American West Bank becomes first local financial institution to offer comprehensive program for newly legalized home-based businesses in Los Angeles.ENCINO, Calif.--(BUSINESS WIRE)--July 11, 1996--One day after the Los Angeles city council  The Los Angeles City Council is the governing body of the City of Los Angeles, California, United States. voted to draft an ordinance to legalize le·gal·ize tr.v. le·gal·ized, le·gal·iz·ing, le·gal·iz·es To make legal or lawful; authorize or sanction by law. le home-based businesses, American West Bank announced its exclusive Banking for Home-Based Businesses program, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John J. Feldman, the bank's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The new program includes a comprehensive package of lending programs, deposit options, personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services. , and educational programs specifically designed to meet the needs of home-based businesses. The 12-point program includes a 72-hour response time on loan requests, an individual relationship with a bank vice president, and other elements designed to provide a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to this growing market segment. "We have been developing this program to assist home-based businesses for some time," said Feldman. "We knew it was just a matter of time for Los Angeles to join the 77 other cities in the county that legalize home-based businesses. We have long recognized the importance of this new business trend, one brought about both by technological advances and life-style decisions," he said. One recent study estimated that there are about 300,000 home-based businesses in Los Angeles, and approximately 3 million in California. American West Bank's main office and corporate headquarters are located at 16861 Ventura Blvd., Encino, with its Glendale Regional Office at 701 North Brand Blvd. For information about Banking for Home-Based Businesses Program, contact Terry Butcher, vice president, in the Encino office, 818/501-2265 or Robert Lewis, vice president/manager of the Glendale office, 818/246-8325. CONTACT: Cooper Communications Inc., Woodland Hills Martin M. Cooper, 818/348-8030 |
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