Executive Women’s Council Spotlight
Executive Women’s Council (EWC)
EYES ON YOU Stacy Watkins, President and CEO, Lexicon Bank
Lexicon Bank is Nevada’s community-focused banking partner that provides private, personal, and comprehensive banking services to business and personal banking customers. Q: Why did you join the Executive Women’s Council? I have always wanted to join the EWC, and when I took on my new role as president and CEO, I had the opportunity to be introduced to the council through the Vegas Chamber President’s Club. EWC interested me given the abundance of opportunities to collaborate and mentor with other strong and community-minded women in Las Vegas. I also thought it would be a great resource for me and my team to find ways to better assist businesses and other minority, women-owned businesses in our backyard. In all my years of banking and serving in various leadership roles, I have always found a strong connection between serving others and growth. Some of the best ways I’ve found the ability to find new connections was through looking for ways to get comfortable by being uncomfortable. Finding an opportunity like the EWC will not only continue to support my growth but offer me yet another group of talented and forward-thinking women leaders to connect and learn from into the future. Q: Can you share a workplace story that is inspiring? I joined Lexicon Bank in the middle of the COVID-19 pandemic, and, as you can imagine, there are so many incredible stories to be told over this past year. For Lexicon Bank, our team has worked countless hours on both rounds of the Payment Protection Program (PPP) which created fatigue at times and time away from our families. At the beginning of the PPP Program, as the newly appointed person in charge, I did my best to find my way and connect my team’s work with the mission at hand. I began to quickly identify the need to better connect and help them see the level of impact they were making, not only for our community but for individual business owners and these businesses’ employees. Although my team received countless thank you cards, emails, and appreciation from our clients, something still was missing — their personal stories. The greatest shock in all of this was the impact that our support had for our clients, and hearing the countless, heartfelt stories that came with it. It was our duty to make sure the team heard these incredible stories of how their work not only saved businesses across Nevada but helped put food on the tables of Las Vegas families that, for some, had been without food for some time. As
we started to build our client base, we started to introduce them as they would come in and tell their stories with the back office team and all those involved so they could hear about the impact they were making on so many. It was at that point the team came to me and expressed their desire to do more and help as many people that we could. I was taken aback by their increased level of passion for the greater cause and their ability to double their efforts by booking over 600 loans for $115 million in the first round of PPP and over 300 additional loans for over $60 million in the second draw. When the call came to participate in the second draw, they were more than prepared to serve their existing clients and more. This team inspires me every day to be the best that I can be and consistently reminds me how truly delicate the relationship between a business owner and an employee is. I’m incredibly lucky to have worked through this pandemic with our partners and clients, and one of the best banking teams hands down in Las Vegas. Q: How did the pandemic change you, and do you believe the Southern NV economy and business sector will thrive once again? Being in the financial industry for 27+ years I’ve seen many economic cycles, many of which I thought would be the worst of them. Never did I imagine what I have seen today, however. What I have learned by going through all of these cycles in banking is that you always have to be prepared. You need to move forward, adapt to the changes, and stay relevant to your environment and demands of the diversity of our city. I knew there was a new lesson to be learned in this cycle, and as each month went by I kept looking for what the teaching moment and lesson was this time. Personally, it was one of the toughest years for my family and many of my team member’s families, so staying mentally strong for them and myself was key. I often heard, “I can’t wait for things to get back to normal,” but what is normal? The world and our city will forever be changed from the pandemic, and as we’ve seen throughout similar situations in the history books. I would suggest that if you wait for things to get back to normal you will have lost the lesson in all of this. For families and businesses, it’s important to re-evaluate what you’ve learned and make the necessary adjustments to endure the next economic cycle. It’s important to look for the positive changes that may have occurred for you or your business and learn to reengineer and reinvent yourself to foster growth. What we have all gone through was hard and is still difficult for many, but just like any economic cycle, we must find what’s good from it, learn from it and reconnect to move our incredible city, our home, forward.
VEGAS CHAMBER SEPTEMBER 2021 BUSINESS VOICE
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