American Bancorp of Nevada to pay dividend.LAS VEGAS--(BUSINESS WIRE)--March 19, 1996--At a meeting Monday Monday: see week. , the board of directors of American Bancorp of Nevada approved a 15 percent stock dividend payable on April 9 to shareholders of record as of April 2. The corporation, which is the parent company of Las Vegas-based American Bank of Commerce, operates four branches in southern Nevada and is building a fifth in North Las Vegas North Las Vegas, city (1990 pop. 47,707), Clark co., SE Nev., a residential suburb of Las Vegas; inc. 1946. Tourism is the economic mainstay of this growing suburb. The city's population more than tripled between 1990 and 2003. . Claudine Williams, chairman of the board, said the corporation has experienced unprecedented growth and the directors wanted to reward the bank's shareholders. "The dividend is a way we can share our success with all those who have supported our efforts over the years," Williams said. American Bank of Commerce was founded in 1979 by local business and community leaders with an asset base of $2 million. Seventeen years later, the bank is Las Vegas' longest established, independent financial institution with $277 million in assets. The bank's holding company, American Bancorp of Nevada, was formed in 1982. The corporation's stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol ABCN ABCN American Board of Clinical Neuropsychology . CONTACT: American Bancorp of Nevada Bob Olson Bob Olson was an American football player. His home town was Superior, Wisconsin. He attended Notre Dame where he played linebacker between 1968 and 1969 and became team captain. , 702/362-7222 |
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