anchor the SMB customer base, while sports sponsorships (Henderson Silver Knights, Las Vegas Desert Dogs) and nonprofit partnerships drive top-of-funnel client acquisition.

Name

Lexicon Bank

Legal name

Lexicon Bank

Website

https://lexiconbank.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Lexicon Bank is a Las Vegas community bank founded in 2019 offering SBA lending, business and personal banking, and concierge relationship banking to Southern Nevada SMBs, nonprofits, and individual consumers from a single Tivoli Village branch.

Ownership category

akta.pro rank

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Loans: Primary revenue from interest on commercial real estate loans, lines of credit, SBA loans, equipment financing, and construction loans. Loans grew to $164.7 million through June 2024.
2. Deposit Services: Core deposits from business and individual clients form the funding base. Deposits reached $260.9 million through June 2024.
3. Fee-Based Services: Revenue from various banking fees including bill pay services ($1.00 minimum, $20,000 maximum per payment), account services, and external transfer services (no fee for external transfers).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Lexicon Bank is a privately held community bank in Las Vegas, Nevada offering concierge-style personal and business banking services. Its core offerings include business checking and lending (SBA loans, commercial real estate loans, lines of credit, equipment financing, construction loans), personal checking and savings, debit and credit cards, and digital banking channels including online, mobile, Zelle, remote deposit capture, and bill pay. The bank serves Southern Nevada with a single physical branch complemented by digital access and relationship manager-led service.

Product overview

Lexicon Bank offers a unified community banking platform centered on personalized, concierge-style service for both personal and business clients. The core portfolio includes Business Banking, Business Lending (with SBA Lending division), and Personal Banking, complemented by Business and Personal Credit Cards. Unique niche offerings include Professional Poker Banking for gaming industry clients. Digital banking capabilities encompass Online Banking, Mobile Banking, Remote Deposit Capture, Bill Pay Services, and External Funds Transfer. Community engagement is a central differentiator through the Community Spotlight Program and Junior Achievement BizTown partnership. The bank operates primarily through its single branch location in Las Vegas while providing after-hours and mobile banking access.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Banking Concierge-style commercial banking services for businesses of all sizes in Southern Nevada, including business checking accounts, cash management, and personalized banking support beyond traditional branch banking.
• Business Lending Comprehensive commercial lending solutions including SBA loans, commercial real estate loans, lines of credit, equipment financing, and construction loans for businesses of all sizes.
• SBA Lending Small Business Administration lending programs offered through the Business Lending division, helping small businesses access government-backed financing with notable expertise demonstrated during COVID-19 PPP loan programs.
• Business Credit Cards Credit card products designed for business clients to manage expenses and cash flow.
• Personal Banking Personal banking services including checking and savings accounts for individual customers seeking relationship-focused service with concierge-level attention.
• Debit Cards Standard and premium metal debit cards with modern designs. Standard cards provided by default; metal cards available for accounts with $250,000+ average monthly balances or for a $75 fee.
• Personal Credit Cards Credit card products for personal banking customers.
• Professional Poker Banking Specialized banking services tailored for professional poker players, addressing unique financial needs of the gaming industry in Las Vegas.
• Online Banking Internet-based banking platform providing account access, fund transfers, bill pay, balance inquiries, and secure communications with same-day posting available until 9:00 PM PT.
• Mobile Banking App Mobile app available on iOS and Android with account viewing, remote deposit capture, text message banking capabilities, and biometric authentication.
• External Funds Transfer ACH-based transfer service enabling fund transfers between Lexicon Bank accounts and accounts at other financial institutions, limited to $10,000 per transaction and $10,000 aggregate per day with no fee.
• Bill Pay Services Online bill payment service with $1.00 minimum and $20,000.00 maximum per payment, requiring 3 business days setup time.
• Remote Deposit Capture Electronic check deposit service allowing users to make deposits by transmitting digital images of paper checks drawn on US financial institutions.

Quantifiable outcome

• Grew to $299.2 million in total assets through June 2024
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

13 partnerships are on record, tiered core, minor and flagship.

• Girl Scouts of Southern NevadacoreGTM or Marketing Partner · 3 March 2026Lexicon Bank donated $2,500 to support the CEO in Training Cookie Pitch program for third consecutive year. Donation supports military service members through Girl Scouts' Gift of Caring program.
• Three Square Food BankminorGTM or Marketing Partner · 6 November 2025Lexicon Bank donated $5,000 to Three Square Food Bank to help provide meals for individuals and families impacted by government shutdown.
• Rebuilding Together Southern NevadacoreGTM or Marketing Partner · 18 September 2025Lexicon Bank partnered with RTSNV to sponsor a $100,000 grant application through FHLBank San Francisco's AHEAD Program supporting the Safe at Home Program for low-income seniors, veterans, and individuals with disabilities.
• Henderson Silver KnightsflagshipStrategic or Co-development Partner · 19 November 2024Lexicon Bank is a member of the Silver Society (exclusive founding partner group) and Official Bank of the Henderson Silver Knights. Naming rights partner of the Apothecary lounge at Lee's Family Forum. Logo featured on ice during home games. Partnership announced November 2024.
• Las Vegas Desert DogsflagshipStrategic or Co-development Partner · 14 November 2024Lexicon Bank is the Official Bank and Official Helmet Sponsor of the professional box lacrosse team (NLL member). Desert Dogs volunteer at two community events sponsored by Lexicon Bank each year.
• Junior Achievement of Southern NevadaflagshipStrategic or Co-development Partner · 1 April 2024Founding sponsor of JA BizTown. Lexicon operates a replica branch inside the BizTown facility at 4440 E. Tropicana Ave, allowing students to immerse themselves in community banking. Supports financial literacy education for K-12 students reaching 20,000+ students annually.
• Nevada Ballet TheatrecoreGTM or Marketing PartnerLong-standing partnership. Nevada Ballet Theatre has been partnered with Lexicon since their first PPP loan, with relationship now expanded to full banking services. Lexicon recognized as philanthropy honoree at 2026 shareholder meeting.
• Junior Achievement of Southern NevadacoreGTM or Marketing PartnerOne of four philanthropy honorees recognized at 2026 Lexicon Bancorp Annual Meeting for meaningful community impact.
• Scouting America (Las Vegas Area Council)coreGTM or Marketing PartnerOne of four philanthropy honorees recognized at 2026 Lexicon Bancorp Annual Meeting for meaningful community impact.
• The LGBTQ+ Center of Southern NevadacoreGTM or Marketing PartnerOne of four philanthropy honorees recognized at 2026 Lexicon Bancorp Annual Meeting for meaningful community impact.
• Teach For America NevadaminorGTM or Marketing PartnerSeptember 2024 Community Spotlight partner. TFA NV established in Nevada in 2004 with goal for twice as many 3rd graders in CCSD to read proficiently by 2030.
• Esther's KitchenminorGTM or Marketing PartnerRestaurant client highlighted for successful SBA loan experience. Owner James Trees praised Lexicon's team and SBA process as simple, seamless, and kept them on track for success.
• American Bankers AssociationminorOthersJames R. Gordon, EVP and Chief Operating & Financial Officer, appointed to ABA's Community Bankers Council for 2024-2025 association year. Council strengthens community banker involvement and develops products/services for community banks.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Meadows Bank: Las Vegas-based community commercial bank of similar scale and product mix. Two of Lexicon's recent EVP hires (CFO Diane York; COO/CIO Karla Wright) came directly from Meadows Bank, making it the closest direct comparable on size, geography, and commercial-banking strategy.
• Live Oak Bank: Wilmington, NC-based bank that built a national SBA and small-business lending franchise. Comparable to Lexicon in its SBA-led growth strategy, government-backed lending focus, and use of remote relationship banking to originate loans outside its home geography.
• Celtic Bank: Utah-based community bank with a heavy SBA and government-guaranteed lending franchise. Comparable in its specialization in SBA loans and in scaling small-business credit nationally from a small deposit base.

Broad incumbents

• Nevada State Bank: Zions Bancorporation subsidiary and one of the largest Nevada-based commercial banks with statewide branch coverage and full corporate-banking capabilities. Broad incumbent competing with Lexicon for the same Las Vegas SMB and personal-banking clients.
• Western Alliance Bank: Large Phoenix-based commercial bank with a deep Las Vegas franchise (the legacy Bank of Nevada). Competes with Lexicon across business banking, CRE lending, and SBA, and represents the most established local competition.
• Pacific Premier Bank: California-headquartered commercial bank with strong SBA and middle-market banking practices. Comparable as a relationship-led commercial bank with embedded SBA lending and growing deposit base in Western US metros.
• First Foundation Bank: Texas-based commercial bank with West Coast presence focused on business banking, SBA, and CRE lending to small and mid-market clients. Comparable in CRE/SBA loan mix and SMB relationship strategy.

Regional players

• One Nevada Credit Union: Large Nevada-headquartered credit union serving Las Vegas consumers and small businesses. Competes with Lexicon for personal banking, deposits, and small-business relationships in the same Southern Nevada geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lexicon_bank
• Facebookfacebook.com/LexiconBank
• LinkedInlinkedin.com/company/lexicon-bank
• Instagraminstagram.com/lexiconbank

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lexicon Bank