Nevada State Bank helps homeowners refinance with up to 100 by xiangpeng


									For immediate release
April 30, 2012

Contact:     Sandi Milton                            Cheryl Persinger
             VP/Public Relations                     B&P Public Relations
             702.855.4701                            702.967.2222

 Nevada State Bank helps homeowners refinance with
       up to 100 percent Loan to Value ratio
   - Options include no points or loan-related closing costs
   - Shorter loan terms, no payments for 90 days
LAS VEGAS — Recognizing an opportunity to help local homeowners in an often
complex housing market, Nevada State Bank offers options for homeowners who would
like to refinance their homes or have a shorter term loan.

The bank has introduced its new Home Residential Lending Refinancing option, which
lets qualified borrowers refinance their current mortgage up to 100 percent loan-to-value
ratio, as determined by the Bank. The loan offered by Nevada State Bank is designed to
help homeowners who are not currently underwater on their homes, or those who may
owe more on their mortgage than their home is currently worth but are able to bring the
amount borrowed down to 100 percent of the home’s value, giving them the option to
refinance their current mortgage at today’s more favorable loan rates.

“Many reports suggest that up to 70 percent of all Southern Nevadans are underwater in
their mortgage, but that still leaves 30 percent who have equity in their homes and may
benefit from refinancing at today’s historically low interest rates,” said Craig Kirkland,
executive vice president and retail banking officer of Nevada State Bank. “Nevada State
Bank is working to help these homeowners pay their homes off quicker, or to free up
some cash by offering attractive refinancing options.”

Loans below $750,000 are eligible for the 100 percent loan-to-value refinance for shorter
length terms. Not everyone will qualify for this program and other programs are
available. Nevada State Bank’s lending officers are committed to working with each client
to ensure their individual needs and goals are addressed. Some borrowers may also
qualify to have their payments deferred for the first 90 days, though interest does accrue
during this time.

In addition to the refinancing options, Nevada State Bank also offers other short-term
loans and traditional mortgages.

“We know many local homeowners are looking for options, so we’re doing all we can to
make them aware of their choices,” Kirkland said.

Home Refinancing—add one

Homeowners wanting more information can visit
or call 866-618-3453.

About Nevada State Bank
Nevada State Bank, with assets of more than $4.1 billion, is the largest state-chartered bank in
Nevada. Established December 9, 1959, Nevada State Bank celebrated its 50th anniversary
throughout 2010. A full-service bank with 53 branches statewide, Nevada State Bank offers a
complete range of consumer, privateand business banking services. It is a subsidiary of Salt Lake
City-based Zions Bancorporation (Nasdaq: ZION), one of the nation's premier financial services
companies. For more information on Nevada State Bank, call 702.383.0009 or access


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