Banks attended the University of Nevada, Las Vegas and is a member of the UNLV Athletics Hall of Fame.

Banks attended Valley High School in Las Vegas, where he was a 1983 McDonald's All-American[1] Banks chose to stay home to attend and play collegiate basketball at the University of Nevada-Las Vegas under Hall of Fame Coach Jerry Tarkanian.

As a Senior in 1986–1987 Banks averaged 19.5 points per game, alongside teammates Armen Gilliam and Gerald Paddio in leading the UNLV Runnin' Rebels to a 37–2 record and the 1987 NCAA Division I men's basketball tournament Final 4.

[6][7][8][9] As of 2023, Banks was Head Boys' Basketball Coach at Canyon Springs High School, in Las Vegas.

[15] On Saturday, November 27, 2021, Banks had his number 13 jersey retired during halftime of UNLV's game against UCLA.